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Current account shows surplus of 79.7 mln in August
EconomyMacroeconomyGreece’s current account (C/A) balance posted a surplus of 79.7 million euros in August compared... worsened by 1.72 billion euros year-on-year (YoY). According to the BoG, August’s performance stems... percent YoY. The secondary income account’s surplus came to 63.4 million compared to a deficit
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Surge in Covid-19 deaths as work on adjusted 2021 budget nears completion
PoliticsGreek Politicsthey believe are New Democracy’s autocratic tendencies. The government, meanwhile, insists... for this year will be above 10 pct, followed by 5 pct growth in 2021, and Greece’s debt ratio is seen... of 100-200 million euros. While in opposition, New Democracy was critical of SYRIZA’s practice
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Lenders acknowledge reforms, flag up tricky fiscal path ahead
EconomyProgrammesince the pandemic broke. The eighth review since Greece’s final programme was completed... that monitored Greece’s delivery on commitments up to mid-2020. The report will also form the basis... that oversee Greece’s post-programme commitments acknowledge the challenges that have been posed due
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Industrial turnover drops by 10.7 pct in September on decline in petroleum products
EconomyMacroeconomyGreece’s industrial turnover fell by 10.7 percent year-on-year (YoY) in September compared... holds the highest weighting in the index. In other indicators, Greece’s manufacturing PMI slipped..., and declined at the quickest rate for three months. Finally, according to the European Commission’s
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Current account shows deficit of 498.8 mln in September on declining services and oil receipts
EconomyMacroeconomyGreece’s current account (C/A) balance posted a deficit of 498.8 million in September compared... worsened by 1.41 billion euros year-on-year (YoY). According to the BoG, September’s performance.... The secondary income account’s deficit came to 83.9 million compared to a deficit of 198.4 million a year ago
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Plans for easing lockdown on hold as coronavirus, poll numbers cause ND concern
PoliticsGreek Politicssince the company’s poll in June. Since then, support for the ruling centre-right party has dropped... percent to 6 percent, almost 1 point ahead of the Communist Party (KKE) in fourth place. The poll’s... disappointed with the government’s measures. Sixty-eight percent deemed the interventions to help
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High Covid-19 death rate leads to lockdown extension but fails to dampen vaccine scepticism
PoliticsGreek Politicsas other EU countries. According to the Health Ministry’s plans, this would see Greeks being... New Democracy’s lead over SYRIZA but, as with other recent opinion polls, also highlighted... earlier. SYRIZA’s support has also fallen in this survey, from 22.5 pct to 22. There is no change among
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Second lockdown extension as Covid-19 infections remain high
PoliticsGreek PoliticsGreece’s Covid-19 statistics remain stubbornly high, prompting a government rethink on easing... and several of Greece’s northern regions, while a slight increase in recorded cases in Athens has... Lee Bollinger as part of the university’s “World Leaders Forum”, Mitsotakis said that certain types
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Unemployment rate at 16.1 pct in Sept
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate came to 16.1 percent in September from a revised figure of 16.5 percent in August, Hellenic Statistical Authority’s (ELSTAT) data showed... the Labour Ministry’s Ergani database for October showed that the balance was negative with 33,356
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Industrial turnover drops by 14.4 pct in October
EconomyMacroeconomyGreece’s industrial turnover fell by 14.4 percent year-on-year (YoY) in October compared to a drop... weighting in the index. In other indicators, Greece’s manufacturing PMI slipped to 42.3 points... the fastest since data collection began in May 1999. Finally, according to the European Commission’s
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