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More lost ground made up in Aug as travel surplus nears 3 bln
EconomyMacroeconomyGreece’s travel balance recorded a surplus of 2.97 billion euros in August, from 1.32 billion euros a year ago, when the tourism sector rounded off a rather tentative peak season due to the pandemic outbreak, according to Bank of Greece (BoG) data relea...
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Where is Odysseus? Part 3 - Participation
AgoraWe continue to trace the progress of Odysseus, who started a long voyage in 2018 to help bring Greece home to a sustainable and prosperous economy, seeking to navigate a high debt ratio of 185 percent of GDP towards a debt ratio of 60 percent of GDP. Th...
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Unemployment rate hovers at 12.5 pct in May, improves by 3 pps on last year
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate stayed unchanged in May, dropping to 12.5 percent, from an upwards revised 12.6 percent in April, Hellenic Statistical Authority (ELSTAT) data showed on Thursday. In the same month last year, the unemp...
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Current account deficit narrows to 5.63 bln up to April, down 3 bln YoY
EconomyMacroeconomyGreece’s current deficit in April narrowed to 1.78 billion euros, from 2.4 billion euros in March, Bank of Greece (BoG) data showed on Tuesday. In April 2022, the balance showed a deficit of 1.66 billion euros, while in April 2021 the current account po...
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VAT, income taxes help push May budget primary balance above target by more than 3 bln
EconomyMacroeconomyThe budget primary balance in May was confirmed to be a surplus of 2.3 billion euros, compared to a deficit of 1.49 billion euros in the same month of 2022, according to the final Finance Ministry (MoF) budget execution data released on Monday. In the f...
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Current account deficit narrows further in May, down by over 3 bln in first five months
EconomyMacroeconomyGreece’s current deficit narrowed to 1.65 billion euros in May, from 1.78 billion euros in April, Bank of Greece (BoG) data showed on Friday. In May 2022, the balance showed a deficit of 2.08 billion euros, while in May 2021 the current account posted a...
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Economic sentiment unchanged in Dec, consumer confidence improves by 3 pts
EconomyMacroeconomyGreece’s economic sentiment (ESI) was virtually unchanged in December, falling marginally to 106 points, from 106.2 in the previous month, according to European Commission figures released on Wednesday. Over the rolling 12-month period, December’s ESI i...
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Industrial turnover resumes growth after 3 months, rising by 2.6 pct YoY in May
EconomyMacroeconomyGreece’s industrial turnover turned positive in May, with a rise of 2.6 percent year-on-year (YoY), from a 9.2 percent decrease in April, according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday. This is the first positive rea...
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Lenders set out 49 milestones for Greece to meet before next bailout tranche
EconomyProgrammefor the signing of the MoU and 3 relate to the repeal of roll-backs on previous programme legislative...) 3) Amendments to the household insolvency law mainly related to tightening the eligibility criteria... retirement law for the public sector 3) Circular implementing a pension law for the public sector
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European Commission review of Greek programme: The key points
EconomyProgrammethe end of August 2014. Following the recent 5-year bond issue of 3 billion, these needs have been... through repo operations which would fetch up to 3 billion and b) use of idle resources available in other... and 3 pp in 2015-16. After a material improvement in 2013, the Current Account (C/A) balance
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