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Creditors give thumbs up for 10th post-MoU review, underline pandemic legacy
EconomyProgrammeinterest on certain loans by the EFSF, the ESM’s predecessor. The Commission notes that the Greek
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Trade deficit rises by 70.7 pct in April, mainly due to base effect
EconomyMacroeconomyGreece’s trade deficit rose by 70.7 percent year-on-year (YoY) in April compared to an increase of 26.6 percent in March, data from the Hellenic Statistical Authority (ELSTAT) released on Monday showed. The deficit came to 1.84 billion euros for the month. Imports totalled 5.01 billion euros
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Building permits jump by 42.9 pct in March, from year-earlier start to lockdown
EconomyMacroeconomy. Surface area increased by 25.4 percent, and volume increased by 28.5 percent. Greece’s construction
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Loans under credit servicing firms increase 7.2 pct QoQ to 42.8 bln
EconomyBankingThe Bank of Greece’s (BoG) released statistics for the first quarter (Q1) of 2021 regarding the operations of Credit Servicing Firms (CSFs) in Greece. BoG said that the data was being provided as part of ongoing efforts to further enhance the information disseminated to the public and to analysts
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PBO ups growth estimate to 3.6-4.8 pct, warns of complacency and inequality risks
EconomyMacroeconomyinstitutions and safety nets, making Greece’s future even more uncertain.
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Primary cash balance deficit at 8.23 bln in May
EconomyMacroeconomyGreece’s central government recorded a primary cash balance deficit of 8.23 billion euros in the first five months of the year, according to figures released by the Bank of Greece. The cash balance for the same period last year, excluding bond issuance and the financing of the cash buffer, came
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Travel balance almost doubles in April from last year's lockdown
EconomyMacroeconomyGreece’s travel balance came to a surplus of 9.6 million euros in April from 4.9 million a year ago, when Greece was in its first lockdown, Bank of Greece (BoG) data has shown. This is equal to an increase of 97.5 percent year-on-year (YoY). Receipts came to 42.9 million euros for the month
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MTFS forecasts growth of up to 6.2 pct in swift economic recovery from Covid
EconomyMacroeconomyStaikouras at Wednesday’s cabinet meeting, he outlined the medium-term objectives. These include
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Professional liars in pandemic times
Agoraemotions and feelings, not because it is supported by real evidence. So, people’s feelings
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Q1 unemployment at 17.1 pct amid drop in employed, rise in inactives
EconomyMacroeconomyGreece’s non-seasonally adjusted unemployment rate came to 17.1 percent in the first quarter (Q1) of the year, increasing by 0.9 percentage points from the last quarter of 2020, Hellenic Statistical Authority (ELSTAT) figures showed on Monday. The jobless rate also increased by 0.9 percentage
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