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Trade deficit narrows in Mar, but exports drop by worrying 11.7 pct
EconomyMacroeconomyGreece’s trade deficit recorded a drop of 7 percent year-on-year (YoY) in March, after a sharp rise of 34 percent year-on-year (YoY) in February, according to data released by ELSTAT on Friday. The deficit came to 2.41 billion euros for March. Imports totalled 6.69 billion euros, dropping by 10.1
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Eurobank net profit jumps by 80 pct to 287.2 mln in Q1
EconomyBanking, compared to a profit of 339.8 million euros last year, a rise of 12.7 percent. Core pre-provision income (PPI) dropped by 1.3 percent year-on-year (YoY) in Q1 to 477.9 million euros, from 484.4... euros, which is 9 cents/share and 30 pct of the 2023 profits. This will rise to 40 pct of this year
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Industrial turnover back in contraction again in Mar, falling by 6 pct YoY
EconomyMacroeconomyGreece’s industrial turnover fell sharply in March, dropping by 6 percent year-on-year (YoY) from.... The conditions in the Greek manufacturing sector have been improving for more than a year. Although... month. Since May last year, industry confidence is now up by 2.2 points. Overall, Greece’s economic
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From pipe dreams to power cables: the changing map of Greece's energy ambitions
Agorahalved year-on-year in 2023 and LNG imports shrunk by a quarter, as the Bulgarian supplier switched... the country remains a net importer on a year-round basis, this new pattern appears to point the way... this year it was announced that the Ariadne Interconnection between Crete and mainland Greece would
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Q1 travel receipts point to bumper tourism season, balance up 25 pct
EconomyMacroeconomyto 277.5 million euros in 2023, up 34.2 percent year-on-year. Travel payments rose by 52.1 percent to 235.6..., compared with circa 382 euro a year earlier. Receipts from the EU27 were 470 million euros, while... with 1.87 million in the same period last year.
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Fuel and food trigger retail sales jump of 10.9 pct in Mar
EconomyMacroeconomyGreece’s retail sales rebounded strongly in March, with a jump of 10.9 percent year-on-year (YoY), after a downward revised decline of 3.5 percent in February, Hellenic Statistical Authority (ELSTAT... sales fell continuously for nearly a year. Growth stalled in the first two months of this year
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Lack of savings points to wider economic issues
EconomyMacroeconomyeven though the latest data in the study is for 2022, not capturing the effects of inflation last year... savings of 542 euros per year, with the picture even more pressing for self-employed people that only manage 63 euros per year. Pensioners have an average saving amount per year of 2,248 euros
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European Parliament vote delivers blow to PM as rise of far right, low turnout dominate
PoliticsGreek Politicslower than ND won in the national elections a year ago. Government spokesman Pavlos Marinakis... double the 4.4 pct it received in last year’s national elections. Opinion polls had indicated... momentum in the wake of the vote on the marriage equality bill earlier this year. Sunday’s elections
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Industrial turnover soars by 18 pct YoY in Apr, strongest since early 2023
EconomyMacroeconomyGreece’s industrial turnover took off in April, rising by 18 percent year-on-year (YoY) from a 6.1... been improving for more than a year. The rate of growth in the sector remains in historically high... 2 points in the previous month. Since June last year, industry confidence is now down by only 0.4
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Travel balance rises to 1.79 bln in in first four months as arrivals increase by 20 pct
EconomyMacroeconomymillion euros in 2023, up 15.9 percent year-on-year. Travel payments rose by 7.5 percent to 273.2... with 433 euro a year earlier. Receipts from the EU27 were 942.3 million euros, while eurozone receipts were... in the same period last year.
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