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  1. Final budget execution for June affirms solid revenues, driven by VAT and income tax
    Photo by MacroPolis

    EconomyMacroeconomy

    , compared to a deficit of 9.09 billion euros during the same period last year, according to the final..., the better performance of the previous year taxes collected in instalments until the end of February 2022, the better performance of the collection of taxes of the current year, as well as the collection

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  2. Manufacturing slips into contraction for first time since early 2021 as PMI drops by 2 pts in July
    Photo via https://flic.kr/p/N3FV1

    EconomyMacroeconomy

    , stopping a nearly year-and-half period of expansion and indicating a downturn of the conditions... in a year-and-half. Some companies have mentioned reductions in workforce due to lower order inflows.... “The loss of growth momentum seen across the Greek manufacturing sector since the start of the year resulted

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  3. Trade deficit soars by 71.6 pct in H1, reaching 17.59 bln
    Photo by Håkan Dahlström via Flickr https://flic.kr/p/5MQQVH

    EconomyMacroeconomy

    percent year-on-year, according to data released by ELSTAT on Friday. This came after an 84.7 percent... compared with June last year. One needs to go back to early 2010 to find this level of trade deficit... euros. The aggregate figure for the first half of the year showed that the trade deficit increased

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  4. Import price rise slows to 32.8 pct in June, index posts first MoM drop since Nov
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    Greece’s import price index grew at a solid pace in June, recording a rise of 32.8 percent year-on-year (YoY), according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday... last year, falling by 1.1 percent. The 12-month rolling movement of the index also accelerated to just

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  5. Exit from enhanced surveillance nears, but fiscal commitments bind Greece until 2060
    Photo by MacroPolis

    EconomyProgramme

    the end of the bailout in August of the same year. At the time, the SYRIZA-led government made... administration during the first year, and the current New Democracy government, after winning the national... has undertaken the completion of a set of outstanding reforms until the end of the year, which

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  6. VAT, income taxes lead budget outperformance as primary balance deficit eases to 1.16 bln in Jul
    Photo by MacroPolis

    EconomyMacroeconomy

    , compared to a deficit of 9.06 billion euros during the same period last year, according to the final... of February 2022, the better performance of the previous year taxes collected in instalments until the end of February 2022, the better performance of the collection of taxes of the current year

    1%

  7. July trade deficit of 3 bln takes total to 20.67 bln, up by 65.6 pct YoY
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    percent year-on-year, according to data released by ELSTAT on Wednesday. This came after a 42.7 percent... percent compared with July last year. One needs to go back to early 2010 to find this level of trade..., to 1.96 billion euros. The aggregate figure for the first seven months of the year showed that the trade

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  8. Industrial production grows by 7 pct in Jul, as manufacturing records monthly drop

    EconomyMacroeconomy

    year-on-year (YoY), after an upwards revised 8.9 percent in June, according to Hellenic Statistical... months of the year and has been on a general recovery trajectory since November 2020... in August, from -0.2 in July. Since September last year, industry confidence is down by 3.7 points

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  9. Q2 unemployment drops to 12.4 pct, reflecting seasonality in job market
    Photo by MacroPolis

    EconomyMacroeconomy

    this year, falling to 12.4 percent, from 13.8 percent in Q1, Hellenic Statistical Authority (ELSTAT) figures... of long-term unemployed (more than 1 year) came to 370,400 people, representing 62.6 percent of the total... year-on-year. Permanent jobs have also increased to 2.58 million people, a rise of 1.3 percent

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  10. Property prices rise by 9.4 pct in Q2, close to all-time high
    By Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    The rise in the nominal value of apartments in Greece remained strong in Q2 of this year, rising by 9.4 percent year-on-year (YoY), from an upwards revised 9.3 percent in Q1 2021, Bank of Greece (BoG... year of the pandemic. In 2019, prices increased by 7.2 percent. Old apartments - those over five years

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