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  1. Primary balance 4 bln above target in Jul due to underspend and tax performance
    Image: MacroPolis

    EconomyMacroeconomy

    is mainly due to the better performance of the previous year’s income taxes paid by natural and legal... in the collection of the current year’s taxes, such as VAT and excise taxes. The full revenue breakdown... billion euros, above target by 436 million. Last year, interest payments were 5 billion euros in the same

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  2. Building activity's upward course halts in May with 19.6 pct YoY drop
    Photo by MacroPolis

    EconomyMacroeconomy

    The strong start to the year for building activity halted in May, with a sharp drop of 19.6 percent year-on-year (YoY), after a rise of 40.1 percent in April, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Wednesday. The total number of permits issued in May reached

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  3. Economic sentiment slides further in Aug, consumer confidence drops sharply
    Photo by Gerasimos Domenikos/Fosphotos

    EconomyMacroeconomy

    the rolling 12-month period, the ESI in August is 1.2 points below September last year. The average ESI... in the previous month. Since September last year, industry confidence is now down by 1.7 points. The services... points, from 19.3 in July, now down almost 5 points from September last year. Construction confidence

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  4. Athens not put out by Turkey-Egypt rapprochement, but watching closely
    Image: https://www.presidency.eg/en/

    PoliticsForeign Policy

    Mohamed Mursi, a Turkish ally who had become Egypt's first democratically elected president the year before. But just last year, Ankara and Cairo mutually reappointed ambassadors and Turkey said it would... this year’s EU-Egypt 7.4-billion-euro financial package, which Greece has strongly backed, to support

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  5. SYRIZA consumed by new leadership drama as PASOK rubber stamps candidacies
    Image: https://www.syriza.gr/

    PoliticsGreek Politics

    after last year’s poor election results, which led to Kasselakis – almost a complete unknown... after a failed bid last year. Most of the attention, though, is on Kasselakis and whether he intends... politics. Since Kasselakis’s victory last year, the party has allowed itself to become something of a soap

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  6. Property prices see steady increase of 9.2 pct in Q2, pace of rise moderates further
    Image: MacroPolis

    EconomyMacroeconomy

    The growth in the nominal value of apartments in Greece continued at a steady pace in the second quarter of 2024, increasing by 9.2 percent year-on-year (YoY) from an upwards revised 10.6 percent..., at 91.3 in Q2 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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  7. Kasselakis ousting confirmed as SYRIZA slips in polls, which also carry warnings for ND

    PoliticsGreek Politics

    his three-year term as leader had finished was not in line with the party’s regulations. Kasselakis had served just under a year of his term as SYRIZA president. Kasselakis responded to Thursday’s... in June’s European Parliament elections and well short of the general election result last year, when

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  8. Industry boosts economic sentiment, consumer confidence at lowest in almost 2 yrs
    Photo by MacroPolis

    EconomyMacroeconomy

    12-month period, the ESI in September is roughly 5 points above October last year. The average ESI... year, industry confidence is now up by circa 13 points. The services index had a minor recovery to 41.1... almost 1 point from October last year. Construction confidence also dropped to 5.2 points, from 9.8

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  9. Government sets out fiscal plan, prepares multi-bill in shadow of deadly wildfire

    PoliticsGreek Politics

    for this year to 2.2 pct, increasing to 2.3 pct next year. The primary surplus for this year is expected

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  10. Sale of 10 pct stake in NBG ups taxpayer losses from banks to 34 bln
    Photo by MacroPolis

    EconomyBanking

    that took place in November last year with the placement of a 22 pct HFSF stake, which was also met... this point as, in less than a year, the transaction prices increased by almost 39 pct and the 182.9 million shares made available last year have surrendered gains of 384 million euros. Legacy issues

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