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  1. Led by sharp drop in purchases of new vehicles, car sales decline by 5.6 pct in Sep

    EconomyMacroeconomy

    Road motor vehicles going into circulation for the first time rose by 4.4 percent year-on-year (YoY) in September, after a drop of 5.8 percent in August, according to Hellenic Statistical Authority (ELSTAT) data released on Friday. In September 2023, licences had grown by 15.6 percent annually. Car

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  2. Building activity returns to growth with 15.2 pct YoY rise in Jul
    Photo by MacroPolis

    EconomyMacroeconomy

    Building activity returned to growth in July, with a rise of 15.2 percent year-on-year (YoY), after a sharp drop of 1.7 percent in June, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Thursday. The total number of permits issued in July reached 2,792, from 2,423

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  3. VAT and income tax boost revenues, budget underspend at 4.25 bln in Sep
    Photo by MacroPolis

    EconomyMacroeconomy

    The budget primary balance was confirmed at a surplus of 8.74 billion euros in September, compared to a surplus of 5.3 billion euros in the same period a year earlier, according to the final Finance... year, interest payments were 6.4 billion euros. PIB PIB revenues came to 3.6 billion euros, 697

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  4. Boosted by corporations, Sep deposits reach highest since Apr 2011
    Photo via https://flic.kr/p/2a8kbGu

    EconomyMacroeconomy

    of Greece (BoG) figures released on Friday. The annual growth in September was 3.3 percent year on year (YoY), from also 3.3 percent in the preceding month. The outstanding balance of private sector

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  5. Drop in retail sales accelerates to 1.8 pct YoY in Aug, fall in volumes sharper
    Photo by Pavlos Svoronos/Fosphotos

    EconomyMacroeconomy

    Greece’s retail sales saw an accelerated drop of 1.8 percent year-on-year (YoY) in August, after a marginal decline of 0.2 percent in July, Hellenic Statistical Authority (ELSTAT) data showed on Thursday. The corresponding volume index experienced an even sharper decline of 5.2 percent YoY. Retail

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  6. PM puts tax cuts front and centre in bid to win back voters
    Image: https://www.primeminister.gr/

    PoliticsGreek Politics

    Ministry show tax revenues approaching 49 billion euros in the first nine months of the year... to this group of professionals paying higher taxes this year. The change in the taxation scheme

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  7. CPI moderates to 2.4 pct YoY in Oct, food inflation below headline number
    Photo by Gerasimos Domenikos/Fosphotos

    EconomyMacroeconomy

    The growth in Greece’s Consumer Price Index (CPI) moderated in October with a rise of 2.4 percent year-on-year (YoY), after an increase of 2.9 percent in the previous month, according to the data released on Friday by the Hellenic Statistical Authority (ELSTAT). The average CPI for the rolling

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  8. Vehicle sales down by 2.3 pct YoY in Oct due to sharp drop in new cars
    Photo by MacroPolis

    EconomyMacroeconomy

    Road motor vehicles going into circulation for the first time rose by 2.1 percent year-on-year (YoY) in October, after a rise of 4.4 percent in September, according to Hellenic Statistical Authority (ELSTAT) data released on Wednesday. In October 2023, licences had grown by 38.9 percent annually

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  9. Ruling party tension boils over as Mitsotakis ousts ex-PM and right wing figurehead Samaras
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    PoliticsGreek Politics

    this year. Samaras, along with almost a third of New Democracy’s parliamentary group, did not support... to be taken early next year on who will be put forward by Mitsotakis as a candidate for Greece’s

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  10. Central govt debt at 404.29 bln thanks to drops in short-term notes and repos

    EconomyMacroeconomy

    euros expected towards the end of the year for the maturities of 2026 to 2028. The weighted average... short-term (up to 1 year) and medium-term (1 to 5 years) debt accounted for 15.5 percent and 12.8

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