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Trade deficit soars by 71.6 pct in H1, reaching 17.59 bln
EconomyMacroeconomyThe rise in Greece’s trade deficit slowed down in June, but still increased by a sizable 42.7 percent year-on-year, according to data released by ELSTAT on Friday. This came after an 84.7 percent jump in May. The deficit came to 2.84 billion euros for June. Imports totalled 8.26 billion euros
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PM prepares response as pressure over spying scandal mounts
PoliticsGreek Politicsas “it will contain sensitive personal data.” This was interpreted by PASOK and others as an attempt to blackmail
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Inflation slows to 11.6 pct in July as housing and transport costs rise sharply
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) remained at record high levels in July, rising by 11.6 percent year-on-year, though it did slow down from the 12.1 percent seen in June, according to the data released on Monday by the Hellenic Statistical Authority (ELSTAT). The average CPI for the rolling
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Vehicle sales record back-to-back annual drop of 2.7 pct in July
EconomyMacroeconomyThe rise in road motor vehicles going into circulation for the first time stayed broadly unchanged in July, rising by 2.3 percent year-on-year (YoY), following 2 percent growth in June, according to Hellenic Statistical Authority (ELSTAT) data released on Thursday. In July 2021, the year-on-year
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Import price rise slows to 32.8 pct in June, index posts first MoM drop since Nov
EconomyMacroeconomyGreece’s import price index grew at a solid pace in June, recording a rise of 32.8 percent year-on-year (YoY), according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday. The index has been slowing down for three months in a row, with rises of 37.7 percent in May, and 39.1
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Budget primary balance beats target by 4.64 bln in July on back of impressive tax performance
EconomyMacroeconomyThe budget primary balance up to July 2022 came to a deficit of 1.17 billion euros, compared to a deficit of 9.06 billion euros in the same period last year, according to the preliminary Finance Ministry (MoF) budget execution data released on Tuesday. The primary balance beat the target by 4.64
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Tourism shrinks June current account deficit, but goods deficit shoots up in H1
EconomyMacroeconomyGreece posted a current account (C/A) deficit of 722.9 million euros in June, from a 2-billion-euro deficit in May, Bank of Greece (BoG) data showed on Friday. In June 2021, the balance showed a deficit of 1.31 billion euros, while in June 2020 the current account posted a deficit of 1.41 billion
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Despite seasonal recruitment in accommodation and catering, hiring balance slows to 2,999 in July
EconomyMacroeconomyGreece’s employment balance slowed down in July with 2,999 more hires than departures, according to data from the Labour Ministry’s Ergani information system. In June there were 19,113 more hires than departures, while there was a significant slowdown from the figure of 24,395 of July last year
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VAT, income taxes lead budget outperformance as primary balance deficit eases to 1.16 bln in Jul
EconomyMacroeconomyThe budget primary balance for the seven months of 2022 came to a deficit of 1.16 billion euros, compared to a deficit of 9.06 billion euros during the same period last year, according to the final Finance Ministry (MoF) budget execution data released on Thursday. The primary balance beat
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Subdued start for building activity as permits record back-to-back drop in May
EconomyMacroeconomyThe decline in building permits slowed in May, falling by just 0.4 percent year-on-year (YoY), after a 10 percent decline in April, according to the latest data released by the Hellenic Statistical Agency (ELSAT) on Tuesday. This is the second contraction since February 2021, when it had dropped
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