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  1. Government presses ahead with legislative work by delivering on some economic pledges
    Photo by MacroPolis

    PoliticsGreek Politics

    18 or 19 this year, and the extension of the Market Pass grocery bill subsidy, available to as many... in the public sector from next year, which will increase by an average of 6.5 pct, although changes... began. There will also be an increase of 1,000 euros in the tax-free threshold from next year

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  2. Reflecting base effects, foreign market and manufacturing drive industrial turnover down sharply in May
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    percent year-on-year (YoY), from an upwards revised drop of 7.6 percent in April, according to data... also been recording much more modest growth rates in recent months. In May last year, with growth... month rising by over 3 points to 4.3, after a 2.2-point drop in May. Since July last year, industry

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  3. Travel balance up to May rises by 30.7 pct as arrivals soar by a third
    Photo by MacroPolis

    EconomyMacroeconomy

    , up roughly 25 percent year-on-year. Travel payments rose by 6.4 percent to 209.2 million euros... versus roughly 554.2 euros last year. Receipts from the EU27 came to 1.7 billion euros, while eurozone... last year, there were 4.33 million travellers.

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  4. Disposable income rises by 11.3 pct in Q1, saving rate negative for successive quarters

    EconomyMacroeconomy

    Household disposable income increased by a solid 11.3 percent year-on-year (YoY) in Q1 this year, from 10.9 percent in Q4 of 2022, according to Hellenic Statistical Authority (ELSTAT) data released on Tuesday. The absolute figure was 35.09 billion euros in Q1, from 31.53 billion euros a year ago

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  5. Inflation boosts food sales by 12 pct in May, supermarkets up by 14.3 pct

    EconomyMacroeconomy

    , with a rise of 7.2 percent, year-on-year (YoY), from 1.7 percent rise in April, Hellenic... after sales fell continuously for nearly a year. On a monthly basis, the seasonally adjusted index... rise in June, up by 31 points from August last year. Overall, Greece’s economic sentiment (ESI

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  6. Underspend and improved tax collection help budget beat target by 881 mln in July
    Finance Ministry

    EconomyMacroeconomy

    ) budget execution data released on Wednesday. In the first seven months of the year, the budget... of individuals and companies of the previous year, collected in instalments until the end of February 2023, as well as the performance of the collection of VAT for the current year. The full revenue breakdown

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  7. Govt looks to tax bonanza for autumn handouts announcement
    Photo via https://flic.kr/p/GG7K6F

    PoliticsGreek Politics

    since resuming office for another four-year term in July. Thessaloniki, the traditional venue for setting out the government’s economic programme for the year ahead, will give him the opportunity... of the year and to give a one-off payment to pensioners who missed out on the recent rise due

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  8. Travel surplus rises to 5.06 bln in June as arrivals soar by 26 pct in 6M
    Photo by MacroPolis

    EconomyMacroeconomy

    in 2022, up roughly 17 percent year-on-year. Travel payments rose by 19.4 percent to 204.3 million euros... in the aggregate period versus roughly 608 euros last year. Receipts from the EU27 came to 3.36 billion euros... last year, there were 7.98 million travellers.

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  9. Economic sentiment improves marginally in Aug, consumer confidence takes 7-point tumble

    EconomyMacroeconomy

    in nine of the last 10 months, essentially since October last year, and is now at the highest since... the previous low of -57.9 of October last year, and is at the highest since the summer of 2021, the gap.... Since September last year, industry confidence has risen by 6.5 points. The services index saw

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  10. PM prepares to set out policy agenda, SYRIZA gears up for leadership vote
    Photo by R/DV/RS via Flickr https://flic.kr/p/4JYvg5

    PoliticsGreek Politics

    of the year. The heating oil subsidy is also likely to be broadened this winter, while electricity...” for those most in need before the end of the year, if public finances allow such an outlay..., with a final 0.6 percentage point drop by the end of the year. This will take the reduction

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