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Extensive Covid-19 impact and slow recovery seen by most business sectors, research shows
EconomyMacroeconomyResearch by the ICAP group has looked into which areas of the economy have been hardest hit by the pandemic and estimates that many businesses will see a notable drop in revenue compared to 2019. The research, titled "Impact of the Covid-19 pandemic on ...
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Trade deficit falls by 30 pct in October as imports and exports remain slow
EconomyMacroeconomyGreece’s trade deficit fell by 30 percent year-on-year (YoY) in October compared to a drop of 24 percent in September, data from the Hellenic Statistical Authority (ELSTAT) released on Monday showed. The deficit came to 1.40 billion euros for the month....
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Growth in building permits rises to 13.7 pct for Feb after slow start
EconomyMacroeconomyThe growth in building permits picked up pace again in February, with total permits rising by 13.7 percent year-on-year (YoY), from 4.3 percent in January, according to the latest data released by the Hellenic Statistical Agency (ELSAT) on Friday. The t...
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Rise in import prices slow further to 15.7 pct YoY in Nov
EconomyMacroeconomyThe pace of the increase in Greece’s import price index slowed again in November, when it rose by 15.7 percent year-on-year (YoY), from 21.3 percent in October, according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday. The ind...
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GDP continued to slow in Q4, rise for 2023 at 2 pct
EconomyMacroeconomyGreece’s seasonally adjusted (SA) GDP had marginal gains in Q4, rising by 0.2 percent quarter-on-quarter (QoQ), from a 0.1 percent drop in Q3, provisional data from the Hellenic Statistical Authority (ELSTAT) revealed on Thursday. The Greek economy has ...
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Slow pace at which RRF funds reaching firms a growing issue
EconomyA regular note on the Greek economy published by the Bank of Greece has highlighted concerns about the benefits from the RRF facing headwinds given the scheme’s demanding and finite schedule, the need to meet tight milestones and the legacies of the dec...
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Industrial turnover up by just 0.3 pct YoY in Oct as manufacturing growth, domestic market slow
EconomyMacroeconomyGreece’s industrial turnover recorded a marginal rise of 0.3 percent year-on-year (YoY) in October, from a strong rebound of 13 percent drop in September, according to data released by the Hellenic Statistical Authority (ELSTAT) on Thursday. Last month ...
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Name settlement triggers intense political battle
PoliticsGreek Politicsa censure motion to Parliament to emphasise the lack of support for the deal outlined by Tsipras on Tuesday... would almost certainly vote against the motion despite the nationalist party’s opposition to the name... the motion before Thursday’s vote on the multi-bill that wraps up the prior actions of the fourth review
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Parties hone strategies ahead of confidence vote
PoliticsGreek PoliticsKINAL. By submitting the censure motion on Thursday, Tsipras hopes that he will prevent Prime Minister... will hope that the censure motion will clarify in voter’s minds that Androulakis and his party... administration. Androulakis immediately said that his party will support the censure motion but made
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IMF report sees a number of risks lying ahead for Greece
EconomyProgramme, delayed structural reforms that slow competitiveness gains and higher than expected deflation... quality capital, according to the Fund. It adds that “banks face a mountain of bad loans,” with NPLs
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