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  1. Travel receipts recover in Sep, up 4.1 pct in 9M to 18.76 bln
    Photo by MacroPolis

    EconomyMacroeconomy

    to 3.32 billion euros in 2023, up 7.9 percent year-on-year. Travel payments dropped by 13.8 percent... for the period, compared with 627 euros a year earlier. Receipts from the EU27 were 10.6 billion euros, while... with 27.79 million in the same period last year.

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  2. As bank debate rages, ND's support slips further and PM loses economic adviser
    Image: https://www.primeminister.gr/

    PoliticsGreek Politics

    , an area in which the PM’s dominance seem unassailable last year. According to Alco, 35 pct... of the year. Patelis had increasingly become a target for the frustrations of New Democracy’s right wing... this year. Some ND officials who disagreed with the PM’s move to change the law on marriage

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  3. Drop in energy prices bring import index down by 5.5 pct YoY in Oct
    Image: https://flic.kr/p/4nopDC

    EconomyMacroeconomy

    Greece’s import price index remained in contraction in October, dropping by 5.5 percent year-on-year (YoY), after a 10.6 percent drop in the previous month, according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday. The index recorded more than one year of consecutive

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  4. Budget exudes fiscal stability, but hints at political complications

    EconomyMacroeconomy

    be considered the first budget of stability since Mitsotakis assumed office, as the first full year.... The 2025 budget sees the primary balance at 2.5 pct of GDP this year and will remain at that level... that a crisis is not brewing in Greece. This year’s rating reviews included just one upgrade further

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  5. Industrial turnover resumes growth in Oct with 0.9 pct YoY, manufacturing leads way
    Photo via https://flic.kr/p/2b7ecKE

    EconomyMacroeconomy

    Greece’s industrial turnover went back to growth in October, rising by 0.9 percent year-on-year... in a year, though stronger than the long-run series average. Meanwhile, from the European Commission’s... consecutive month, and rose to 5.2 points, from 2 points in the previous month. Since December last year

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  6. Solid Oct for travel receipts takes 10M figure to new record of 20.94 bln
    Photo by MacroPolis

    EconomyMacroeconomy

    to 1.82 billion euros in 2023, up 19.7 percent year-on-year. Travel payments rose by 29.2 percent to 234.8..., compared with 616 euros a year earlier. Receipts from the EU27 were 11.67 billion euros, while... million in the same period last year.

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  7. Despite lower spend per trip, record arrivals push travel balance to 18.77 bln in 11M
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    , compared to 426.9 million euros in 2023, up 44.7 percent year-on-year. Travel payments rose by just 0.5..., compared with 607.8 euros a year earlier. Receipts from the EU27 were 11.71 billion euros, while... with 31.97 million in the same period last year.

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  8. Newsletter 448 - 24/01/2025

    Newsletters

    shows that, based on last year’s minimum wage of 780 euros, 31 pct of workers - or 710,000 people... in November 2023. Total imports came to 7.18 billion euros in November, from 7.02 billion last year. Total... Greece’s industrial turnover resumed contraction in November, dropping by 5 pct year-on-year (YoY

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  9. Several obstacles on narrow fiscal path to new tax cuts
    Photo via https://flic.kr/p/2b9vcaC

    EconomyMacroeconomy

    . Since the turn of the year government officials have been briefing that the Finance Ministry... evasion and certain tax reforms, an extra 1.2 billion euros could come this year that could create... the middle class is a change to the tax scale, with emphasis on those earning above 20,000 euros per year

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  10. Exports produce strong finish to 2024 but trade deficit up 8 pct to 34.61 bln
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    Greece’s trade deficit dropped by 9 percent year-on-year (YoY) at the close of 2024, after a rise... last year, the trade deficit was 3.4 billion euros. The geographical breakdown shows that imports... deficit dropped by 12.8 percent YoY in December, to 2.45 billion euros. The data for the full year 2024

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