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Travel balance back to normal, but Apr C/A deficit of 1.62 bln impacted by goods deficit
EconomyMacroeconomyGreece posted a current account (C/A) deficit of 1.62 billion euros in April, from a 2.33-billion-euro deficit in March, Bank of Greece (BoG) data showed on Monday. In April 2021, the balance showed a deficit of 2.07 billion euros, while in April 2020 t...
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Jan-May primary budget deficit contained at 1.49 bln on back of property tax, VAT intakes
EconomyMacroeconomyThe budget primary balance for the first five months of 2022 came to a deficit of 1.49 billion euros, compared to a deficit of 8.14 billion euros during the same period last year, according to the final Finance Ministry (MoF) budget execution data relea...
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Opposition parties step up pressure after back-and-forth over election date
PoliticsGreek PoliticsPrime Minister Kyriakos Mitsotakis may have taken the possibility of snap elections off the table, at least for now, but the opposition parties are showing no appetite for letting up in their efforts to improve their standing ahead of the next vote. SYR...
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Budget primary balance in H1 beats target by 1.47 bln on back of improved tax haul
EconomyMacroeconomyThe budget primary balance for the first half of 2022 came to a deficit of 3.43 billion euros, compared to a deficit of 9.09 billion euros in the same period last year, according to the preliminary Finance Ministry (MoF) budget execution data released o...
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Budget primary balance beats target by 4.64 bln in July on back of impressive tax performance
EconomyMacroeconomyThe budget primary balance up to July 2022 came to a deficit of 1.17 billion euros, compared to a deficit of 9.06 billion euros in the same period last year, according to the preliminary Finance Ministry (MoF) budget execution data released on Tuesday. ...
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Mitsotakis hits back at Erdogan's rhetoric, but leaves door open for meeting
PoliticsForeign PolicyDuring Sunday’s press conference at the Thessaloniki International Fair (TIF), Prime Minister Kyriakos Mitsotakis sought to rebut the latest aggressive rhetoric emanating from Turkish President Recep Tayyip Erdogan, while not ruling out the possibility ...
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PM hits back at surveillance list claims, falls out with ally
PoliticsGreek PoliticsKyriakos Mitsotakis used a televised interview to deny the latest allegations in the surveillance affair, which had him eavesdropping on his own cabinet ministers and some of the country’s most powerful businesspeople, as well as political opponents and...
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Industrial production back in negative territory for Sep as electricity supply drops sharply
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) dropped into negative territory in September, falling by 1.1 percent year-on-year (YoY), after growing by 4.4 percent in the previous month, according to Hellenic Statistical Authority (ELSTAT) data released on...
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Building activity back to growth in Aug, but year-to date remains subdued
EconomyMacroeconomyBuilding permits growth in August resumed the growth trajectory with a rise of 12.6 percent year-on-year (YoY), after dropping by 2.3 percent in July, according to the latest data released by the Hellenic Statistical Agency (ELSAT) on Monday. The total ...
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Company revenues rise by 35.5 pct in 2022 on back of inflation and card transactions
EconomyMacroeconomyThe total turnover of enterprises in the Greek economy for 2022 jumped by 35.5 percent year-on-year (YoY), from 19.7 percent in 2021, based on data released by ELSTAT on Tuesday. Total turnover reached 461.24 billion euros, from 340.28 billion euros in ...
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