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Trade deficit rises sharply in June as exports continue to fall
EconomyMacroeconomyGreece’s trade deficit rose sharply by 33.2 percent year-on-year (YoY) in June, after a 31.6 percent drop in May, according to data released by ELSTAT on Thursday. The deficit came to 3.14 billion euros for June. Imports totalled 7.08 billion euros, rising by 6.4 percent YoY. Exports totalled 3.94
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Mining drives growth of 0.5 pct YoY in industrial production for June
EconomyMacroeconomysince mid-2023. Month-on-month (MoM), the seasonally adjusted index in May recorded a 3.2 percent
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Mitsotakis prepares for autumn gamble after testing summer
PoliticsGreek Politicsthat affordability fatigue may soon dampen domestic demand. One of the main challenges
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Oil balance and drop in exports pushes current account to 1.19 bln deficit in June
EconomyMacroeconomyGreece’s current account recorded a deficit of 1.19 billion euros in June, from a surplus of 196.5 million euros in May, Bank of Greece (BoG) data released on Wednesday showed. In June 2024, the balance showed a surplus of 265.7 million euros. The Bank of Greece notes that this is due
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Industrial turnover stable in June after marginal 0.1 pct YoY rise
EconomyMacroeconomyGreece’s industrial turnover was virtually unchanged in June, with a rise of 0.1 percent year-on-year (YoY), from a 2.4 percent increase in May, according to data released by the Hellenic Statistical Authority (ELSTAT) on Wednesday. On a rolling 12-month basis, the industrial turnover was down
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Travel receipts rise by 8.8 pct YoY in June, arrivals drop marginally
EconomyMacroeconomyGreece's travel balance recorded a surplus of 2.98 billion euros in June, compared to 1.88 billion euros in May, according to data released by the Bank of Greece (BoG) on Thursday. The June balance was 6.9 percent higher than the 2.79 billion euros recorded in June 2024. Receipts for the month were
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Government lines up crackdown on NGOs as next piece in harsher migration policy
PoliticsGreek Politicspressures, remains to be seen. The Greek public may end up seeing his interventions, which
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Opposition unable to join forces over recognition of Palestinian state
PoliticsGreek Politicsto exploit this apparent weakness. PASOK may force a parliamentary debate, but without SYRIZA or other
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PM finalises relief measures in ambitious but risky move to sway voters
PoliticsGreek Politicsthis year. While the constant publicity about the package may have contributed to anticipation
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ELSTAT resumes monthly unemployment updates after review, rate at 8 pct in July
EconomyMacroeconomyunemployment rate in May 2008. Year-on-year, the number of employed people increased by 146,753 people
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