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Industrial production returns to growth of 2 pct in September
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) returned in positive territory in September, reversing three contractions since June. It grew by 2 percent year-on-year (YoY), after dropping by 0.1 percent... points in the previous month. Since November last year, industry confidence is down by -0.5 points
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Inflation in October doubles to 3.4 pct, food inflation nears 10 pct
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) more than doubled in October, with a 3.4-pct rise year-on-year (YoY), after an increase of 1.6 pct in September, according to the data released on Friday... last year. The harmonised index of consumer prices (HICP) increased by 3.8 pct annually in October, up
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Final budget data for Oct verifies solid tax revenues on back of indirect and income tax haul
EconomyMacroeconomy(MoF) budget execution data released on Monday. In the ten months of the year, the budget... have been revised following the tabling of the final budget for 2024 and this year is not measured... came to 6.58 billion euros. Last year, interest payments were 4.45 billion euros. PIB PIB revenues
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Falling energy costs drive down producer prices by 13.5 pct in Oct
EconomyMacroeconomyGreece’s Producer Price Index (PPI) contracted for the eighth successive month in October, dropping sharply by 13.5 percent year-on-year (YoY), after falling by 4.3 percent in September, ELSTAT data... it grew annually by 9.1 percent. It continued growing over a two-and-half-year period. This has
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Kassalekis goes from blank canvas to empty vessel, blowing open progressive space
Agoraalternative to their former party and to participate in next year’s European Parliament elections... something resembling a manifesto. He insists that SYRIZA can still win next year’s European Parliament... achieved in this year’s national vote, his position could be under threat. But developments outside
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Primary surplus confirmed at 5.83 bln in Nov on back of spending under-execution
EconomyMacroeconomy(MoF) budget execution data released on Wednesday. In the eleven months of the year, the budget... have been revised following the tabling of the final budget for 2024 and this year is not measured... to 6.88 billion euros. Last year, interest payments were 4.59 billion euros. PIB PIB revenues came
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Mitsotakis targets reforms, but day-to-day challenges set to dominate agenda in 2024
PoliticsGreek PoliticsHaving reaffirmed his government’s commitment to reforming and modernising Greece in his New Year... polls consistently show to be the biggest concern among citizens. It is worth noting that this year... is fairing a year after its resounding victory in national elections, and whether the Mitsotakis
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PM changes tune on inflation, ready to take further steps
PoliticsGreek Politicspct year-on-year (YoY) in December, up from 3 pct in the previous month. The aggregate CPI for 2023... in tighter fiscal conditions this year, the centre-right administration cannot repeat the largesse
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Primary surplus lands at 3.92 bln in 2023 thanks to significant underspend and RRF funds
EconomyMacroeconomy(MoF) budget execution data released on Thursday. For the full year 2023, the budget outperformed... following the tabling of the final budget for 2024 and this year is not measured against the initial... for additional state grants. Interest payments came to 7.71 billion euros. Last year, interest payments
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A Greek form of Triangulation
Agoralast year, but food prices were rising by 9 pct at the end of the year. Over the last few weeks... in court in Athens this week to face a defamation lawsuit. Also, almost a year after the train crash
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