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Industrial production back in negative territory for Sep as electricity supply drops sharply
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) dropped into negative territory in September, falling by 1.1 percent year-on-year (YoY), after growing by 4.4 percent in the previous month, according to Hellenic Statistical Authority (ELSTAT) data released on Thursday. This is the third negative print so
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Car sales growth slows to 2.4 pct in Oct, taking 10-month rise to 4.5 pct
EconomyMacroeconomyThe rise in road motor vehicles going into circulation for the first time slowed down further in October, rising by 2.4 percent year-on-year (YoY), from 4.7 percent in September, according to Hellenic Statistical Authority (ELSTAT) data released on Thursday. In October 2021, the year-on-year change
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Import price index up by 24.2 pct in Sep, as energy rises 48.6 pct
EconomyMacroeconomyGreece’s import price index slowed down its pace in September, rising by 24.2 percent year-on-year (YoY), from 32 percent in August, according to data released by the Hellenic Statistical Authority (ELSTAT) on Tuesday. The index peaked in April with a 39.1 percent rise and has now recorded three
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Budget primary balance continues strong performance in Oct, ahead of target by 6.4 bln
EconomyMacroeconomyThe budget primary balance up to October 2022 came to a small deficit of 349 million euros, compared to a deficit of 7.18 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
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Job market slows this year as 67,202 fewer jobs created up to Oct
EconomyMacroeconomyGreece’s employment balance went into deep negative territory in October as there were 115,856 more departures than hires in the labour market, according to data from the Labour Ministry’s Ergani information system. In September, the balance had turned positive with 26,238 more hires than
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Podcast - Greece's surveillance scandal: Is anybody listening?
Agora-the-phone-data-that-triggered-developments/ Agora Podcast... committee https://www.europarl.europa.eu/committees/en/pega/home/highlights https://www.europarl.europa.eu/committees/en/pega-findings/product-details/20221114CAN67684 RSF https://rsf.org/en/greek
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Travel receipts almost double, but current account deficit rises by 78 pct in 9M
EconomyMacroeconomyGreece posted a current account (C/A) deficit of 811.4 million euros in September, from a surplus of 449.1 million euros in August, Bank of Greece (BoG) data showed on Monday. In September 2021, the balance showed a deficit of 296.3 million euros, while in September 2020 the current account posted
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Final budget for Oct affirms new targets and tax outperformance
EconomyMacroeconomyThe budget primary balance for the ten months of 2022 came to a deficit of 350 million euros, compared to a deficit of 7.18 billion euros during the same period last year, according to the final Finance Ministry (MoF) budget execution data released on Friday. As is the standard practice, once
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Building activity back to growth in Aug, but year-to date remains subdued
EconomyMacroeconomyBuilding permits growth in August resumed the growth trajectory with a rise of 12.6 percent year-on-year (YoY), after dropping by 2.3 percent in July, according to the latest data released by the Hellenic Statistical Agency (ELSAT) on Monday. The total number of permits issued in August reached
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Property price rise accelerates in Q3 with 11.2 pct increase
EconomyMacroeconomyThe increase in the nominal value of apartments in Greece remained on a solid footing in Q3 of this year, rising by 11.2 percent year-on-year (YoY), from an upwards revised 10.1 percent in Q2, Bank of Greece (BoG) data released on Tuesday showed. The latest figure is the highest since before
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