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Trade deficit grows by 5.7 pct in Nov, aggregate increase at 1.6 pct
EconomyMacroeconomyGreece’s trade deficit rose by 5.7 percent year-on-year (YoY) in November compared to a slight decline of 0.6 percent in October, data from the Hellenic Statistical Authority (ELSTAT) released... by 10.3 percent YoY in November. The aggregate figure for the first 11 months of the year showed
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CPI up by 0.6 pct in Dec, matching annual average increase for 2018
EconomyMacroeconomyof deflation, 2017 marked the first year of consistent price rises in Greece across 12 months. In 2018... percent, respectively. The harmonised index of consumer prices (HICP) rose by 0.6 percent year-on-year in December. Month-on-month, the HICP fell by 0.1 percent. The overall CPI increase on an annual
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Looming vote on Prespes Agreement triggers political upheaval
PoliticsGreek Politicsof the crowd at 60,000, which, if accurate, is lower than the rallies held early last year and far... member of KINAL’s political council who was opposed to the Prespes Agreement last year. She overruled... to have been shaped by the public outcry to the deal last year and the fact that New Democracy
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Athens poised to unveil new minimum wage as post-MoU review continues
EconomyProgrammebillion or 200 percent of the quota. Greece as of the end of last year had an outstanding balance... this election year that could impact investments and the overall competitiveness prospects of the economy... wages and profit taxes by broadening the tax base next year through the reduction of the tax-free
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New Democracy counters SYRIZA's offensive, unveils renewal effort
PoliticsGreek Politics-subscription for the five-year bond, which raised 2.5 billion euros at a yield of 3.6 percent... year’s lower tax-free threshold, which the government pre-legislated in 2017, will eat away a large... cuts were this year. Regarding the bond, the conservatives’ main line of attack is that it only had
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ND keeps pressure on PM over minister as Tsakalotos muses on fiscal targets
PoliticsGreek Politicsthe suspicious nature of a minister obtaining such funding in an election year, while also calling... so far was 5 billion in the first year and another 4 billion over the next four years,” said... competitiveness on other aspects. I hope that this year, Greece will improve its score on the various
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PMI at 54.2 in Feb as new clients and overseas orders spur growth
EconomyMacroeconomyin February at the quickest rate in a year, driven by a rise in new clients and increased customer... month. Employment growth was also reported during the month. Regarding output in the year ahead... of the year. Exports showed positive signs, along with increased job creation. Price rises were observed
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Parliamentary report highlights demographics challenge and urges immediate action
Societyand deteriorating demographic balance,” the report said. Shrinking population Earlier this year..., the average number of births per year from 2018 to 2035 is unlikely to pass 95,000. An analysis... the European average for the same year which was 1.5 children per woman. This led to Greece’s population
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Trade deficit up by 5.1 pct in Jan as imports rise, exports edge down
EconomyMacroeconomyGreece’s trade deficit increased by 9 percent year-on-year (YoY) in January, accelerating from the 5.1 percent rise seen in December, data from the Hellenic Statistical Authority (ELSTAT) showed..., dropping by 1.5 percent from January last year. Broken down by geography, imports from non-EU
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Car sales rise by 15.7 pct in Feb
EconomyMacroeconomy. In February 2018, the year-on-year rise came to 33.1 percent. Car sales for the month came to 15,404.... In the aggregate period last year, motorcycle sales rose by 65.1 percent. A contributing factor
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