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Kasselakis sets sights on government over cost of living
PoliticsGreek Politicsare getting poorer; that’s how we got the investment grade.” His comments came as data published
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Solid revenues, contained spending lead to primary balance beating target by 2 bln in Nov
EconomyMacroeconomyThe budget primary balance came to a surplus of 5.85 billion euros in November, compared to a deficit of 1.09 billion euros in the same period of 2022, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Tuesday. In the eleven months of the year, the primary
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Industrial turnover drops by 2.1 pct YoY in Oct due to foreign markets and manufacturing
EconomyMacroeconomyGreece’s industrial turnover stayed in contraction in October, but at a slower pace in as it dropped by 2.1 percent year-on-year (YoY), from a 5.1 percent decrease in September, according to data released by the Hellenic Statistical Authority (ELSTAT) on Wednesday. This is the seventh successive
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Current account deficit to Oct plunges to 8.7 bln as energy impact eases and imports drop
EconomyMacroeconomyGreece’s current account recorded a deficit of 1.45 billion euros in October, from a deficit of 404.3 million euros in September, Bank of Greece (BoG) data showed on Thursday. In October 2022, the balance showed a deficit of 2.71 billion euros, while in October 2021 the current account posted
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Travel receipts of 19.61 bln up to Oct set new record as arrivals soar by 17 pct to over 30 mln
EconomyMacroeconomyGreece’s travel balance recorded a surplus of 1.5 billion euros in October, from 3.03 billion euros in September, according to Bank of Greece (BoG) data released on Friday. October’s balance was 10.8 percent higher than the 1.35 billion euros registered in October 2022. The balance in October 2021
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Primary surplus confirmed at 5.83 bln in Nov on back of spending under-execution
EconomyMacroeconomyThe budget primary balance in November was confirmed at a surplus of 5.83 billion euros, compared to a deficit of 1.09 billion euros in the same month of 2022, according to the final Finance Ministry (MoF) budget execution data released on Wednesday. In the eleven months of the year, the budget
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Building activity returns to growth in Sep, up 9 pct in 9M
EconomyMacroeconomyBuilding permits returned to growth in September, rising by 6.2 percent year-on-year (YoY), after a drop of 4 percent in August, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Thursday. Permits have been growing annually this year except in February, which saw
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Retail sales barely move in Oct, collapse in volumes accelerates
EconomyMacroeconomyGreece’s retail sales barely stayed on positive ground in October, with a rise of 0.1 percent year-on-year (YoY), after a 3.3-percent rise in September, Hellenic Statistical Authority (ELSTAT) data showed on Friday. The corresponding volume index recorded a drop of 6.3 percent. Sales volumes have
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Energy fuels producer price fall of 8.9 pct in Nov, but non-durable consumer goods keep rising
EconomyMacroeconomyGreece’s Producer Price Index (PPI) contracted for the ninth successive month in November, dropping by 8.9 percent year-on-year (YoY), after falling sharply by 13.5 percent in October, ELSTAT data showed on Friday. The index had been growing over a two-year period since March 2021, before it turned
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Greek manufacturing PMI at 51.3 pts in Dec, nearing a year of expansion
EconomyMacroeconomyGreece’s Manufacturing PMI experienced marginal gains in December, remaining in expansion territory and rising to 51.3 points from 50.9 points in November, according to S&P Global data released on Monday. The conditions in the Greek manufacturing sector have been improving for nearly one year
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