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Piecemeal process likely in drive for more fiscal space
EconomyProgrammebe transferred from one year to the next. This will create an estimated 0.3 pct of GDP extra fiscal space. New..., and the further reduction of the social insurance contributions, which combined with this year’s... that the reduction in borrowing costs alone since the start of the year has created already fiscal space of 2
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Car sales rise by 8.3 pct in January
EconomyMacroeconomyon Tuesday. In January 2019, the year-on-year rise came to 9.2 percent. Car sales for the month came... sales rose by 13.2 percent in 2019, totalling 185,120. The remaining sales of last year were made up
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CPI rises by 0.9 pct in January
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) increased by 0.9 percent year-on-year in January following a rise of 0.8 percent in December, Hellenic Statistical Authority (ELSTAT) figures showed on Friday... from December, compared to a monthly drop of 1.8 percent in January a year ago. The core index edged
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New businesses lowest in Greece versus EU with funding obstacles burdening enterprises
EconomyFeatures, Greece has remained in bottom place since 2015, the year for which the data set first became... additional companies registered in 2019 than delisted. This equals an increase of 85.8 percent year-on-year in the balance for 2019 versus 2018. The positive balance for companies listing in 2019
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Travel balance surplus up by 10.9 pct in 2019 as 31.3 mln visitors roll in
EconomyMacroeconomyGreece’s travel balance rose to a surplus of 42.7 million euros in December according to Bank of Greece (BoG) data released on Friday, representing a rise of 84.6 percent compared to the same time last year. Receipts came to 288.9 million euros, increasing by 6.1 percent year-on-year (YoY). Travel
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PBO sees encouraging signs for economic and fiscal outlook
EconomyMacroeconomypercent on an annual basis in the third quarter of last year, after a series of seven rises. At the same... about last year’s rise of minimum wage and the impact on employment and the competitiveness... euros a year earlier, or just 3.5 percent. The pace of tax debts is also slowing down. Combined
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Losing game: Another doomed effort to revive Greek football?
Agoraattendance in the Greek Super League almost halved to around 3,500. There was a slight increase last year..., bucking the trend in Europe, where last year there were 28 countries in which at least half of all... government had to step in two years ago to offer seven Super League clubs that had no TV deal a two-year
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Retail turnover edged up by 0.2 pct in Dec, annual increase at 1.3 pct
EconomyMacroeconomyreading is the seventh positive reading for the year so far. Overall, the average turnover for 2019 landed...-on-month to 27.5 points, and showed an improvement of 14.2 points year-on-year. The overall economic
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Trade deficit falls by 9.8 pct in January
EconomyMacroeconomyGreece’s trade deficit dropped by 9.8 percent year-on-year (YoY) in January compared to a decline of 7.2 percent in December, data from the Hellenic Statistical Authority (ELSTAT) released on Monday..., recording a rise of 13.5 percent compared to the same month last year. A breakdown of the figures
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Overdue social security contributions edge down to 35.38 bln in Q4
EconomyMacroeconomytransferred to KEAO. KEAO noted that within the final quarter of the year, 33,231 debtors from the IKA/ETAM... came to 1.37 billion, increasing to 1.47 billion in 2019, a rise of 7.1 percent year-on-year
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