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Trade deficit falls by 10.3 pct in June
EconomyMacroeconomyGreece’s trade deficit fell by 10.3 percent year-on-year (YoY) in June compared to a drop of 47.7 percent in May, data from the Hellenic Statistical Authority (ELSTAT) released on Friday showed. The deficit came to 1.41 billion euros for the month. Imports totalled 3.96 billion euros, showing
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Decline in car sales continues with 14 pct YoY fall during July
EconomyMacroeconomyRoad motor vehicles going into circulation for the first time dropped by 14 percent year-on-year in July, following a 24.7 percent drop in June and a sharp decline of 49.1 percent in May, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday. In July 2019, there was a 25.3 percent year
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Govt scrambles to prevent Covid-19 spreading further as holidaymakers return to cities
PoliticsGreek Politicsthe end of the lockdown in May, particularly in terms of opening Greece’s borders without enough health
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Greece's post-lockdown hubris
Agorahealthcare system thanks to a two-month strict lockdown, which authorities began to lift in early May
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Govt weighs up stricter measures to suppress Covid-19, talks up vaccine hopes
PoliticsGreek Politicsrumours that school opening may be postponed or new measures introduced in light of the developments
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Industrial turnover drops by 3.8 pct in June, slowing from previous months
EconomyMacroeconomyGreece’s industrial turnover fell by 3.8 percent year-on-year (YoY) in June compared to a drop of 30.4 percent in May, Hellenic Statistical Authority (ELSTAT) data published on Wednesday showed. After two preceding months where the headline figure fell by over 30 percent, June’s figure represents
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Current account shows deficit of 1.42 bln in June, driven by slashed tourism revenues
EconomyMacroeconomyGreece’s current account (C/A) balance posted a deficit of 1.42 billion euros in June compared to a deficit of 913.9 million euros in May, Bank of Greece (BoG) data showed on Thursday. In the same period last year, the balance showed a surplus of 805.3 million euros, meaning that the deficit has
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High number of Covid-19 cases puts strain on government
PoliticsGreek Politicsthat the start of the school year may have to be delayed until Covid-19 numbers begin dropping. ND also
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Retail sector struggles through pandemic
EconomyFeaturesAlthough it has been several months since the lockdown in Greece ended, the retail sector continues to bear the impact of the coronavirus pandemic. The latest figures from the Hellenic Statistical Authority (ELSTAT) showed that in May, retail turnover fell by 5.3 percent while volume fell by 5.8
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Budget primary deficit of 7.46 bln confirmed for July as revenues sag
EconomyMacroeconomyeuros (49 million euros for May 2020, 106 million euros for June 2020 and 8 million euros for July
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