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Building permits decrease by 3.2 pct in February
EconomyMacroeconomyBuilding permits decreased by 3.2 percent year-on-year (YoY) in February after an increase of 6.4... in western Macedonia, with 15 permits. During the first two months of the year, building permits... turning positive to 5.1 points. Compared to the same month last year, construction confidence has
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Apartment prices rise 3.2 pct in Q1
EconomyMacroeconomyThe rise in the nominal value of apartments in Greece came to 3.2 percent year-on-year (YoY) in the first quarter (Q1) of 2021 from a revised increase of 2.5 percent in Q4 2020, Bank of Greece (BoG... decreased by 3.2 percent year-on-year (YoY) in February after an increase of 6.4 percent seen
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IMF raises outlook on Greek debt sustainability to merely 'uncertain'
Economy. Overall, the IMF’s view has not substantially changed on Greece after more than one year... concessional terms to market rates. The IMF sees the Greek economy growing by 3.3 pct this year and 5.4 pct in 2022, roughly half a percentage points lower than the finance ministry’s forecast for each year
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Industrial turnover jumps by 52.5 pct in April on base effects
EconomyMacroeconomyGreece’s industrial turnover rose 52.5 percent from a year earlier in April, compared... decreases. The increase in April this year was the result of a 52.8 percent rise in manufacturing... sharply by 12.9 points to 7.1 points, turning positive for the first time in months. Year-on-year
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Labour compensation and productivity in the EU-27 and Greece
Agora. Consider Figures 1a and 1b below. These show the productivity in real euros (reference year 2015... hour worked in 2020. In the private sector the increase has been 1.4 percent a year, and in the government sector the increase has been 0.1 percent a year. The dip in the Great Recession of 2009-2010
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Covid rears its head again as ND reaches halfway point in tenure
PoliticsGreek Politicsthe halfway point in its two-year term in office, the unofficial performance reviews being conducted.... An interview Mitsotakis gave to Kathimerini to mark the two-year anniversary of his election win..., SYRIZA in particular, for encouraging people to take part in public protests earlier this year. He
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Pandemic surge creates fresh political and economic doubts
PoliticsGreek Politicsconfidence in the government’s handling of the situation has fallen significantly since last year... that the Greek tourism sector now expects this year’s takings to reach 30 to 35 pct of 2019, which is slightly higher than last year (about 2 bln euros more) but way down on what had been expected until
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Trade deficit widens by 43.9 pct in May as imports soar
EconomyMacroeconomyGreece’s trade deficit rose by 43.9 percent year-on-year (YoY) in May, following a rise of 70.7..., recording an increase of 51.1 percent compared with the same month last year. A breakdown of the figures... five months of the year showed that the trade deficit increased by 10.3 percent, bringing the total
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Industrial turnover jumps by 37 pct in May on base effects
EconomyMacroeconomyGreece’s industrial turnover rose 37 percent from a year earlier in May, compared with a revised... in May this year was the result of a 37.4 percent rise in manufacturing revenue and a 10.3 percent... for the first time in months. Year-on-year, industry confidence has jumped by 21.1 points, albeit from
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University exam results stir political differences as entrance numbers drop
PoliticsGreek Politicswill fall by more than 20 pct this year. New Democracy added that the outcome of the exams was a success... applicants were left without a place in higher education. This year, 40,229 of the 103,468... education clearing system for the first time this year. Kerameus implied that the combination
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