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Newsletter 512 - 10/07/2026
a prominent role in developments in the trade balance this year as the deficit in May dropped by 15.7 pct
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Greece relies on labour, VAT and green taxes more than any EU member
EconomyFeaturescategories. This move aims to stabilise the social‑security fund but may further impact the already high
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New passenger cars push June sales to highest since 2010
EconomyMacroeconomyThere was a solid increase in the number of vehicles going into circulation for the first time in June, when they rose by 8.3 percent year-on-year (YoY) in June, after an increase of 4 percent in May, according to Hellenic Statistical Authority (ELSTAT) data released on Tuesday. In June 2025
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PM offers more fuel relief as path to TIF pledges becomes more treacherous
PoliticsGreek Politicsthe funding source for the diesel subsidy, suggesting it may derive from excess VAT revenue on fuel
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Building activity slows in April with 4.2% YoY rise
EconomyMacroeconomythe construction code unconstitutional on environmental grounds. May 2025 was the first positive reading
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Unemployment rate stable at 8% in June
EconomyMacroeconomypercent in July 2013. The series low is a 7.1 percent unemployment rate in May 2008. Year-on-year
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Newsletter 515 - 31/07/2026
of inconsistency and suggesting the diesel subsidy may be funded by excess VAT revenue. But PASOK
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PM urges ministers to focus on delivery, not be distracted by likely long election campaign
PoliticsGreek Politicsmay submit up to 10 proposals each for costing, with submissions closing 120 days before the election
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Manufacturing conditions continued to improve in July, despite cost pressures
EconomyMacroeconomyto build safety stocks may dissipate in the coming months, although this will remain conditional
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Trade deficit continues to drop, falling by 5% in H1
EconomyMacroeconomyGreece’s trade deficit continued its sharp decline in June with an 18.1 percent year-on-year (YoY) drop, after a fall of 15.7 percent in May, according to data released by ELSTAT on Friday. The deficit came to 2.62 billion euros for June. Imports totalled 7.62 billion euros, up by 6.5 percent YoY
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