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PM makes limited, cautious changes to cabinet after election disappointment
PoliticsGreek Politicsappointments, drawing on personalities outside of the party fold, like he has done when naming previous
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Strong tax performance and underspend push primary surplus up to 3.15 bln in May
EconomyMacroeconomyperformance of the previous year’s income taxes collected in instalments until the end of February 2024
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Credit expansion reaches just 66 mln of inflows in May
EconomyMacroeconomyThe credit expansion in the Greek private sector was little changed in May, rising by 4.8 percent year-on-year (YoY), from 4.5 percent in the previous month, Bank of Greece (BoG) figures released on Thursday showed. The net lending flow was positive by just 66 million euros after a negative
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Producer prices down by 1.4 pct YoY in May, headed by energy
EconomyMacroeconomy(MoM), the index dropped by 2.9 percent, after falling by 1.7 percent in the previous month. Over
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Manufacturing continues to improve, but June PMI weakest of year
EconomyMacroeconomymanufacturers to raise selling prices, though at a slower rate than previous months as firms
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Unemployment rate almost unchanged at 10.6 pct in May
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate stayed virtually unchanged in May, landing at 10.6 percent, from 10.7 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data showed on Monday. In May last year, the unemployment rate was 11.2 percent. Despite stabilising
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Hotel and catering jobs propel May hiring balance to new record
EconomyMacroeconomyis the highest since the records began in 2001, beating the previous high of May 2017. Total hirings
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Newsletter 431 - 12/07/2024
in the previous month. The average CPI over the 12-month rolling period was 2.8 pct, while month
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Strong tax performance and underspend push 6M primary surplus to 1.7 bln above target
EconomyMacroeconomyto the better performance of the previous year’s income taxes paid by natural and legal persons
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Loans to businesses propel credit expansion of 6.1 pct YoY in June
EconomyMacroeconomyThe credit expansion in the Greek private sector picked up pace in June, rising by 6.1 percent year-on-year (YoY), from 4.8 percent in the previous month, Bank of Greece (BoG) figures released on Thursday showed. The net lending flow was positive by 3.31 billion euros after a movement of just 66
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