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Building permits turn negative for first time in more than a year, falling by 10 pct in April
EconomyMacroeconomyThe growth in building permits stopped in April, dropping by 10 percent year-on-year (YoY), after it had slowed down in March, rising by 2.8 percent, according to the latest data released by the Hellenic Statistical Agency (ELSAT) on Thursday. This is the first contraction since February 2021, when
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Number of unemployed falls 18.2 pct in Sep, overall unemployment rate down to 10 pct
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate dropped to 10 percent in September, after a slightly downwards revision to 10.6 percent in August, Hellenic Statistical Authority (ELSTAT) data showed on Friday. In September last year, the unemployment rate was 12.1 percent. These are the lowest
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Unemployment rate drops below 10 pct in Oct for first time since Sep 2009
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate dropped below 10 percent in October, landing at 9.6 percent, after a slightly upwards revision to 10.3 percent in September, Hellenic Statistical Authority (ELSTAT) data showed on Thursday. In October last year, the unemployment rate was 11.8
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Unemployment rate stays below 10 pct in Nov as inactive numbers rise
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate remained below 10 percent in November, landing at 9.4 percent, after a slightly downwards revision to 9.4 percent in October, Hellenic Statistical Authority (ELSTAT) data showed on Thursday. In November last year, the unemployment rate was 11.9
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Unemployment rate climbs back above 10 pct in Jan
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate stayed above 10 percent in January, landing at 10.4 percent, Hellenic Statistical Authority (ELSTAT) data showed on Friday. December’s unemployment rate was an upwards revised 10.4 percent, from 9.2 percent previously. In January last year
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Boosted by seasonal factors, quarterly unemployment drops below 10 pct for first time since 2009
EconomyMacroeconomytime that the quarterly rate dropped below 10 pct since Q3 2009 when it stood at 9.4 percent
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Credit for corporates propels credit growth to 10 pct YoY in Nov
EconomyMacroeconomyThe credit expansion in the Greek private sector accelerated in November, rising by 10 percent year-on-year (YoY), from 9.1 percent in the previous month, Bank of Greece (BoG) figures released on Thursday showed. The net lending flow was positive by 1.93 billion euros after a movement of 1.88
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Credit expansion picks up pace in Jan with 10 pct YoY rise
EconomyMacroeconomyThe credit expansion in the Greek private sector remained strong in January, rising by 10 percent year-on-year (YoY), from 8.9 percent in the previous month, Bank of Greece (BoG) figures released on Thursday showed. The net lending flow was negative by 1.67 billion euros after a positive movement
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Athens ready to start legislating fiscal measures despite ongoing talks over 2019 budget
EconomyProgrammeAll eyes will be on the dispute of Italy’s budget at Monday’s Eurogroup, but in Greece... was introduced in 2017. These include reducing ENFIA property tax by 10 percent in 2019 for small... subsidy scheme are seen more as handouts, the report suggested. According to the draft budget
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Greece braces for deeper Covid-19 impact on economy, budget and public debt
Economya heavy toll on the economy and the budget, with implications for the country’s public debt. Earlier... a recession that will near 10 pct as tourism around the globe will come to a halt, trade routes... of the Finance Ministry budget by 5 billion euros. It is near certain that these support measures will need
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