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Travel receipts up by 10.5 pct YoY in Aug on back of 7.5 mln arrivals in
EconomyMacroeconomyfor the month were 4.52 billion euros, compared to 4.09 billion euros in 2024, up 10.5 percent year-on-year... by 7.2 percent to 613 euros for the period, compared with 572 euros a year earlier. Receipts from.... This compares with 24.89 million in the previous year. EU and eurozone arrivals were 15.29 and 10.5 million
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Energy drives producer prices down by 1.1 pct YoY Sep as all other components rise
EconomyMacroeconomypercent year-on-year (YoY), after a decrease of 1.1 percent in August, ELSTAT data showed on Thursday. This was the third decline of the year, following six consecutive positive readings. The index had... growing over a two-year period since March 2021, and peaked in April of 2022 with a jump of 48.8 percent
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NBG net profit nears 1 bln up to Sep, commision income rises 7.6 pct to 336 mln
EconomyBankingto a profit of 1.06 billion euros in 9M 2024, a drop of 7.9 percent year-on-year (YoY... with NBG’s loan to deposits ratio coming to 64 percent, from 60 percent a year ago. The cost of risk... exposure in Greece. Capital The fully loaded CET1 ratio stands at 19 percent, from 18.7 percent a year
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EC autumn forecasts project stable growth and fiscal outlook
EconomyMacroeconomy. GDP is expected to grow 2.1 pct this year and 2.2 pct in 2026, driven by steady private consumption... surplus is seen stable at 1.2 pct of GDP in 2024 to 1.1 pct this year, reflecting a drop in the primary... spending. For next year, the surplus is forecast to fall to 0.3 pct of GDP, with a primary surplus
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Oct budget execution data affirms strong revenue performance
EconomyMacroeconomy, compared to a surplus of 13.53 billion euros in the same period a year earlier, according to the final... submission recently, all targets until the end of the year have been revised to reflect the budget assumptions for this year. Expenditure, excluding interest payments and the public investment budget, came
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Energy leads 1.4 pct YoY drop in producer prices for Oct
EconomyMacroeconomyyear-on-year (YoY), after a decrease of 1.1 percent in September, ELSTAT data showed on Friday. This was the fourth decline of the year, following six consecutive positive readings. The index had... growing over a two-year period since March 2021 and peaked in April of 2022 with a jump of 48.8 percent
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Farmers’ fury grows as government scrambles for response
PoliticsGreek Politicsand exposed irregularities. Advance payments this year totalled 363 million euros, down from 476 million last year, covering 70 per cent of basic support. Yet thousands of farmers have been excluded: 2,000..., cheaper electricity tariffs, and total subsidies projected at 3.7 billion this year, higher than in 2024
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Disposable income rises in Q2, saving rate stays negative at -3 pct
EconomyMacroeconomyHousehold disposable income increased by a solid 8.1 percent year-on-year (YoY) in Q2 this year, according to Hellenic Statistical Authority (ELSTAT) data released on Monday. The absolute figure was 41.93 billion euros in Q2, from 38.78 billion euros a year ago. A rise of 3.3 percent was noted
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Government’s growth ambitions meet RRF reality
EconomyMacroeconomyby 0.6 pct quarter-on-quarter and 2 pct compared to the same period last year. Growth over the first... forecast for next year also appears optimistic, projecting growth of 2.4 pct. Market estimates... to 2 pct in 2026, or slightly below, with Capital Economics the latest to predict 1.8 pct for next year
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SYRIZA leader renews call for progressive unity as party’s drift to margins continues
PoliticsGreek Politicsfor Politic.gr offers a snapshot of Greece’s misty political landscape as the year draws to a close... regained second place after losing it earlier this year and does not seem to be under current threat..., and significantly, throughout the year, leaving open the possibility of impactful fluctuations in voting patterns
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