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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 to a deficit of 874.5 million euros in July, Bank of Greece (BoG) data showed on Wednesday. In the same period last year, the balance showed a surplus of 1.80 billion euros, meaning that the surplus has
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Passing of insolvency law gives opposition campaigning foothold
PoliticsGreek PoliticsOctober has been the deadliest month so far with 190 fatalities recorded as of Monday. Over
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Growing concerns over second lockdown in food service sector, a key employer
EconomyFeaturesGreece’s catering sector is bracing for the impact of new measures to contain the virus and sounding the alarm that the industry cannot survive a second lockdown. The catering industry has been in decline across the year due to reduced demand. A wave of new containment measures were announced
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Employment balance negative by 33,356 in October as seasonality affects education and tourism hires
EconomyMacroeconomyThe employment balance was negative with 33,356 more firings than hirings in October, data from the Labour Ministry’s Ergani information system showed. Compared to the same month last year, there were 86,731 more people hired than fired. Ergani noted that the balance for October has typically been
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Opposition parties attack government narrative on pandemic handling
PoliticsGreek Politicsplanning and calculated risk-taking has been challenged in recent days, as the health authorities scramble
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Uprising anniversary marked by grandstanding and clashes
PoliticsGreek Politicsagainst society” because of their actions. From an early stage, centre-left KINAL, which has been
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Primary cash balance at deficit of 9.04 bln in October
EconomyMacroeconomythe first ten months of the current year, the PIB balance has worsened by 1.58 billion euros. The budget
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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 to a surplus of 79.7 million euros in August, Bank of Greece (BoG) data showed on Friday. In the same period last year, the balance showed a surplus of 914.2 million euros, meaning that the deficit has
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Retail turnover and volume both drop by 3.5 pct in September
EconomyMacroeconomyconfidence has dropped by 41.5 points. Retail trade improved by 1 point month-on-month to -14.3 points
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Exporters focus on new markets to weather pandemic
EconomyMacroeconomyfor Greek exports has experienced a shake up during the first nine months of the year, while exporters
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