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Current account deficit at 2.08 bln in Nov, falls significantly in 11M
EconomyMacroeconomyGreece’s current account recorded a deficit of 2.08 billion euros in November, from 1.09 billion euros in October, Bank of Greece (BoG) data released on Tuesday showed. In November 2024, the balance showed a deficit of 3.32 billion euros. The Bank of Greece notes that this is primarily due
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Mitsotakis continues balancing act with compromise EU proposal on Trump’s Peace Council
PoliticsGreek Politicsthe right appetite for change is notable. Overall, the data suggests that ND remains the dominant force
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Newsletter 491 - 23/01/2026
. The latest survey data indicates that New Democracy retains a commanding lead and appears insulated
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Strong primary surplus of over 8 bln at close of 2025 as spending is contained
EconomyMacroeconomyThe budget primary balance was confirmed at a surplus of 8.09 billion euros for 2025, compared to a surplus of 8.7 billion euros a year earlier, according to the final Finance Ministry (MoF) budget execution data released on Monday. Expenditure, excluding interest payments and the public investment
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Disposable income records modest 1.9 pct YoY rise in Q3, saving rate again negative
EconomyMacroeconomyHousehold disposable income increased by 1.9 percent year-on-year (YoY) in Q3 last year, according to Hellenic Statistical Authority (ELSTAT) data released on Monday. The absolute figure was 44.54 billion euros in Q3, from 43.69 billion euros a year ago. A rise of 1.8 percent was noted in other
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Building activity on the mend with 13.5 pct YoY rise in Oct
EconomyMacroeconomyBuilding activity continued to recover in October, with a rise of 13.5 percent year-on-year, after an increase of 12.5 percent YoY seen in September, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Wednesday. The total number of permits issued in October reached 2,997
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Deadly factory blast sparks debate on workplace safety
PoliticsGreek Politicsthe government’s critics of sensationalising the argument by using “fake” data and unsubstantiated figures
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Energy drives drop of 2.1 pct YoY in producer prices at close of 2025
EconomyMacroeconomyGreece’s Producer Price Index (PPI) closed last year with a drop of 2.1 percent year-on-year (YoY) in December, after a marginal increase of 0.1 percent in the previous month, ELSTAT data showed on Thursday. The previous month was the first positive reading after four consecutive drops, and six
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Labour market ends 2025 with a positive hiring balance of 77,074 jobs
EconomyMacroeconomyGreece’s employment balance ended 2025 with 14,524 more departures than hires in December, according to data from the Labour Ministry’s ERGANI information system. The hiring balance in December last year was also negative with 14,218 more departures, leading to a minor year-on-year deterioration
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Business landscape dominated by SMEs, six in 10 workers earn below 1,200 euros
EconomyMacroeconomyThe 2025 annual report by the Labour Ministry, based on the data registered in the ERGANI database, gives the latest snapshot of Greek entrepreneurship, employment, and income profiles for the private sector. The report highlights the main characteristic of Greek businesses, with a stable 87.7 pct
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