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General govt primary cash deficit of 4.84 bln in May, arrears drop by 163 mln
EconomyMacroeconomyGreece’s general government (gg) primary cash deficit came to 4.84 billion euros in the first five months of the year compared to a surplus of 1.69 billion in the same period last year, according to the Finance Ministry’s (MoF) monthly gg bulletin. In t...
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General govt primary cash deficit of 7.46 bln in June, arrears drop by 10 mln
EconomyMacroeconomyGreece’s general government (gg) primary cash deficit came to 7.46 billion euros in the first seven months of the year compared to a surplus of 1.87 billion in the same period last year, according to the Finance Ministry’s (MoF) monthly gg bulletin. In ...
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CPI falls by 1.8 pct YoY in October as air travel and energy drop
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) fell by 1.8 percent year-on-year (YoY) in October compared to a decline of 2 percent seen in September, Hellenic Statistical Authority (ELSTAT) figures showed on Tuesday. The average CPI for the rolling 12 months fell...
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Building permits drop by 4.9 in October
EconomyMacroeconomyBuilding permits fell by 4.9 percent year-on-year (YoY) in October after a strong rise of 29 percent seen in September, Hellenic Statistical Authority (ELSTAT) data released on Monday showed. The total number of permits came to 1,780. The corresponding ...
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EC sees big drop for economy in 2020, expects milder recovery of 3.5 pct in 2021
EconomyMacroeconomyWithin the context of its Winter Forecasts, the European Commission gave on Thursday an updated outlook on the performance of EU economies, which suggest Greece suffering a deeper recession last year and slower growth for 2021. Following the reintroduct...
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CPI falls by 2 pct YoY in January as apparel and transport drop
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) fell by 2 percent year-on-year (YoY) in January compared to a decline of 2.3 percent seen in December, Hellenic Statistical Authority (ELSTAT) figures showed on Monday. The average CPI for the rolling 12 months fell b...
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Retail sales drop by 8.6% in 2020 as e-shops prosper but many sectors suffer
EconomyMacroeconomyThe complete picture of a dire year for the retail sector in Greece was captured on Tuesday when the Hellenic Statistical Authority (ELSTAT) released the full-year results for the sector. Having endured various restrictions throughout the year and sever...
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Economic sentiment rises to 91.9 points in February despite drop in consumer confidence
EconomyMacroeconomyGreece’s economic sentiment (ESI) rose by 1.2 points month-on-month in February to reach 91.9 points, European Commission (EC) figures showed on Thursday. During the month, the Employment Expectations Indicator (EEI) for Greece came to 106.1 points comp...
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Greece falls behind on gender equality due to drop in political empowerment
SocietyGreece has been singled out for its poor performance in the global rankings of the World Economic Forum (WEF) 2021 Global Gender Gap Report. The report measures how far countries have progressed towards closing the gap between women and men in the areas...
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Current account deficit narrows to 840.3 mln in Feb as imports drop
EconomyMacroeconomyGreece posted a current account (C/A) deficit of 840.3 million euros in February compared to 435.7 million euros in January, Bank of Greece (BoG) data showed on Tuesday. In February 2020, the balance showed a deficit of 1.15 billion euros, meaning that ...
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