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Labour reforms controversy threatens to eclipse autumn support package
PoliticsGreek Politics. The latest Eurostat data found 12.4 pct of Greeks working more than 49 hours per week, while the EU average
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Energy drives 0.5 pct YoY fall in July producer prices as other components rise
EconomyMacroeconomyGreece’s Producer Price Index (PPI) recorded a minor contraction in July, with a drop of 0.5 percent year-on-year (YoY), after an increase of 1.6 percent in June, ELSTAT data showed on Friday. This is the first contraction of the year, following six consecutive positive readings. The index had
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Jobs in education lead negative hiring balance of 20,728 in July
EconomyMacroeconomyGreece’s employment balance was negative in July with 20,728 more departures then hires, according to data from the Labour Ministry’s Ergani information system. The hiring balance in July last year had 34,979 more departures. This led to a year-on-year drop of 14,250 fewer departures. However
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How will Trump's tariffs affect Greece?
Agorain 2024. US Census data, which differs slightly due to nominal, non-seasonally adjusted calculations
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Q2 GDP moderates further to 1.7 pct YoY as households spending slows
EconomyMacroeconomyGreece’s seasonally adjusted (SA) GDP grew modestly in Q2, rising by 0.6 percent quarter-on-quarter (QoQ), from a 0.1 percent increase in Q1, provisional data from the Hellenic Statistical Authority (ELSTAT) revealed on Friday. The Greek economy has been growing continuously QoQ now since Q2 2020
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Mitsotakis delivers major tax-cut package as he seeks to stay course for another term
PoliticsGreek Politicswith an eye on polling data, nor will he pivot to populist giveaways ahead of 2027. Instead, he invoked
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August CPI moderates sligthly to 2.9 pct YoY, rents climb by 10.9 pct
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) decelerated in August with a rise of 2.9 percent year-on-year (YoY), from 3.1 percent in the previous month, according to the data released on Wednesday by the Hellenic Statistical Authority (ELSTAT). The average CPI for the rolling 12-month period was stable
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Car sales record modest rise in August, up 3.3 pct YoY in 8M
EconomyMacroeconomyVehicles going into circulation for the first time dropped by 2.4 percent year-on-year (YoY) in August, after an increase of 2.8 percent in July, according to Hellenic Statistical Authority (ELSTAT) data released on Wednesday. In August 2024, licences had decreased by 5.8 percent annually. Car
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Energy drives import price drop of 2.1 pct YoY in July
EconomyMacroeconomyGreece’s import price index remained in contraction in July, with a drop of 2.1 percent year-on-year (YoY), after a 4.7 percent decline in the previous month, according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday. The index has now been in contraction for six
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Underspend and taxes push primary balance up to Aug 3.77 bln above target
EconomyMacroeconomyThe budget primary balance produced a surplus of 8.7 billion euros up to August, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Monday. The primary balance came in at 3,77 billion euros above the target. Expenditure, excluding interest payments
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