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Mitsotakis launches mini-support package in bid to create positive momentum
PoliticsGreek Politicsof the excess revenues to the people. The announcement followed the release of fiscal data from 2024
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PM charts course to third term with promises of more handouts
PoliticsGreek Politicspositive budget data from the first couple of months of the year. The Finance Ministry is about
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Building activity starts 2025 with sharp YoY drop of 17 pct in permits
EconomyMacroeconomyBuilding activity started 2025 with a sharp decrease of 17 percent year-on-year (YoY) in January, after a rise of 15.6 percent in December, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Monday. The total number of permits issued in January reached 1,762, from 2,123
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Primary surplus reaches 4.5 bln in March due to property tax collection, significant underspend
EconomyMacroeconomyThe budget primary balance was confirmed at a surplus of 4.5 billion euros by March, compared to a surplus of 2.99 billion euros in the same period a year earlier, according to the final Finance Ministry (MoF) budget execution data released on Monday. By March, the budget primary balance
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Producer prices pick up pace by 2.1 pct YoY in Mar
EconomyMacroeconomyGreece’s Producer Price Index (PPI) accelerated further in March, with a rise of 2.1 percent year-on-year (YoY), after an increase of 0.6 percent in February, ELSTAT data showed on Wednesday. This is the third consecutive positive reading after a period of contraction that started in March 2023
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Solid conditions in manufacturing continue with PMI at 53.2 in April
EconomyMacroeconomyGreece’s Manufacturing PMI saw a solid rise in April, when it reached 53.2 points from 55 points in the previous month, according to S&P Global data released on Friday. The manufacturing sector showed a solid improvement in operating conditions at the start of the second quarter, marking one
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CPI moderates to 2 pct in Apr, rents continue to climb with 10.8 pct YoY rise
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) has stabilised in the recent months, with a rise of 2 percent year-on-year (YoY) in April, from 2.4 percent in the previous month, according to the data released on Friday by the Hellenic Statistical Authority (ELSTAT). The average CPI for the rolling 12-month
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Car sales up 2.9 pct YoY in Apr, down 0.5 pct over first four months of 2025
EconomyMacroeconomyVehicles going into circulation for the first time dropped by 2.1 percent year-on-year (YoY) in April, after an increase of 6.8 percent in March, according to Hellenic Statistical Authority (ELSTAT) data released on Tuesday. In April 2024, licences had grown by 36.3 percent annually. Car sales
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Energy drives import price index drop of 2.5 pct YoY in Mar
EconomyMacroeconomyGreece’s import price index continued its contraction in March, with a 2.5 percent year-on-year (YoY) decrease, after a 0.5 percent drop in the previous month, according to data released by the Hellenic Statistical Authority (ELSTAT) on Wednesday. The index is now in contraction in seven
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Significant underspend and strong tax revenues push primary surplus to April above 5 bln
EconomyMacroeconomyThe budget primary balance ran a surplus of 5.17 billion euros by April, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Thursday. The primary balance came in at 3.19 billion euros above the target. Expenditure, excluding interest payments and the public
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