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  1. Return to investment grade overshadowed by flood destruction

    Economy

    farming in the country. The same data from ELSTAT, shows that Central Greece offered in 2020 3.26 billion

    2%

  2. Vehicle sales rise 8.3 pct YoY in Aug, led by new passenger cars
    Photo by MacroPolis

    EconomyMacroeconomy

    Road motor vehicles going into circulation for the first time grew by 12.3 percent year-on-year (YoY) in August, after a 9.2 percent rise in July, according to Hellenic Statistical Authority (ELSTAT) data released on Tuesday. In August 2022, the year-on-year change was a 19.1 percent rise. Car

    2%

  3. Apartment prices rise in Q2 by a strong 13.9 pct YoY despite slight slowdown
    Photo by MacroPolis

    EconomyMacroeconomy

    The growth in the nominal value of apartments in Greece remained on a stolid path in Q2 2023, increasing by 13.9 percent year-on-year (YoY) from an upwards revised 15 percent in Q1 2023, Bank of Greece (BoG) data released on Tuesday showed. This is a slight slowdown from the peak of Q1 2023

    2%

  4. Workers lost almost 9 pct of real income last year, research shows
    By Panayotis Tzamaros/Fosphotos

    Society

    is under 10 pct. In the EU, the latest data for 2020 was just above 10 pct for families

    2%

  5. Import prices dropped by 14.4 pct YoY in Jul, although energy segments rose MoM

    EconomyMacroeconomy

    The contraction of Greece’s import price index continued in July, falling by 14.4 percent year-on-year (YoY) after dropping by 19.4 percent in June, according to data released by the Hellenic Statistical Authority (ELSTAT) on Thursday. This is the sixth consecutive negative reading. February

    2%

  6. Tax revenues continue to outperform in Aug, as ministry explains frugal approach
    Finance Ministry

    EconomyMacroeconomy

    The budget primary balance came to a surplus of 5.59 billion euros in August, compared to a surplus of 19 million euros in the same period of 2022, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Monday. In the first eight months of the year, the budget

    2%

  7. Current account deficit shrinks to 7 bln in 7 months as energy and imports ease
    Photo by Håkan Dahlström via Flickr https://flic.kr/p/5MQQVH

    EconomyMacroeconomy

    Greece’s current account produced a surplus of 827.5 million euros in July, from a deficit of 638.2 million euros in June, Bank of Greece (BoG) data showed on Wednesday. In July 2022, the balance showed a surplus of 962.7 million euros, while in July 2021 the current account posted a surplus

    2%

  8. Industrial turnover drops by 10.2 pct in Jul, driven by foreign markets and manufacturing

    EconomyMacroeconomy

    Greece’s industrial turnover remained in contraction in July, dropping by 10.2 percent year-on-year (YoY), from a 16.3 percent decrease in June, according to data released by the Hellenic Statistical Authority (ELSTAT) on Wednesday. This is the fourth successive annual drop, something not seen

    2%

  9. Agriculture output prices jump 28.7 pct YoY in Jul, despite input costs falling

    EconomyMacroeconomy

    The output index in agriculture recorded an increase of 28.7 percent year-on-year (YoY) in July, from 30.6 percent in the previous month, ELSTAT data showed last week, underlining the challenge households are facing with respect to food prices. Agriculture and Livestock output prices have been

    2%

  10. Controversial labour law set to usher in radical changes to employment practices
    Photo by Panayiotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    practices by employers. It cited data showing that Greek workers have the longest average working week

    2%