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Construction slides again in May with fall of 8.7 pct YoY in building permits
EconomyMacroeconomyBuilding permits continued their decline in May, falling by 8.7 percent, following a much sharper drop of 22.4 percent year-on-year (YoY) in April amidst the lockdown, according to Hellenic Statistical Authority (ELSTAT) data released on Wednesday. The ...
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Podcast - The rise and fall of Golden Dawn
AgoraOn a sunny October morning this year, thousands of people crowded outside an Athens courthouse to hear the landmark verdict in the trial of NeoNazi Golden Dawn. It brought the party's rapid rise during the Greek economic crisis to a halt but did not nec...
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Economic sentiment edges up to 91.5 in Dec while services, retail and construction fall
EconomyMacroeconomyGreece’s economic sentiment (ESI) edged up by 0.5 points month-on-month in December to reach 91.5 points, European Commission (EC) figures showed on Thursday. During December, the Employment Expectations Indicator (EEI) for Greece came to 104.9 points c...
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Reflecting annual base effect, retail sales rise 19 pct in Nov but fall on previous month
EconomyMacroeconomyGreece’s retail sales experienced a significant annual recovery in November, rising by 19 percent year-on-year (YoY) from a downward revised 10.5 percent in October, Hellenic Statistical Authority (ELSTAT) data showed on Monday. It should be noted that ...
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Traditional sectors carry burden of job creation as unemployment levels fall
EconomyMacroeconomyHaving weathered the pandemic over the last two years, Greece’s labour market remains on the recovery path it has been following since July 2013, when monthly unemployment rate peaked at 28 pct and 1.36 million Greeks were out of employment. ELSTAT rele...
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Deposits drop for third straight month as corporates lead fall of 988 mln
EconomyMacroeconomyThe net private sector deposit movement in the Greek banking system in March stayed negative and picked up pace to 988 million euros, from 260 million in February, and 2.23 billion seen in January, based on Bank of Greece (BoG) figures released on Frida...
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Despite another annual rise of 35.6 pct in Jul, producer prices fall for third straight month
EconomyMacroeconomyThe pace of Greece’s Producer Price Index (PPI) annual growth slowed down further, still with another solid rise of 35.6 percent year-on-year (YoY) in July, after the 39.9 percent in June, ELSTAT data said on Tuesday. The index was in negative territory...
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CPI growth slows to 8.5 pct as electricity prices record rare 5.3 pct YoY fall
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) increased by 8.5 percent year-on-year (YoY) in November, slowing further from the 9.1 percent in October, according to the data released on Friday by the Hellenic Statistical Authority (ELSTAT). The average CPI for th...
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Car sales fall by 0.7 pct in Nov for first drop since July
EconomyMacroeconomyThe rise in road motor vehicles going into circulation for the first time moved to negative territory in November, dropping by 0.7 percent year-on-year (YoY), after rising by 2.4 percent in October, according to Hellenic Statistical Authority (ELSTAT) d...
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Building permits rise by 8.2 pct in Oct, but surface and volume fall sharply
EconomyMacroeconomyBuilding permits in October remained on a growth trend thanks to a rise of 8.2 percent year-on-year (YoY), after an increase of 9.1 percent in September, according to the latest data released by the Hellenic Statistical Agency (ELSAT) on Friday. The tot...
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