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Greek trade deficit increases by 14.7 pct in March
EconomyMacroeconomyGreece’s trade deficit continued heading north for the second successive month rising by 14.7 percent in March, according to the Hellenic Statistical Authority (ELSTAT). The first quarter (Q1) figure also shows that the trade deficit increased by 3.1 pe...
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Greek economic sentiment for May at highest point since August 2008
EconomyMacroeconomyGreece’s economic sentiment improved by 3.7 points to 99.1 in May, after falling by 2.1 points in April, according to the European Commission (EC). The headline figure reached a low of 74.8 points in March 2009, and hovered between 75 – 90 points until ...
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Data for May shows Greek PMI in growth territory for second straight month
EconomyMacroeconomyGreece’s Manufacturing PMI remained above the 50-point mark, which separates growth from contraction, for the second straight month in May, albeit marginally easing by 0.1 points to 51.0, according to Markit. This was the fourth reading so far in 2014 f...
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Greek Q1 unemployment remains at record quarterly high of 27.8 pct
EconomyMacroeconomyThe non-seasonally-adjusted unemployment rate remained unchanged quarter on quarter in Q1 of this year at 27.8 percent in Q1 but rose slightly from the 27.6 percent posted in Q1 2013, according to the Hellenic Statistical Authority (ELSTAT). The lack of...
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Two years on, Greek government ready to give up on higher heating fuel tax
PoliticsGreek PoliticsTwo years after the government decided to implement a contentious increase of 440 percent in the excise tax on heating oil, data produced by Greece’s General Accounting Office (GAO) has shown that the measure was largely fruitless. The tax rise was intr...
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Greek primary budget surplus at 707 mln as revenues beat target in May
EconomyGreece’s budget execution showed a primary surplus of 707 million euros in the 5-month period from a primary deficit of 970 million in the corresponding period last year, according to the final data released by the Ministry of Finance (MoF) on Tuesday. ...
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Greek economic sentiment breaks through 100-point mark for first time since 2008
EconomyMacroeconomyGreece’s economic sentiment improved by another 4.6 points in June to reach 103.7, May, according to the European Commission (EC). June figure surpassed the 100-point mark for the first time since August 2008 and is the highest reading since April 2008....
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Decline in Greek CPI slows to 1.1 pct in June after sharper fall in May
EconomyMacroeconomyThe Consumer Price Index (CPI) fell 1.1 percent in June, decelerating from the 2 percent drop in May, the Hellenic Statistical Authority (ELSTAT) said on Wednesday. The monthly evolution shows the CPI rose 0.6 percent month on month, primarily attribute...
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Greek jobless rate remains stuck at 27.3 pct for third month
EconomyThe seasonally adjusted jobless rate remained unchanged for the third successive month at 27.3 percent in April, according to the Hellenic Statistical Agency (ELSTAT). Although the headline figure shows a downward trend since its peak at 27.9 percent in...
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DIMAR imploding and leaving gap in Greek center left
PoliticsGreek PoliticsDemocratic Left (DIMAR), once the junior partner in a three-party governing coalition, is in danger of complete collapse after losing two more MPs, who took parting shots at its leader Fotis Kouvelis, on Thursday. DIMAR's decision to quit the government...
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