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July trade deficit of 3 bln takes total to 20.67 bln, up by 65.6 pct YoY
EconomyMacroeconomyThe rise in Greece’s trade deficit slowed down in July, but still increased by a sizable 33.3 percent year-on-year, according to data released by ELSTAT on Wednesday. This came after a 42.7 percent jump in June. The deficit came to virtually 3 billion e...
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Trade deficit of 2.9 bln in Aug takes aggregate to 23.66 bln, up by 60 pct YoY
EconomyMacroeconomyThe rise in Greece’s trade deficit slowed further in August, but increased by a sizable 29.9 percent year-on-year, according to data released by ELSTAT on Friday. This came after a 33.3 percent jump in July. The deficit came to 2.9 billion euros for Aug...
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Higher VAT and income tax takes, with limited spending help budget beat targets in Mar
EconomyMacroeconomyThe budget primary balance in March was confirmed to be a surplus of 3.08 billion euros, compared to a deficit of 1.65 billion euros in the same month of 2022, according to the final Finance Ministry (MoF) budget execution data released on Tuesday. In t...
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Consumer confidence takes off in May as rest of sectors deliver mixed data
EconomyMacroeconomyGreece’s economic sentiment (ESI) recorded a minor drop of 0.6 points in May, falling to 108.1 points, after rising by 1.9 points in April, according to European Commission figures released on Tuesday. Sentiment has been improving in five of the last se...
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Fitch takes no rating action as fiscal continuity remains crucial to investment grade
EconomyMacroeconomyFitch took no action on Friday regarding Greece’s rating, re-affirming the country’s ‘BB+’ and keeping the outlook stable. Buoyed by New Democracy’s landslide win in the June 25 elections, some commentators in Greece were anticipating a possible upgrade...
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PM takes central role as fires continue to rage
PoliticsGreek PoliticsPrime Minister Kyriakos Mitsotakis is trying to put himself front and centre in the government’s response to the ongoing wildfires as questions are being asked again about the level of preparedness for the current fire season and the resources available...
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Economic sentiment improves marginally in Aug, consumer confidence takes 7-point tumble
EconomyMacroeconomyGreece’s economic sentiment (ESI) recorded a 0.7-point rise in August, after a 1-point increase in July, according to European Commission figures released on Wednesday. Sentiment has been improving in nine of the last 10 months, essentially since Octobe...
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Consumer confidence takes 10-point dive in September
EconomyMacroeconomyGreece’s economic sentiment (ESI) recorded a drop of almost 3 points in September to 108 points, after a 0.7-point increase in August, according to European Commission figures released on Thursday. Sentiment had been improving in nine of the last 10 mon...
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Opposition takes aim at cost of living
PoliticsGreek PoliticsWith the cost of living continuing to be named by Greek voters as their top concern, the main opposition party SYRIZA has tabled draft legislation aimed at suppressing inflation and tackling profiteering. The bill, which was submitted to Parliament on M...
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Another strong rise for building activity in Mar takes Q1 to 42 pct YoY
EconomyMacroeconomyThe strong start to the year for building activity continued in March, with a rise of 39.8 percent year-on-year (YoY), after a 77.8 percent increase in February, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Thursday. The...
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