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  1. Receipt losses near 5 bln in first six months as June tourism figures disappoint
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    EconomyMacroeconomy

    Greece’s travel balance came to 27.9 million euros in June from 2.36 billion a year ago, Bank of Greece (BoG) data has shown. This is equal to an decrease of 98.8 percent year-on-year (YoY). Receipts came to 64.3 million euros for the month, falling by 97.5 percent YoY. Travel payments also

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  2. Retail sector struggles through pandemic
    Photo by MacroPolis

    EconomyFeatures

    measures for Greek SMEs which make up the majority of the country’s business landscape. “The pandemic

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  3. Economic sentiment at 90.7 in Aug, construction and retail dip
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    EconomyMacroeconomy

    Greece’s economic sentiment (ESI) edged down by 0.1 points month-on-month in August to reach 90.7 points, European Commission (EC) figures showed on Friday. In August, the Employment Expectations Indicator (EEI) for Greece came to 105.9 points compared to 103.7 points in July. Compared to last year

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  4. PMI edges up to 49.4 points in August, employment rises
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    EconomyMacroeconomy

    Greece’s manufacturing PMI increased slightly to 49.4 points in August compared to 48.6 points in July, according to the latest data from Markit. The slower overall decline largely stemmed from softer contractions in output and new orders, as well as a return to growth of employment amid a pick-up

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  5. Trade deficit falls by 17.1 pct in July
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    Greece’s trade deficit fell by 17.1 percent year-on-year (YoY) in July compared to a drop of 10.3 percent in June, data from the Hellenic Statistical Authority (ELSTAT) released on Monday showed. The deficit came to 1.56 billion euros for the month. Imports totalled 4.46 billion euros, showing

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  6. Greeks suspicious of Covid-19 origins but warming to vaccine, polls show

    Society

    was one of the most effective ways to avoid catching the virus. CLEO’s research also found that 27.6

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  7. CPI falls by 1.9 pct YoY in August
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    Greece’s Consumer Price Index (CPI) fell by 1.9 percent year-on-year (YoY) in August compared to a decline of 1.8 percent seen in July, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday. The average CPI for the rolling 12 months fell by 0.5 percent. Month-on-month, the CPI

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  8. Building permits rise by 17 pct in June
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    EconomyMacroeconomy

    . Greece’s construction sector was damaged across the crisis years as construction projects came

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  9. Employment balance positive by 4,342 in August, aggregate shows 169,239 fewer jobs created
    Photo by Giannis Papanikos/Fosphotos

    EconomyMacroeconomy

    The employment balance was positive with 4,342 more hirings than firings in August, data from the Labour Ministry’s Ergani information system showed. Compared to the same month last year, there were 1,231 more people hired than fired. Total hirings came to 160,583 versus 156,241 departures. Around

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  10. VAT gap of 30.1 pct in 2018 keeps Greece among worst performers in EU

    EconomyFeatures

    the same time. According to the data series, Greece’s VAT gap was at its lowest in 2001 at 17.7 percent

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