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Newsletter 346 - 15/07/2022
PoliticsParties turn up the heat regardless of election dateAlthough the recent comments by Prime... New Democracy Party and its rivals stepped up the intensity of their political tussle this week... of the year, as well as increasing pensions in 2023, by up to 5 pct, for the first time in more than
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Monthly and volume retail sales data shrink in May, reflecting cost-of-living crisis
EconomyMacroeconomysales and leading up to Easter last year. On a monthly basis, the seasonally adjusted index decreased... 2021, automotive fuel was up 27.2 percent, non-food was up by 0.6 percent and food sales were up by 1.4 percent. Aside from fuels, solid growth was seen in furniture and electrical equipment, up by 11.8
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Trade deficit soars by 71.6 pct in H1, reaching 17.59 bln
EconomyMacroeconomywas up by 50.1 percent, at 12.88 billion euros. Up to June, imports from EU countries were up by 23.3 percent to 19.37 billion euros, while imports from non-EU markets were up by 84.3 percent at 24.24... exports were up by 40.4 percent at 11.91 billion euros.
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Quarterly GDP growth slows to 1.2 pct in Q2 as investments shrink and imports rise
EconomyMacroeconomyand government spending was up by 1.4 percent. Investment shrank by 1 percent. Exports increased..., while investments also jumped by 8.7 percent. Household spending was up by 11 percent YoY, while government spending was up by a more modest 0.8 percent annually. Export growth of 20.8 percent was led
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Opposition parties reject official conclusions of surveillance inquiry
PoliticsGreek Politicsdirectly contradicting the official conclusions and accusing the New Democracy of a cover-up. Few... by the minority parties refer to a government cover-up and unlawful activity by persons colluding to arrange... of a “double scandal”, accusing the government of a cover-up whose purpose was to shield the prime
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Import price growth accelerates to 32 pct, food imports indicate significant price rise
EconomyMacroeconomyGreece’s import price index grew strongly in August by 32 percent year-on-year, picking up pace... by manufacture of refined oil products up by 76.2 percent and extraction of crude oil and natural gas...-durable consumer goods at 7 percent. Capital goods were up by 6.2 percent and durable goods up by 2.7
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PM rides into new, bigger storm after publication of phonetapping list
PoliticsGreek Politicsbeen whipped up by the publication on Sunday, although it was leaked online a day earlier... evidence to back up the claims that those on the list, including Foreign Minister Nikos Dendias, Finance... malleable. The impression given by the information published Documento is not that Mitsotakis set up
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Budget sees Greece outdoing peers with 1.8 pct growth, 0.7 pct primary surplus in 2023
EconomyMacroeconomyby higher tax revenues of close to 2 billion euros at 56.75 billion euros. Taxes are up by 1 billion euros with VAT up by 800 million euros and special consumption taxes up by 50 billion. Income taxes are also seen rising by 1 billion euros, mostly thanks to corporate taxation up by 700 million euros
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Trade deficit worst since 2008 as 10M figure sees 63.2 pct rise
EconomyMacroeconomyand ships, the aggregate deficit was up by 39.1 percent, at 21.63 billion euros. Up to October, imports from EU countries were up by 20.5 percent to 32.69 billion euros, while imports from non-EU markets were up by 79.3 percent at 44.04 billion euros. Exports to EU countries increased 40.8 percent
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ND tries to swerve fresh graft claims as EP scandals, phonetapping hang over budget debate
PoliticsGreek Politicsto cover it up. Prime Minister Mitsotakis has been using the Kaili scandal to try and turn the tables... that he no longer knows what to cover up first”. The party also claims that it had immediately called... at the announcement of a new support package in the run-up to the vote on Saturday afternoon, the left
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