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Hotel and restaurant jobs keep hiring balance positive in Feb
EconomyMacroeconomyGreece’s employment balance was positive in February, with 24,543 more hires than departures, according to data from the Labour Ministry’s Ergani information system. The hiring balance in February last year saw 23,186 more hires, a year-on-year improvement of 1,357 jobs. Total hirings in February
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Inequality rises marginally in 2023, with 1.9 mln Greeks at risk of poverty
Societysignificantly since 2015, from 8,682 euros annually to 11,546 euros in the latest survey. The latest data
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Mitsotakis limps into party conference looking to rally ND for EP elections
PoliticsGreek Politicslead over its rivals is still significant, a closer look at the polling data shows that support
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CPI accelerates again in March, rising by 3.2 pct YoY and 1.5 pct MoM
EconomyMacroeconomyThe growth in Greece’s Consumer Price Index (CPI) increased marginally in March, with a rise of 3.2 percent year-on-year (YoY), after an increase of 2.9 percent in February, according to the data released on Wednesday by the Hellenic Statistical Authority (ELSTAT). The average CPI for the rolling
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Kasselakis launches EP election campaign with all-out attack on Mitsotakis and ND
PoliticsGreek Politicsof voter data to an ND candidate, and economic figures which he said called into question the government’s
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Industrial Production growth slows to 1.6 pct YoY in Feb as electricity supply drops
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) slowed down significantly in February, growing by 1.6 percent year-on-year (YoY), after a solid 10.2 percent rise in the previous month, according to Hellenic Statistical Authority (ELSTAT) data released on Wednesday. After three consecutive drops
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Car sales contract in March, up 4 pct YoY in Q1
EconomyMacroeconomyRoad motor vehicles going into circulation for the first time contracted by 9.2 percent year-on-year (YoY) in March, after a strong growth rate of 21.2 percent in February, according to Hellenic Statistical Authority (ELSTAT) data released on Wednesday. In March 2023, licences had jumped by 31.3
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Import price drop slows further to 2.8 pct in Feb
EconomyMacroeconomyGreece’s import price index remained in contraction in February, falling by 2.8 percent year-on-year (YoY), after dropping by 6.4 percent in January, according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday. The consecutive negative readings now stretch back for 13 months
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Budget outperforms in Mar, delivers 2.95 bln primary surplus thanks to strong tax collection
EconomyMacroeconomyThe budget primary balance recorded a surplus of 2.95 billion euros in March, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Monday. In March, the primary balance outperformed by 822 million euros above the target. Expenditure, excluding interest
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Current account records sharp deficit of 3.16 bln in Feb as goods balance deteriorates
EconomyMacroeconomyGreece’s current account recorded a deficit of 3.16 billion euros in February, from a surplus of 1.7 billion euros in January, Bank of Greece (BoG) data showed on Friday. In February 2023, the balance showed a deficit of 1.34 billion euros. The Bank of Greece notes that this is mainly due
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