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  1. CPI at 3.1 pct in Apr as food inflation refuses to drop
    Photo by MacroPolis

    EconomyMacroeconomy

    The growth in Greece’s Consumer Price Index (CPI) was essentially unchanged in April, with a rise of 3.1 percent year-on-year (YoY), after an increase of 3.2 percent in March, according to the data released on Tuesday by the Hellenic Statistical Authority (ELSTAT). The average CPI for the rolling

    2%
  2. Import price index up by 1.3 pct YoY in Mar for first rise in 13 months

    EconomyMacroeconomy

    Greece’s import price index resumed growth in March, rising by 1.3 percent year-on-year (YoY), after dropping by 2.8 percent in February, according to data released by the Hellenic Statistical Authority (ELSTAT) on Tuesday. The consecutive negative readings stopped at 13 months as February 2023

    2%
  3. Primary balance at 3.25 bln in Apr, above target thanks to favourable timing
    Photo by MacroPolis

    EconomyMacroeconomy

    The budget primary balance recorded a surplus of 3.25 billion euros in April, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Wednesday. Up to April, the primary balance outperformed by 2.62 billion euros above the target. Expenditure, excluding interest

    2%
  4. Vehicles licences jump by 36.3 pct in Apr thanks to strongest car sales since 2010
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    Road motor vehicles going into circulation for the first time grew by a strong 36.3 percent year-on-year (YoY) in March, after a contraction of 9.2 percent in March, according to Hellenic Statistical Authority (ELSTAT) data released on Thursday. In April 2023, licences had grown by a modest 1.1

    2%
  5. Q1 current account deficit widens to 4.15 bln as exports continue to shrink
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    Greece’s current account recorded a deficit of 2.69 billion euros in March, from a deficit of 3.1 billion euros in February, Bank of Greece (BoG) data showed on Tuesday. In March 2023, the balance showed a deficit of 2.4 billion euros. The Bank of Greece notes that this is mainly due

    2%
  6. Seasonal jobs for chefs, waiters and cleaners propel April hiring balance to highest on record
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    Greece’s employment balance had another strong month in April, with 132,352 more hires than departures, according to data from the Labour Ministry’s Ergani information system. The hiring balance in April last year saw 123,059 more hires, a year-on-year improvement of 9,273 jobs. April’s balance

    2%
  7. From pipe dreams to power cables: the changing map of Greece's energy ambitions
    Photo via https://flic.kr/p/bwZLC3

    Agora

    the assumption of cross-border demand is remains to be seen, with 2023 data suggesting

    2%
  8. Q1 travel receipts point to bumper tourism season, balance up 25 pct
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece's travel balance recorded a surplus of 136.6 million euros in March, compared to 111.7 million euros in February, according to data released by the Bank of Greece (BoG) on Wednesday. March's balance was 11.5 percent higher than the 122.5 million euros recorded in March 2023. In March 2022

    2%
  9. Party leaders dispute response to cost-of-living crisis

    PoliticsGreek Politics

    the government argued that inflation was imported but that this is no longer backed up by CPI data, especially

    2%
  10. Primary surplus of 3.28 bln confirmed for Apr as timing and taxes support budget
    Finance Ministry

    EconomyMacroeconomy

    The budget primary balance was confirmed at a surplus of close to 3.28 billion euros in April, compared to a surplus of 2.44 billion euros in the same month of 2023, according to the final Finance Ministry (MoF) budget execution data released on Monday. In April, the budget primary balance

    2%