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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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University exam results stir political differences as entrance numbers drop
PoliticsGreek PoliticsA row erupted between the government and the opposition on Friday as the results of university entrance exams were published, revealing that the number of students going into tertiary education will fall by more than 20 pct this year. New Democracy adde...
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As restrictions drop away, Apr travel balance beats even pre-Covid levels
EconomyMacroeconomyGreece’s travel balance recorded a surplus of 432.1 million euros in April, from 77 million euros in March, according to Bank of Greece (BoG) data released on Tuesday. April’s balance was significantly higher than the 3.2 million euros registered in Apr...
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