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PM puts cost-of-living crisis front and centre in dry run for election campaign
PoliticsGreek Politicsfor his second term in office. In his Facebook post, Mitsotakis referenced data from the Labour
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Disposable income rises by 10.2 pct in Q3, saving rate also turns positive
EconomyMacroeconomyHousehold disposable income increased by a solid 10.2 percent year-on-year (YoY) in the third quarter (Q3) of 2022, from a 1.7 percent rise in the second quarter (Q2), according to Hellenic Statistical Authority (ELSTAT) data released on Tuesday. The absolute figure was 37.69 billion euros in Q3
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Final budget execution for Dec confirms primary deficit beat target by 1.85 bln
EconomyMacroeconomyThe budget primary balance for the year 2022 came to a deficit of 6.65 billion euros, compared to a deficit of 10.33 billion euros during 2021, according to the final Finance Ministry (MoF) budget execution data for December released on Wednesday. The primary balance beat the latest target by 1.85
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Transparency concerns emerge among voters as leaders clash over wiretapping
PoliticsGreek Politics, Mitsotakis will feel that this poll data justifies his decision to launch a series of thematic press
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Building permits rise by 8.2 pct in Oct, but surface and volume fall sharply
EconomyMacroeconomyBuilding permits in October remained on a growth trend thanks to a rise of 8.2 percent year-on-year (YoY), after an increase of 9.1 percent in September, according to the latest data released by the Hellenic Statistical Agency (ELSAT) on Friday. The total number of permits issued in October reached
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Growth in producer prices slows to 16.5 pct in Dec as energy rise moderates
EconomyMacroeconomyThere was a further slowdown in the pace of Greece’s Producer Price Index (PPI) in December, rising by 16.5 percent year-on-year (YoY), from 26.2 percent in November, ELSTAT data showed on Monday. The index was in negative territory for most of 2020 and up until March 2021, when it grew annually
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Close of 2022 sees softer labour market, with 60,235 fewer jobs
EconomyMacroeconomyGreece’s employment balance moved to positive territory in December, with 8,867 more hires than departures, according to data from the Labour Ministry’s Ergani information system. In October last year, the balance moved into deterioration as there were 115,856 more departures than hires
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Retail sales rise by 12.3 pct YoY in Nov, but volumes barely move
EconomyMacroeconomyThe growth in Greece’s retail sales picked up pace in November, rising by 12.3 percent year-on-year (YoY), from 8 percent growth in October, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday. The corresponding volume index rose by just 0.9 percent annually, as volume reflects
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Loan rates exceed 5 pct in Dec, spread at highest in almost 20 years
EconomyMacroeconomyInterest rates on loans in Greece continued their upward trend that started in the summer, with the weighted average rate on loans climbing to over 5 percent, at 5.06 percent at the end of 2022, according to the latest data released by the Bank of Greece on Thursday. The average of new loans
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Trade deficit records rare drop of 10.6 pct in Dec, widens by 50.7 pct for full year
EconomyMacroeconomyFor the first time in months, Greece’s trade deficit recorded a drop year-on-year (YoY), falling by 10.6 percent at the close of 2022, after a rise of 27.7 percent in November, according to data released by ELSTAT on Tuesday. The deficit came to 2.94 billion euros for December. Imports totalled
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