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Vehicles market grows strongly by 38.9 pct, led by new passenger cars
EconomyMacroeconomy, growing strongly by 38.9 percent year-on-year (YoY), after a 15.6 percent rise in September, according to Hellenic Statistical Authority (ELSTAT) data released on Friday. In October 2022, the year-on-year change was a 2.4 percent rise. Car sales in September came to 19,607 compared to 14,740 in 2022
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Budget continues to outperform in Oct, paving way for 350 mln Christmas handout
EconomyMacroeconomydata released by the Finance Ministry (MoF) on Wednesday. In the ten months of the year, the budget... and better performance of income taxes of individuals and companies of the previous year, as well as the performance of the collection of VAT for the current year. The full revenue breakdown
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Significant improvement in oil balance reduces 9M current account deficit to 7.25 bln
EconomyMacroeconomyin September, compared to a deficit of 3.69 billion euros in the same month last year. Total imports came to 6.98 billion euros in September, from 8.34 billion last year. At the same time, total exports... as the oil balance reached a deficit of 473.8 million euros, from 1.48 billion euros last year
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Trade deficit narrows by 32 pct in Oct, but exports contract
EconomyMacroeconomyGreece’s trade deficit recorded a drop of 32 percent year-on-year (YoY) in October, after a decline... deficit had already started widening by the end of 2021. The year-on-year growth of October 2022 had... products and ships, the aggregate deficit was down by 6.1 percent, at 21.03 billion euros. Year
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Solid Nov for car sales, which are up by 15.2 pct in 11M
EconomyMacroeconomy, growing strongly by 24.3 percent year-on-year (YoY), after a 38.9 percent rise in October, according to Hellenic Statistical Authority (ELSTAT) data released on Monday. In November 2022, the year-on-year change was a drop of 6.3 percent. Car sales in November came to 18,791 compared to 15,254 in 2022
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Solid revenues, contained spending lead to primary balance beating target by 2 bln in Nov
EconomyMacroeconomydata released by the Finance Ministry (MoF) on Tuesday. In the eleven months of the year, the primary... of individuals and companies of the previous year, as well as the performance of the collection of VAT for the current year. The full revenue breakdown will be provided in the final budget execution
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Current account deficit to Oct plunges to 8.7 bln as energy impact eases and imports drop
EconomyMacroeconomyin October, compared to a deficit of 4.08 billion euros in the same month last year. Total imports came to 7.28 billion euros in October, from 8.79 billion last year. At the same time, total exports came... balance reached a deficit of 592.4 million euros, from 1.68 billion euros last year. The balance
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Mitsotakis aims for faster reform process in 2024
PoliticsGreek PoliticsAs the year comes to a close, Prime Minister Kyriakos Mitsotakis has attempted to set the tone... year. In one of his regular social media posts, Mitsotakis argued that Greece is in a much better... of the year last week the government’s plan of action for 2024, which includes 221 reforms
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Energy fuels producer price fall of 8.9 pct in Nov, but non-durable consumer goods keep rising
EconomyMacroeconomyby 8.9 percent year-on-year (YoY), after falling sharply by 13.5 percent in October, ELSTAT data showed on Friday. The index had been growing over a two-year period since March 2021, before it turned negative in March this year. In January 2021 the index was just under 100 points, and at 136.75
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Trade deficit narrows further in Nov, at 28.46 bln in 11M
EconomyMacroeconomyGreece’s trade deficit recorded a drop of 28.6 percent year-on-year (YoY) in November, after... deficit had already started widening by the end of 2021. The year-on-year growth of November 2022... products and ships, the aggregate deficit was down by 5 percent, at 23.19 billion euros. Year to date
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