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Inflation and property data cloud economic picture
EconomyMacroeconomyreleased last week was virtually unchanged at 3.1 pct year-on-year (YoY) from the previous month
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Party leaders dispute response to cost-of-living crisis
PoliticsGreek Politicsthat the cost of SYRIZA’s suggested measures over a four-year term would amount to almost 46 billion euros... increased at a higher rate than the EU average since July last year. He said that the gap between
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Parties get salty over cheese prices as cost of living debate heats up
PoliticsGreek Politicsbillion euros (more than a quarter of Greece’s annual GDP) over a four-year term. Mitsotakis argued... billion euros each year for the budget, meaning any decision to lower or scrap the levy would have
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Watchdog's ruling in voter email leak prompts opposition calls for minister to resign
PoliticsGreek Politicsprotection laws after diaspora Greeks complained earlier this year about receiving unsolicited emails from... for the sole purpose of registering for voting from abroad in last year’s general elections. According
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Rise of deposits moderates to 384 mln in April
EconomyMacroeconomyThe net private sector deposits in the Greek banking system increased in April with a rise of 384 million euros, after a 1.67-billion-euro rise in March, based on the latest Bank of Greece (BoG) figures released on Wednesday. The annual growth in April was 2.8 percent year on year (YoY), from 2.6
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Imports soar in April, pushing trade deficit up by 35.6 pct
EconomyMacroeconomyGreece’s trade deficit recorded a jump of 35.6 percent year-on-year (YoY) in April, after a drop of 7 percent in March, according to data released by ELSTAT on Friday. The deficit came to 3.01 billion euros for April. Imports totalled 7.48 billion euros, rising by almost 20 percent YoY. Exports
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CPI slows to 2.4 pct in May as food price increases ease
EconomyMacroeconomyThe growth in Greece’s Consumer Price Index (CPI) slowed down in May with a rise of 2.4 percent year-on-year (YoY), after an increase of 3.1 percent in the previous month, according to the data released on Monday by the Hellenic Statistical Authority (ELSTAT). The average CPI for the rolling
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Wages index continues growth in Q1 with 6.8 pct YoY rise
EconomyMacroeconomyGreece’s seasonally adjusted (SA) Wages Index maintained a solid growth trend in Q1, rising by 6.8 percent year-on-year (YoY), from 6.3 percent growth in the last quarter of 2023, Hellenic Statistical Authority (ELSTAT) figures showed on Friday. The wages index captures employees’ gross earnings
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Energy forces import prices upwards again with 2 pct increase YoY in Apr
EconomyMacroeconomyGreece’s import price index stayed on positive ground in April, rising by 2 percent year-on-year (YoY), after a 1.3 percent increase in March, according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday. After 13 months of consecutive negative readings the index resumed
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VAT and income tax takings plus 721 mln underspend lead to 3.2 bln primary surplus in May
EconomyMacroeconomyThe budget primary balance was confirmed at a surplus of 3.2 billion euros in May, compared to a surplus of 2.3 billion euros in the same month a year earlier, according to the final Finance Ministry... to 3.76 billion euros. Last year, interest payments were 3.42 billion euros. PIB PIB revenues came
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