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  1. Property prices rise by 9.4 pct in Q2, close to all-time high
    By Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    The rise in the nominal value of apartments in Greece remained strong in Q2 of this year, rising by 9.4 percent year-on-year (YoY), from an upwards revised 9.3 percent in Q1 2021, Bank of Greece (BoG) data released on Thursday showed. Q4 2021 saw the highest annual increase in property prices

    2%

  2. Newsletter 351 - 16/09/2022

    Newsletters

    . The underlying data is also encouraging as the unemployed are not persistently below the 600,000, when

    2%

  3. Tax overperformance continues in Aug, as budget balance beats target by close to 6 bln
    Finance Ministry

    EconomyMacroeconomy

    The budget primary balance up to August 2022 came to a small surplus of 10 million euros, compared to a deficit of 6.38 billion euros in the same period last year, according to the preliminary Finance Ministry (MoF) budget execution data released on Friday. The primary balance beat the target

    2%

  4. Despite boost from travel, current account deficit hits 9.74 bln in Jul, up 43 pct YoY
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    Greece posted a current account (C/A) surplus of 1.1 billion euros in July, from a deficit of 722.9 million euros in June, Bank of Greece (BoG) data showed on Tuesday. In July 2021, the balance showed a surplus of 570.3 million euros, while in July 2020 the current account posted a deficit of 782.4

    2%

  5. Yields rise, but Greek debt still partly shielded from market headwinds
    Photo by MacroPolis

    Economy

    Instrument, whose activation and modalities remain rather vague. According to data presented by the ECB

    2%

  6. Tourism jobs tumble in Aug, ending 6-month run of positive hirings balance
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s employment balance moved into deep negative territory in August as there were 32,966 more departures than hires, according to data from the Labour Ministry’s Ergani information system. In July there were 2,999 more hires than departures, while there was a significant acceleration

    2%

  7. Budget primary balance to Aug beats target by almost 6 bln as VAT, income and property taxes drive revenue outperformance
    Photo by MacroPolis

    EconomyMacroeconomy

    The budget primary balance for the first eight months of 2022 came to a small surplus of 20 million euros, compared to a deficit of 6.38 billion euros during the same period last year, according to the final Finance Ministry (MoF) budget execution data released on Monday. The primary balance beat

    2%

  8. Cost-of-living, surveillance developments encourage ND to target majority in 2023
    Image: www.primeminister.gr

    PoliticsGreek Politics

    to announce this week the construction of another data centre in Greece. The centre-right party will use

    2%

  9. Building permits turn positive in June, but rise for H1 settles at just 1.3 pct YoY

    EconomyMacroeconomy

    There was a reversal of the recent decline in building permits in June as the number of licences issued rose by 3 percent year-on-year (YoY), after falling by 0.4 percent in May, according to the latest data released by the Hellenic Statistical Agency (ELSAT) on Wednesday. The total number

    2%

  10. Producer prices up by 39.5 pct in Aug, reversing trend of monthly drops
    Image via www.viohalco.com

    EconomyMacroeconomy

    The pace of Greece’s Producer Price Index (PPI) annual growth accelerated once again, with another solid rise of 39.5 percent year-on-year in August, from 35.6 percent in July, ELSTAT data said on Friday. The index was in negative territory for most of 2020, and up until March 2021, when it grew

    2%