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Current account deficit for Jan-Feb at 4.12 bln, significantly higher than 2021
EconomyMacroeconomyGreece posted a current account (C/A) deficit of 2.12 billion euros in February, from 1.99 billion euros in January, Bank of Greece (BoG) data showed on Wednesday. In February 2021, the balance showed a deficit of 761.7 million euros, while in February ...
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Building permits turn negative for first time in more than a year, falling by 10 pct in April
EconomyMacroeconomyThe growth in building permits stopped in April, dropping by 10 percent year-on-year (YoY), after it had slowed down in March, rising by 2.8 percent, according to the latest data released by the Hellenic Statistical Agency (ELSAT) on Thursday. This is t...
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EC cuts 2023 growth forecast by more than half to 1 pct
EconomyMacroeconomyIn the European Commission’s autumn economic forecasts just released, Brussels confirmed a solid year of growth for Greece in 2022 and a significant downward revision of next year’s estimate. Greece is expected to grow by 6 pct in 2022 in real terms, up...
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Current account deficit widens to 2.4 bln in Mar, oil deficit more than doubles
EconomyMacroeconomyGreece’s current deficit in March widened to 2.4 billion euros, from a deficit of 1.32 billion euros in February, Bank of Greece (BoG) data showed on Monday. In March 2022, the balance showed a deficit of 2.53 billion euros, while in March 2021 the curr...
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Eurobank's NII jumps by 56.2 pct in H1 to more than 1 bln
EconomyBankingEurobank posted an adjusted net profit of 598.5 million euros in H1 2023, compared to a profit of 755 million euros last year, a drop of 20.7 percent. The profit was adjusted by normalising other income, after deducting significant trading income items ...
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Wages index rises by 8 pct YoY in Q2, taking growth to more than 2 years
EconomyMacroeconomyGreece’s seasonally adjusted (SA) Wages Index maintained a solid growth trend in Q2, rising by 8 percent year-on-year (YoY), from 7.4 percent growth in the first quarter of 2024, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday. The wa...
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Greece tops EU tables for lawyers but also pending administrative court cases
Societymore cases than were submitted. When the cases are broken down into different categories, litigious.... General government total expenditure on law courts was lower in Greece than among most western... for this. The foreign business perception of the Greece’s judicial independence was also lower than
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Newsletter 413 - 23/02/2024
that the rule of law in the country was in a stronger position than ever and that the only arbiter of its... for New Democracy. More than seven in ten say the government is doing a bad job on the cost of living... the most vulnerable in society. The data shows that the poorest households spend more than a quarter
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Famellos aims for fresh start but existential questions dog SYRIZA
PoliticsGreek PoliticsThe latest conference held by SYRIZA, Greece’s fading leftist party, raised more questions than... Kasselakis in 2023. However, rather than Kasselakis, it was the ghost of Alexis Tsipras that haunted..., became vacant earlier than expected when Maria Syreggela opted to step down well ahead of the party’s
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Positive mood but little substance in Tsipras's Turkey visit
PoliticsForeign Policybreakthrough on Wednesday either with regard to the refugee crisis or the crucial issues related to bilateral... at the end of his trip. Bilateral issues There appeared to be no movement on the various unresolved bilateral issues during Tsipras’s visit to Turkey. The Greek side seems pleased that Tsipras raised
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