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Retail sales drop by 8.6% in 2020 as e-shops prosper but many sectors suffer
EconomyMacroeconomyThe complete picture of a dire year for the retail sector in Greece was captured on Tuesday when the Hellenic Statistical Authority (ELSTAT) released the full-year results for the sector. Having endured various restrictions throughout the year and sever...
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Economic sentiment rises to 91.9 points in February despite drop in consumer confidence
EconomyMacroeconomyGreece’s economic sentiment (ESI) rose by 1.2 points month-on-month in February to reach 91.9 points, European Commission (EC) figures showed on Thursday. During the month, the Employment Expectations Indicator (EEI) for Greece came to 106.1 points comp...
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Greece falls behind on gender equality due to drop in political empowerment
SocietyGreece has been singled out for its poor performance in the global rankings of the World Economic Forum (WEF) 2021 Global Gender Gap Report. The report measures how far countries have progressed towards closing the gap between women and men in the areas...
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Current account deficit narrows to 840.3 mln in Feb as imports drop
EconomyMacroeconomyGreece posted a current account (C/A) deficit of 840.3 million euros in February compared to 435.7 million euros in January, Bank of Greece (BoG) data showed on Tuesday. In February 2020, the balance showed a deficit of 1.15 billion euros, meaning that ...
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University exam results stir political differences as entrance numbers drop
PoliticsGreek PoliticsA row erupted between the government and the opposition on Friday as the results of university entrance exams were published, revealing that the number of students going into tertiary education will fall by more than 20 pct this year. New Democracy adde...
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As restrictions drop away, Apr travel balance beats even pre-Covid levels
EconomyMacroeconomyGreece’s travel balance recorded a surplus of 432.1 million euros in April, from 77 million euros in March, according to Bank of Greece (BoG) data released on Tuesday. April’s balance was significantly higher than the 3.2 million euros registered in Apr...
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Deposit rise of 1.3 bln in May led by corporates as household savings drop
EconomyMacroeconomyThe net private sector deposit movement in the Greek banking system in May stayed positive at 1.31 billion euros, from 1.35 billion euros in April, and negative movement of 989 million seen in March, based on Bank of Greece (BoG) figures released on Wed...
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Output and new orders drop to lowest since Mar 2021, forcing PMI down by 2.7 pts
EconomyMacroeconomyGreece’s Manufacturing PMI dropped by 2.7 points in June to 51.1 points, according to S&P Global data released on Friday. June’s PMI captured only a marginal improvement in the operating conditions of the Greek manufacturing sector and the slowest in th...
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Subdued start for building activity as permits record back-to-back drop in May
EconomyMacroeconomyThe decline in building permits slowed in May, falling by just 0.4 percent year-on-year (YoY), after a 10 percent decline in April, according to the latest data released by the Hellenic Statistical Agency (ELSAT) on Tuesday. This is the second contracti...
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Growth in producer prices slows to 29.4 pct in Sep amid another monthly drop
EconomyMacroeconomyThe pace of Greece’s Producer Price Index (PPI) annual growth slowed down further in September, although it rose by 29.4 percent year-on-year (YoY) following a 39.5 percent increase in August, ELSTAT data said on Thursday. The index was in negative terr...
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