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  1. Survey of 2023 household budgets highlights lasting effects of debt crisis
    By Panayotis Tzamaros/Fosphotos

    Society

    was up by 11.2 pct year-on-year and 7.4 pct in constant prices. The largest allocation of spending... by 8.5 pct year-on-year in 2023, compared to a rise of 15.7 pct of the richest 20 pct. The poorest

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  2. Androulakis well-placed to retain PASOK leadership as Doukas sneaks into run-off ballot
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    rival. Doukas, who only took up his position at Athens City Hall at the beginning of the year, secured... that Doukas performed poorly in Athens, just under a year after causing an upset by winning... as the results from last year’s national elections, as well as this year’s European Parliament vote, show

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  3. Drop in energy pushes import prices down by 4.3 pct YoY in Aug

    EconomyMacroeconomy

    Greece’s import price index remained in contraction in August, accelerating to 4.3 percent year-on-year (YoY), after a 1.6 percent drop in July, according to data released by the Hellenic Statistical Authority (ELSTAT) on Tuesday. The index recorded more than one year of consecutive negative

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  4. Strong taxes and significant underspend push 9M primary balance 3.45 bln above target
    Photo by MacroPolis

    EconomyMacroeconomy

    the nine months of the year, the primary balance came in 3.45 billion euros above the target... that the overperformance is mainly due to the better performance of the previous year’s income taxes paid by natural... in the collection of the current year’s taxes, such as VAT and excise taxes. The ministry also notes

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  5. Industrial turnover contracts in Aug, falls sharply by 23.6 pct MoM
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s industrial turnover fell sharply in August, dropping by 4.1 percent year-on-year (YoY... reading is the weakest in a year, marking six continuous months of decline. Meanwhile, from... territory to 8.2 points from -2.7 points in the previous month. Since October last year, industry confidence

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  6. Despite rising arrivals, reduced spending per trip leads to 1.7 pct drop in Aug travel receipts
    Photo by Yannis Drakoulidis/Fosphotos

    EconomyMacroeconomy

    in 2023, down 1.8 percent year-on-year. Travel payments also dropped by 3.7 percent to 228.9 million... a year earlier. Receipts from the EU27 were 8.56 billion euros, while eurozone receipts were 6.7... in the same period last year.

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  7. Energy drives producer prices down by 4.5 pct YoY in Sep, as all other categories rise

    EconomyMacroeconomy

    year-on-year (YoY), after a decline of 2.4 percent in August, ELSTAT data showed on Wednesday... have been in contraction for more than 1.5 years. The index had been growing over a two-year period since March 2021, before it turned negative in March last year. Month-on-month (MoM), the index

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  8. NBG net profit at 983 mln in 9M, NII up by 9 pct at 1.78 bln
    Image via www.nbg.com

    EconomyBanking

    , compared to a profit of 855 million euros in the same period of 2023, a rise of 15 percent year-on-year... billion euros in 9M vs. 1.38 billion euros last year. Asset quality NPEs were stable at 1.2 billion... percent, from 20.3 percent last year.

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  9. Privatisation proceeds, major underspend push Oct primary surplus to 8.82 bln above target
    Photo by MacroPolis

    EconomyMacroeconomy

    months of the year, the primary balance came in 8.82 billion euros above the target. The ministry... that the overperformance is mainly due to the better performance of the previous year’s income taxes... of the current year’s taxes, such as VAT and excise taxes. The ministry also notes that the actual

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  10. Drop in industrial turnover accelerates to 7.9 pct YoY in Sep as manufacturing falls sharply
    Image via www.viohalco.com

    EconomyMacroeconomy

    by 7.9 percent year-on-year (YoY) from a 4 percent decrease in August, according to data released... in the sector being stronger than the series average, though it is the second weakest in almost one year... month. Since November last year, industry confidence has risen by circa 7 points. Overall, Greece’s

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