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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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Greece locked in talks with Egypt over monastery, struggles to gain footing in Libya
PoliticsForeign Policyin previous negotiations. The core dispute is about the property rights to the monastery’s buildings
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Revenues continue beating targets in May, tight rein on spending remains
EconomyMacroeconomyperformance of the previous year’s income taxes collected in instalments until the end of February 2025
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Solid April for travel receipts, improving balance by 3.5 pct YoY in 4M
EconomyMacroeconomywith 3.9 million in the previous year.
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Building activity collapses by 41.3 pct YoY in Mar due to uncertainty over construction code
EconomyMacroeconomydropped further to 6.2 points, from 13.6 in the previous month. The index is down roughly 8 points
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Rise in producer prices accelerates to 2 pct YoY in May for fifth straight increase
EconomyMacroeconomyby 1.5 percent, from a drop of 2.8 percent in the previous month. Over the rolling 12-month period
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Lending to corporations drives credit growth of 11.3 pct YoY in May
EconomyMacroeconomyThe credit expansion in the Greek private sector remained strong in May, rising by 11.3 percent year-on-year (YoY), from 10.9 percent in the previous month, Bank of Greece (BoG) figures released on Monday showed. The net lending flow was positive by 518 million euros after an outflow of 98 million
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PMI remains in expansion at 53.1 in June, though firms see export and cost challenges
EconomyMacroeconomyGreece’s Manufacturing PMI was again virtually unchanged in June at 53.1 points, from 53.2 in the previous month, according to S&P Global data released on Tuesday. The manufacturing sector continued to expand in June mostly thanks to domestic business, as new export orders fell at a slightly faster
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