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VAT, income taxes help push May budget primary balance above target by more than 3 bln
EconomyMacroeconomyThe budget primary balance in May was confirmed to be a surplus of 2.3 billion euros, compared... to May showed a deficit of 1.12 billion euros, from a 4.07-billion-euro deficit in 2022. The overall..., 459 million more than the target. Expenditure In May, overall expenditure stood at 27.37 billion
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Credit growth slows to 3.1 pct in May, as flow to corporations contracts
EconomyMacroeconomyThe pace of credit movement in the Greek private sector continued to slow in May, rising by 3.1... the trend had been declining since and May was half the previous high. The net lending flow was negative by 275 million euros in May, after a 789 million euros drop in April. The outstanding balance
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Economic sentiment improves further in May, consumer confidence dips
EconomyMacroeconomyGreece’s economic sentiment (ESI) moved up in May, reaching 111 points, from 108.6 points... of the previous high of August 2023. Over the rolling 12-month period, the ESI in May is up 1.7 points from June last year. The average ESI in the EU stood at 96.5 points in May, from 96.2 points
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Revenues continue beating targets in May, tight rein on spending remains
EconomyMacroeconomyThe budget primary balance ran a surplus of 5.35 billion euros up tp May, according... balance up to May showed a surplus of 1.88 billion euros, from a 535 million euros deficit up to May...-March. Tax refunds came to 3.82 billion euros, above target by 1.13 billion euros. Expenditure By May
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Trade deficit falls sharply in May, at 13.41 bln in 5M
EconomyMacroeconomyGreece’s trade deficit dropped sharply by 31.6 percent year-on-year (YoY) in May, after a 6.9... euros for May. Imports totalled 6.47 billion euros, dropping by 14.7 percent YoY. Exports totalled 4.18 billion euros, falling by 1.3 percent. In May last year, the trade deficit was 3.35 billion
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CPI at 5.2% YoY in May as impact of Iran war spreads
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) growth was broadly stable in May with a rise of 5.2 percent...), the CPI was unchanged, from 1.5 percent in the previous month. In May 2025, the CPI was up by 2.5 percent.... The harmonised index of consumer prices (HICP) increased by 4.9 percent annually in May. Month
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Budget continues to perform strongly with 3.64 bln surplus up to May
EconomyMacroeconomyThe budget primary balance landed at a surplus of 3.64 billion euros up to May, according... budget balance up to May showed a surplus of 91 million euros, from a 1.88 billion euros surplus in May 2024. The overall balance is better than the target by 2.27 billion euros. Revenues At 30.2
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Car sales remain strong, rising by 3.3% YoY up to May
EconomyMacroeconomyVehicles going into circulation for the first time had gains of 4 percent year-on-year (YoY) in May...) data released on Tuesday. In May 2025, licences had jumped by 16.3 percent annually. Car sales in May came to 26,897 compared to 26,051 in 2025, a rise of 3.2 percent. Motorcycle licences were up
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Fuels continue to propel drop in trade deficit as May sees 15.7% YoY decline
EconomyMacroeconomyGreece’s trade deficit continued its sharp decline in May with a 15.7 percent year-on-year (YoY.... The deficit came to 1.96 billion euros for May. Imports totalled 7.04 billion euros, up by 7.8 percent YoY. Exports totalled 5.07 billion euros, rising sharply by 20.9 percent. In May last year, the trade
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Building activity eases in May with marginal 0.8% YoY drop
EconomyMacroeconomyBuilding activity went into negative territory in May, with a marginal drop of 0.8 percent year... by the Hellenic Statistical Agency (ELSTAT) on Friday. The total number of permits issued in May reached 2,695, from 2,717 in May 2025. The corresponding surface area saw a rise of 4.2 percent YoY, while
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