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  1. Primary balance at 3.25 bln in Apr, above target thanks to favourable timing
    Photo by MacroPolis

    EconomyMacroeconomy

    , the better performance of the previous year’s income taxes collected in instalments until the end..., as well as, the better performance in the collection of the current year’s taxes. The full revenue... billion euros, above target by 228 million. Last year, interest payments reached 3.24 billion euros

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  2. Vehicles licences jump by 36.3 pct in Apr thanks to strongest car sales since 2010
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    Road motor vehicles going into circulation for the first time grew by a strong 36.3 percent year-on-year (YoY) in March, after a contraction of 9.2 percent in March, according to Hellenic Statistical... a year earlier to 8,748. In the first four months of 2024, road motor cars have risen by 9.8 percent

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  3. Slow pace at which RRF funds reaching firms a growing issue

    Economy

    of investment growth than those of the Finance Ministry. For growth to reach the region of 2 pct this year... of a strategy adopted last year to keep building on the existing yield curve, improving... in January and 3 billion euros in April via a 30-year benchmark. This brings the execution of this year’s

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  4. Building permits jump by 77.8 pct in Feb for second highest rise since pandemic
    Photo by MacroPolis

    EconomyMacroeconomy

    The strong start to the year continued for building permits, with a rise of 77.8 percent year-on-year (YoY), after a 15.1 percent increase in January, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Tuesday. This is the third largest annual rise in building activity

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  5. Despite further slowdown, property prices grew by 10.4 pct in Q1
    Photo by MacroPolis

    EconomyMacroeconomy

    The growth in the nominal value of apartments in Greece continued at a steady pace in the first quarter of 2024, increasing by 10.4 percent year-on-year (YoY) from an upwards revised 12.4 percent... in Q1 last year, and 95.5 points in Q4 2023. The index peak was in Q3 2008 when it was at 102.2

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  6. Credit growth unchanged in April at 4.5 pct, flow turns negative
    Photo via https://flic.kr/p/95a2dS

    EconomyMacroeconomy

    The credit expansion in the Greek private sector was unchanged in April, rising by 4.5 percent year-on-year (YoY), Bank of Greece (BoG) figures released on Wednesday showed. At 6.3 percent, December..., although it did accelerate over the second half of last year. The net lending flow was negative by 789

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  7. Economic sentiment improves further in May, consumer confidence dips
    Photo by MacroPolis

    EconomyMacroeconomy

    points from June last year. The average ESI in the EU stood at 96.5 points in May, from 96.2 points... year, industry confidence is now down by only 0.4 points. The services index had another solid rise... year when it was at 18.2 points. Construction confidence returned to positive territory at 5.9 points

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  8. Growth in vehicle registrations slows in May, up 7.7 pct in first five months
    Photo by MacroPolis

    EconomyMacroeconomy

    Road motor vehicles going into circulation for the first time dropped by 0.8 percent year-on-year (YoY) in May, after a strong 36.3 percent jump in April, according to Hellenic Statistical Authority... decreased by 4 percent from a year earlier to 7,924. In the first five months of 2024, road motor cars have

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  9. Greece sticks to debt repayment strategy amid uncertainty caused by EU elections
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    compared to the 41 pct it got just one year ago in the national elections, Prime Minister Kyriakos... that the government intends to prepay the three-year period of 2026 to 2028 for a total amount... buffer was to cushion Greece from any market turbulence following the exit from an eight-year period

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  10. Strong tax performance and underspend push primary surplus up to 3.15 bln in May
    Finance Ministry

    EconomyMacroeconomy

    performance of the previous year’s income taxes collected in instalments until the end of February 2024... as, the better performance in the collection of the current year’s taxes. The full revenue breakdown..., above target by 230 million. Last year, interest payments were 3.42 billion euros in the same period

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