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Solid conditions in manufacturing continue with PMI at 53.2 in April
EconomyMacroeconomyGreece’s Manufacturing PMI saw a solid rise in April, when it reached 53.2 points from 55 points in the previous month, according to S&P Global data released on Friday. The manufacturing sector showed a solid improvement in operating conditions at the start of the second quarter, marking one
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Piraeus Bank profit at 284 mln in Q1, commissions income up to 160 mln
EconomyBankingmillion euros, from a 4 million euros loss in the previous year. Total operating expenses stood
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Significant underspend and strong tax revenues push primary surplus to April above 5 bln
EconomyMacroeconomyof the previous year’s income taxes collected in instalments until the end of February 2025. Also
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Macro and fiscal outlook for Greece remain favourable in latest EC forecasts
EconomyMacroeconomyThe European Commission published on Monday its latest spring forecasts, which leave the macro and fiscal outlook for Greece broadly unchanged from the previous estimates, with the Greek economy seen outperforming eurozone growth by some margin. For last year, the Commission notes that domestic
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Q1 travel receipts up 4.4 pct YoY, arrivals also on the rise
EconomyMacroeconomy. This compares with 2.33 million in the previous year.
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ND tries to contain farm payments scandal as leftists disagree over Tempe inquiry
PoliticsGreek Politics, which had already removed the previous OPEKEPE chief to install Salatas, a former judge, on a temporary
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Building activity records another sharp drop of 21.9 pct YoY in Feb
EconomyMacroeconomyto 6.2 points, from 13.6 in the previous month. The index is down roughly 8 points on the rolling
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Unemployment hits 8.3 pct in Apr for newest low since 2008
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate edged down to 8.3 percent in April, from 8.6 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data showed on Friday. In April last year, the unemployment rate was 10.8 percent. Despite minor fluctuations in recent months
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Rise in producer prices eases to 0.5 pct YoY, in growth for four straight months
EconomyMacroeconomyby 2.8 percent, from a minor drop of 0.2 percent in the previous month. Over the rolling 12-month period
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Credit growth stays strong in April with 10.9 pct YoY rise, credit to corporations stalls MoM
EconomyMacroeconomyThe credit expansion in the Greek private sector remained strong in April, rising by 10.9 percent year-on-year (YoY), from 10.3 percent in the previous month, Bank of Greece (BoG) figures released on Friday showed. The net lending flow was negative by 98 million euros after an inflow of 1.95
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