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Revenues continue beating targets in May, tight rein on spending remains
EconomyMacroeconomyThe budget primary balance ran a surplus of 5.35 billion euros up tp May, according... balance up to May showed a surplus of 1.88 billion euros, from a 535 million euros deficit up to May...-March. Tax refunds came to 3.82 billion euros, above target by 1.13 billion euros. Expenditure By May
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Trade deficit falls sharply in May, at 13.41 bln in 5M
EconomyMacroeconomyGreece’s trade deficit dropped sharply by 31.6 percent year-on-year (YoY) in May, after a 6.9... euros for May. Imports totalled 6.47 billion euros, dropping by 14.7 percent YoY. Exports totalled 4.18 billion euros, falling by 1.3 percent. In May last year, the trade deficit was 3.35 billion
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CPI at 5.2% YoY in May as impact of Iran war spreads
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) growth was broadly stable in May with a rise of 5.2 percent...), the CPI was unchanged, from 1.5 percent in the previous month. In May 2025, the CPI was up by 2.5 percent.... The harmonised index of consumer prices (HICP) increased by 4.9 percent annually in May. Month
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Budget continues to perform strongly with 3.64 bln surplus up to May
EconomyMacroeconomyThe budget primary balance landed at a surplus of 3.64 billion euros up to May, according... budget balance up to May showed a surplus of 91 million euros, from a 1.88 billion euros surplus in May 2024. The overall balance is better than the target by 2.27 billion euros. Revenues At 30.2
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Fuels continue to propel drop in trade deficit as May sees 15.7% YoY decline
EconomyMacroeconomyGreece’s trade deficit continued its sharp decline in May with a 15.7 percent year-on-year (YoY.... The deficit came to 1.96 billion euros for May. Imports totalled 7.04 billion euros, up by 7.8 percent YoY. Exports totalled 5.07 billion euros, rising sharply by 20.9 percent. In May last year, the trade
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Building activity eases in May with marginal 0.8% YoY drop
EconomyMacroeconomyBuilding activity went into negative territory in May, with a marginal drop of 0.8 percent year... by the Hellenic Statistical Agency (ELSTAT) on Friday. The total number of permits issued in May reached 2,695, from 2,717 in May 2025. The corresponding surface area saw a rise of 4.2 percent YoY, while
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Newsletter 172 -27/07/2018
strong growth in May Having updated Greece’s credit rating ahead of schedule at the end of last... of circumstances that they encountered, primarily due to the strong wind (around 100 km/hour), the effort..., if any evacuation was ordered, whether police may have directed cars towards danger
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SYRIZA stumbles again on way to May elections
PoliticsGreek Politicsparty has dropped one candidate, another has been forced to step down, while a third may also have... Sabiha Suleiman, a local Roma activist, as a candidate for the May 25 European Parliament elections... in Thrace. This is not the first time during the build-up to the May campaigns that SYRIZA has found
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Tsipras upbeat after vote, Eurogroup but deal details may still present problems
PoliticsGreek Politics, but the coalition is hoping to pass the relevant legislation before the May 24 Eurogroup. A busy... that some of the lenders may push for specific measures to be agreed now and remain on standby for implementation when – or if – needed. This may severely test the government’s cohesion as it would mean
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General government primary cash surplus widens to 2.5 bln by May, arrears resume upward trend
EconomyMacroeconomy(including tax refund arrears) resumed an upward trend in May after staying almost flat in April. In particular, they jumped by 327 million euros month on month (MoM) to 7.03 billion at the end of May from... by 4.22 billion to 84.81 billion at the end of May. The monthly movement largely reflects a drop in bank
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