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Travel balance up to Nov reaches 15.62 bln, arrivals down 11 pct on 2019
EconomyMacroeconomyGreece’s travel balance recorded a surplus of 180 million euros in November, from 1.31 billion euros in October, according to Bank of Greece (BoG) data released on Monday. November’s balance... pandemic. Most notably, November’s balance is higher than the 108.8 million euros of November 2019
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Sentiment edges up by 1.4 pts in Jan, consumer confidence unchanged
EconomyMacroeconomyGreece’s economic sentiment (ESI) showed more signs of recovery in January, rising by 1.4 points..., rising by 1.5 points from the previous month. The euro area’s ESI was 95.8 points, also up by 2.3 points from December. The recovery in Greece’s consumer confidence following the sharp pandemic drop
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Unemployment steady at 11.6 pct in Dec, employed rise by almost 80,000 YoY
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate remained stable in December at 11.6 percent, unchanged from November, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday. In December... data from the Labour Ministry’s Ergani database showed that Greece’s employment balance moved
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Economic sentiment improves for fourth straight month in Feb
EconomyMacroeconomyGreece’s economic sentiment (ESI) continued its recovery trend in February, rising by 1.6 points..., unchanged from the previous month. The euro area’s ESI was 99.7 points, also virtually unchanged. January’s consumer confidence was significantly upwards revised to -41.4 points, from -47.9 points
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Unemployment drops to 10.8 pct in Jan, lowest since debt crisis began
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate experienced a notable drop in January, falling... years bracket was 9.8 percent. The latest available data from the Labour Ministry’s Ergani database showed that Greece’s employment balance was negative by 27,611 positions in January. During the full
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Minister pledges swift resolution as public anger over rail crash mounts
PoliticsGreek PoliticsGreece’s newly appointed Transport Minister outlined the government’s immediate response to the deadly train collision at Temple in a press conference on Wednesday, on the same day as unions called... Theodorikakos ordered an inquiry into the incidents and invited the organisers of Wednesday’s protests
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Does the EU Commission suffer from optimism bias? (Part 2)
Agorato be based on too-favorable labor productivity growth assumptions. The Commission’s Reports explain..., as consistent with an optimism bias in the spirit of Mr. Kahneman’s research. *Bob Traa... Commission for assessment of Greece’s fiscal plans, the Greek government “adopts” the long-run
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ND suffers ratings blow after train crash, hopes time is on its side
PoliticsGreek PoliticsThe first opinion poll since last week’s deadly train crash suggests that support for New Democracy... and problems going back over many years, not just his government’s term in office. Also, 86 pct of voters say... that four days before the accident in Tempe, Greece’s Railway Regulatory Authority published a report
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Import prices stabilise at high levels in Jan with rise of 0.4 pct YoY
EconomyMacroeconomyGreece’s import price index barely moved in January, as it rose by just 0.4 percent year-on-year... six monthly contractions since May last year. The index’s 12-month rolling movement also slowed... and capital goods were up by 1.7 percent. The pace of Greece’s Consumer Price Index (CPI) dropped further
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Mitsotakis sets May 21 election date, eyes opposition MPs as potential allies
PoliticsGreek Politicsat any point during the administration’s term in office. It also means that the government would have a flimsier majority than if ND were to form a coalition with PASOK or another party. Mitsotakis’s..., but should that fall through it appears that Mitsotakis’s back-up plan is to explore the possibility
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