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Drop in Greek CPI decelerated to 1.1 pct in September
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) remained on negative ground in September, easing by 1.1 percent compared to a 1.3-percent drop recorded in August. On a monthly basis, CPI rose by 2.6 percent, while the average rate of CPI change over the trailing tw...
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Ministry of Finance - 2014 Budget (In Greek)
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Greek trade deficit narrowed 11 pct in 2013 but exports marginally negative
EconomyMacroeconomyGreece’s trade deficit narrowed 2.1 percent to 1.4 billion euros in December, while the respective figure for 2013 fell 11 percent to 19.34 billion, according to the Hellenic Statistical Authority (ELSTAT). The change to December shows a continued decel...
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December fails to boost Greek retail sector: Sales fell by 6.7 pct
EconomyGreece’s retail trade index fell by 6.7 percent in December in terms of turnover and was down by 6.1 percent as far as volume is concerned, according to data published by the Hellenic Statistical Agency (ELSTAT) on Friday. During the crisis household co...
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Greek jobless rate dips to 27.5 pct in Dec but inactive population growing
EconomyThe seasonally adjusted jobless rate slightly eased to 27.5 percent in December from a downwards revised 27.6 percent the previous month, according to the Hellenic Statistical Agency (ELSTAT). The September rate of 27.8 percent now holds the new high. T...
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Divisions on center left blight launch of Greek Olive Tree alliance
PoliticsGreek PoliticsAn attempt to unit Greece’s centre left under the umbrella of the “Olive Tree” alliance was launched in earnest over the weekend but rather then promoting unity among social democrats it served to highlight their divisions. The Olive Tree was meant to b...
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Drop in Greek industry's turnover index slowed to 4.1 pct in Jan
EconomyThe drop in Turnover Index in Industry decelerated to 4.1 percent in January from a double-digit decline in the preceding three months, according to the Hellenic Statistical Authority (ELSTAT). The headline figure continued heading south for the fifth s...
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Greek trade deficit narrowed 15.4 pct in January
EconomyMacroeconomyGreece’s trade deficit narrowed 15.4 percent to 1.62 billion euros in January, according to the Hellenic Statistical Authority (ELSTAT). The drop in January shows an accelerated trend compared the decline of up to 6 percent recorded in the preceding thr...
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IMF recognises Greek 2013 surplus, sees less burdensome financing needs
EconomyIn its updated Fiscal Monitor report published on Wednesday, the International Monetary Fund confirms Greece achieved a general government (gg) primary surplus of 1.5 percent of GDP in 2013. In October 2013, the IMF forecasted a zero primary balance for...
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Greek trade deficit up 12.6 pct in Feb as imports rise
EconomyMacroeconomyGreece’s trade deficit rose 12.6 percent to 1.99 billion euros in February, resuming an upward trend for the first time since September 2013, according to the Hellenic Statistical Authority (ELSTAT). Nevertheless, the 2-month figure eased 2.4 percent to...
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