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Newsletter 320 - 10/12/2021
euros. During the first nine months (9M) of the year, GDP came to 135.86 billion euros, up by 8.9 pct... by firms and households, continued edging up as a percent of GDP at 12.6 pct in Q3, from 12.2 pct in Q2... the value of oil products and ships, the aggregate deficit was up by 23.3 percent, at 17.87 billion
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Nov budget data confirms tax revenue outperformance at 784 mln
EconomyMacroeconomyThe budget primary balance recorded a deficit of 7.88 billion euros up to November 2021, compared... euros above the revised target. The budget balance up to November recorded a deficit of 12.27 billion... categories outperformed up to the November period with corporate income tax above target by 117
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CPI rise of 5.1 pct in Dec highest since 2011 as electricity, gas and heating oil drive price hikes
EconomyMacroeconomy, electricity was up 45 percent annually and natural gas shot up by 135.7 percent. Heating oil also moved strongly with a rise of 34.1 percent. The sub-indices for goods were up by 5.4 percent in December, services were up by 4.8 percent and the core index, which excludes volatile items like energy and food
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Rising yields, market turbulence limit government's fiscal options
Economyas a necessary condition for bringing public debt downward and for the country to move up... from the reinvestment programme. Despite an initial sigh of relief, yields closed the year on the up... closed the year at 1.31 pct. The effects are being felt across the yield curve, with maturities up to 10
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Greece voices support for Ukraine as govt counts cost of war's impact on economy, public finances
PoliticsGreek Politicsinflation, even as fuel approaches 2 euros per litre and heating oil is up 38 pct year-on-year... that the government would make up to 3 billion euros available from the Transition Fund to subsidise bills. Of this, 1.5 billion will come from emission auctions and the rest from the fund’s surplus. Up to January
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Newsletter 330 - 04/03/2022
of Ukraine but insisted that by providing arms, Greece was giving up its ability to help be part... index of prices that it monitors, which pushed up for Greece to 6.3 pct in February, from 5.5 pct... 7 pct. The producer price index in industry released by ELSTAT this week for January shot up to 31.6
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Govt weighs escalating impact of Ukraine war on public finances
PoliticsGreek PoliticsThe government is racing to keep up with estimates of the impact of war in Ukraine on the budget... in and subsidise bills, which so far has been done out of the resources of the newly set-up energy... has strongly suggested it will pay vulnerable households in the run-up to Easter. All eyes are now
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Growth of trade deficit slows in Mar, Q1 rise reaches 79 pct
EconomyMacroeconomyproducts and ships, the aggregate deficit was up by 47.9 percent, at 5.81 billion euros. Up to March, imports from EU countries were up by 21.3 percent to 9.04 billion euros, while imports from non-EU markets were up 81.4 percent at 11.03 billion euros. Exports to EU countries increased 35.8 percent
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Mitsotakis underlines geopolitical and ideological links between Greece and US
PoliticsGreek Politicswrapped up his visit to Washington, following up his meeting with US President Joe Biden on Monday... to stop. Mitsotakis wrapped up the Turkey issue within the question of stability on NATO’s... their energy sources. He followed that up by setting out Greece’s plans to expand interconnections
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Early summer fire highlights precariousness of snap election option
PoliticsGreek Politicsthe summer might destroy any plans to hold snap elections in the autumn. Up to 4,000 residents were... last year was 10 times higher than in 2020 and that not enough has been done to form an up-to-date.... The most common concern, by far, was the cost of living: 59 pct of respondents, up by 5 points
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