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Industrial turnover recovery continues at pace, with 33.8 pct rise in Feb
EconomyMacroeconomyyear-on-year (YoY), from an upwards revised 36 percent in January, according to data released..., when the pandemic struck. The first sign of recovery came roughly one year later, posting growth... April last year, industry confidence has increased by 17.1 points. Overall, Greece’s economic
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Primary budget deficit at 1.69 bln euros in Q1 as tax revenues continue to overperform
EconomyMacroeconomyeuros, compared to a deficit of 3.41 billion euros in the same period last year, according... of the year. Expenditure, excluding interest payments and the public investment budget, came... expected to be completed by the end of last year, and roughly half a billion due to accruals
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Growth in building permits slows to 4.3 pct YoY in Jan
EconomyMacroeconomyThe new year started with a slowdown in the growth of building permits in Greece, with total permits rising by 4.3 percent year-on-year (YoY) in January, after closing 2021 with a rise of 18.3..., deteriorated by 8.8 points since April last year.
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Economic sentiment drops sharply in Apr, consumer confidence hits lowest since 2017
EconomyMacroeconomythe pandemic. The value of 114.1 reported in January this year was the highest of the series... May last year, when the indicator stood at 108.6 points. The indicator hit its most recent low... at the start of last year, however this trend started reversing last May when it stood at -21.9 points
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Growth of trade deficit slows in Mar, Q1 rise reaches 79 pct
EconomyMacroeconomyThe rise in Greece’s trade deficit slowed in March, when it increased by 13.4 percent year-on-year... compared with March last year. The latest trade deficit figure is contained from the figure of 3.13... of the year showed that the trade deficit increased by 78.7 percent, bringing the total to 8.48 billion
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Resilience evident in Apr budget execution data as taxes beat target by 1.79 bln
EconomyMacroeconomy, compared to a deficit of 6.2 billion euros in the same period last year, according... of the year. Expenditure, excluding interest payments and the public investment budget, came to 15.92... collections that were initially expected to be completed by the end of last year, and roughly half
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NBG profits narrow to 208 mln in Q1
EconomyBankingeuros in Q1 2021. Core PPI was 181 million euros, against 171 million last year. Asset quality NPEs were... at the end of last year. The ratio dropped to 6.5 pct and coverage stood at 81.8 pct. The bank’s guidance..., unchanged from last year. The significantly lower funding terms under TLTRO III, coupled
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Credit growth at 2.8 pct in Apr, highest in 13 months
EconomyMacroeconomyCredit movement in the Greek private sector accelerated to 2.8 percent year-on-year (YoY) in April, from 1.6 percent in March, and 1.4 percent in February, Bank of Greece (BoG) figures released... pct in February last year. The latest growth figure is the highest since March last year, when
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Remaining fiscal space could be squeezed for more cost-of-living measures as tension grows
PoliticsGreek Politicsas the political temperature rises in the build-up to the next elections, which are due next year... the special consumption tax on fuel, but this brings in 2.1 billion euros a year and ministry officials have been very open about their concerns regarding hitting this year’s public deficit goal of 2
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Early summer fire highlights precariousness of snap election option
PoliticsGreek Politicsthat if this summer is anything like last year’s wildfire season, or worse, the mood will be too... an opportunity to raise concerns that despite claims that many of last year’s failings have been addressed... spokesman Nassos Iliopoulos said that the government pledged last year a 1.7-billion-euro protection
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