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Data for total revenues in Q2 reflects recovery from end of lockdown
EconomyMacroeconomybillion euros, up by 29.4 pct year-on-year (YoY). ELSTAT has been monitoring the impact of the pandemic... to 33.68 billion euros, up 28.4 pct YoY, followed by manufacturing, which jumped by 37.6 pct YoY to 17.98..., up by 22.4 pct YoY. Wholesale and retail sales came to 9.15 billion euros, up by 22.4 pct
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About-turn over ministry post undermines impact of PM's reshuffle
PoliticsGreek Politicsdecision not to take up the new post overshadowed what was a fairly limited shakeup... tried to get one up on his political rival by including a former SYRIZA minister in his cabinet... if this assessment is taken at face value, the government is currently made up of 56 ministers and deputy
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From the National Energy and Climate Plan to COP26: What has Greek climate policy learned?
Societylignite generators lined up for closure by 2023. The strategy referred to as “de-lignitisation” has... had to come up with over 600 million euros so far this year to cushion the impact of rising gas... generators scheduled for decommissioning. The government will need to come up with a clear exit
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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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