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Fitch improves outlook to positive, sees investment grade hinging on fiscal performance and banks
EconomyFitch got the schedule of rating reviews in the new year underway with an upgrade of Greece’s outlook to positive from stable, while it reaffirmed the rating at ‘BB’. Fitch was the first agency to upgrade Greece’s rating to ‘BB’ back in January 2020, just weeks before the pandemic broke and has
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Unemployment rate eases to 13.3 pct in Nov as number of employed rises sharply
EconomyMacroeconomy. Greece has not seen an unemployment rate of 13.3 percent since September 2010, just months since
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Worsening goods balance pushes current account deficit to 2.52 bln in Nov, highest since 2011
EconomyMacroeconomyby an improvement in the balance of services. This is the deepest current deficit that Greece has seen since
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Building activity continues rising with 18.4 pct increase for permits in Oct
EconomyMacroeconomythat the construction confidence indicator has been dropping for four months on the bounce, coming off
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Podcast - Riding into the danger zone: Greece gets new jets
AgoraGreece recently received the first six state-of-the art fighter jets it has ordered from France, hoping that their arrival marks the start of an upgrade of its military capabilities, but also an improvement in its geopolitical standing. The Rafale planes - of which Greece is expecting another 18
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CPI reaches 6.2 pct in Jan as inflation hits highest since late 1990s
EconomyMacroeconomyand prices have been accelerating since. One has to look back to the late 1990s and the pre-euro era
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Industrial turnover rises by another 22.9 pct in Dec, led by non-domestic market
EconomyMacroeconomyconfidence increased by 5.7 points to 13.2. Since February last year, industry confidence has
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December current account deficit at 1.71 bln, worst for eight years
EconomyMacroeconomyaccount deficit that Greece has seen since 2014. The deficit for the balance of goods in December
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Employment balance negative by 25,804 in Jan as pandemic support is wound down
EconomyMacroeconomyrelated measures that protected jobs were still in place. Greece has been reporting negative job
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Employment data for 2021 shows 88.3 pct of firms have up to 10 staff, 1 in 5 workers earns below 500 euros
EconomyA special publication by the Labour Ministry based on data from the Ergani database presents the latest digest of the Greek labour market and a profile of Greek entrepreneurship. The data for 2021 has remained broadly unchanged compared to 2020, with the Greek economy mostly defined from micro
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