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CPI growth stable at 2.8 pct in May, food inflation gathers pace at 11.6 pct
EconomyMacroeconomyThe rise in Greece’s Consumer Price Index (CPI) remained broadly unchanged in May, growing by 2.8 percent year-on-year (YoY), from 3 percent in April, according to the data released on Friday by the Hellenic Statistical Authority (ELSTAT). The average CPI for the rolling 12-month period increased
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Rise of small parties creates pre- and post-election complications
PoliticsGreek PoliticsAlthough opinion polls suggest that Kyriakos Mitsotakis does not have much to worry about as far as clinching a parliamentary majority on June 25 is concerned, a survey published on Tuesday indicates that as many as eight parties could elect MPs, reducing the size of New Democracy’s advantage
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Unemployment unchanged at 11.8 pct in Q1, sharp fall in long-term jobless
EconomyMacroeconomyGreece’s non-seasonally adjusted quarterly unemployment rate stayed virtually unchanged in Q1 this year, rising to 11.8 percent, from 11.9 percent in the previous quarter, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday. The jobless rate in the first quarter of 2022 was 13.8
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Growth of property prices picks up pace in Q1 with 14.5 pct
EconomyMacroeconomyThe growth in the nominal value of apartments in Greece remained on a strong trajectory in Q1 2023, increasing by 14.5 percent year-on-year (YoY) from an upwards revised 13.5 percent in Q4 2022, Bank of Greece (BoG) data released on Monday showed. The latest figure surpassed last month’s highest
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Bond re-opening with 4 pct yield completes debt strategy for year
Economy. The strategy so far allows Greece’s debt managers the comfort to take a cautious approach for the rest
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Building activity jumps by 34.2 pct in Mar, Q1 permits up 13.6 pct
EconomyMacroeconomyvolume is also higher by 26.8 percent. The European Commission’s latest business sentiment
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Podcast - Greek elections: That's a wrap
Agoraplatforms. Please subscribe, rate us and send us your comments. Thank you! Useful reading Greece’s
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Producer Price Index contracts for third consecutive month, down 12.9 pct in May
EconomyMacroeconomyGreece’s Producer Price Index (PPI) contracted for the third consecutive month in May, falling by 12.9 percent year-on-year (YoY), from a 13.3 percent contraction in April, ELSTAT data showed on Friday. The index was in negative territory for most of 2020 and up to March 2021, when it grew annually
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PBO sees normality returning, but inflation will have multifaceted effects
EconomyMacroeconomyis expected to grow by 2.2 pct this year and also by 2.2 pct in 2024. This year’s inflation is seen at 4.6
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Trade deficit widens in May as exports contract by 15.4 pct
EconomyMacroeconomyGreece’s trade deficit recorded a drop of 11 percent year-on-year (YoY) in May, after a solid drop of 22.9 percent in April, according to data released by ELSTAT on Friday. The deficit came to 2.94 billion euros for May. Imports totalled 7 billion euros, dropping by 13.6 percent YoY. Exports
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