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Govt offers more energy subsidies in Jan to cushion impact of high prices
PoliticsGreek PoliticsThe government attempted on Friday to address one of its major policy concerns at the start of 2022, offering broader subsidies for rising energy bills in the hope that it will not suffer politically from the impact inflation is having on Greek househol...
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Economic sentiment on up again after 4.2 pt rise in Jan
EconomyMacroeconomyGreece’s economic sentiment (ESI) continued its upward trend in January, after a pause in December, increasing by 4.2 points to 114.2, according to European Commission figures released on Friday. ESI had dropped by 3.1 points to 110 in December Economic...
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Car sales drop by 8.7 pct in Jan for first drop since Feb 2021
EconomyMacroeconomyRoad motor vehicles going into circulation for the first time dropped by 8.7 percent year-on-year (YoY) in January, following a rise of 21.4 percent in December, according to Hellenic Statistical Authority (ELSTAT) data released on Friday. In January 20...
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CPI reaches 6.2 pct in Jan as inflation hits highest since late 1990s
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) picked up further pace in January, rising by 6.2 percent year-on-year (YoY), following a 5.1 percent increase in December, according to the latest data from the Hellenic Statistical Authority (ELSTAT) released on Tues...
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Central govt primary cash deficit narrows appreciably to 429 mln in Jan
EconomyMacroeconomyGreece’s central government recorded a primary cash deficit of 429 million euros in January, from a deficit of 1.6 billion euros in the same month of 2021, according to figures released by the Bank of Greece on Thursday. The overall cash deficit was 1.6...
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Employment balance negative by 25,804 in Jan as pandemic support is wound down
EconomyMacroeconomyGreece’s employment balance stayed negative in January as departures outpaced hires by 25,804, according to data from the Labour Ministry’s Ergani information system. This followed a negative balance of 2,598 more departures than hires in December. The ...
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Deposits decline by 2.23 bln in customary Jan drop
EconomyMacroeconomyThe net private sector deposit movement in the Greek banking system turned negative in January by 2.23 billion, after rising significantly by 4.29 billion euros in December, based on Bank of Greece (BoG) figures released on Friday. This is the first neg...
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Credit growth slows to 0.9 pct in Jan as loans to enterprises record highest net outflow since 2018
EconomyMacroeconomyCredit movement in the Greek private sector slowed to 0.9 percent year-on-year in January, from a rise of 1.4 percent in December and 1.1 percent in November, Bank of Greece (BoG) figures released on Friday showed. The growth in credit expansion has rem...
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As imports soar, Jan trade deficit jumps by 98.7 pct; worst since Mar 2010
EconomyMacroeconomyGreece’s trade deficit continued its upward trajectory in January, nearly doubling year-on-year by 98.7 percent, from a jump of 79 percent in December, according to data released by the Hellenic Statistical Authority (ELSTAT) on Thursday. The deficit ca...
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In first contraction since Oct 2020, Jan IPI falls by 10.9 pct MoM
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) recorded its first contraction in months, dropping by 0.2 percent year-on-year in January following an upwards revised 8.4 rise in December, according to Hellenic Statistical Authority (ELSTAT) data released on...
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