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Greece working on plan for multilateral talks in East Med
PoliticsForeign Policyin the proposal are Greece, Cyprus, Turkey, Egypt and Libya. The conference does not include Israel... to be Ankara’s refusal to participate in any forum that excludes Turkish Cypriots, while Libya... from Libya to represent both factions. Whether conditions on the ground make this feasible remains
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Car registrations resume upward trend in August rising by 20.1 pct
EconomyMacroeconomyAfter a short-lived drop by 23.9 percent in July, the number of road motor vehicles (going into circulation for the first time) rose by 20.1 percent in August, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday. The sharp decline in July w...
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Car sales resume double-digit growth rate in Oct with 15.2 pct rise
EconomyMacroeconomyAfter a short-lived drop by 13.8 percent in October, the number of road motor vehicles (going into circulation for the first time) rebounded by 15.2 percent in November, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday. The November grow...
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General gov't primary cash surplus climbs to 1.3 bln in Jan, arrears resume upward trend
EconomyMacroeconomyGreece’s general government (gg) primary cash surplus more than tripled to 1.27 billion euros in January 2016 from 381 million last year, according to the Finance Ministry (MoF) gg bulletin published on Thursday. The notable fiscal performance is largel...
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Corporate lending rates resume upward trend in April, time deposit rate stable
EconomyMacroeconomyGreek households’ new time deposit rate slipped by 1 basis point (bp) to 0.87 percent in April from 0.88 percent in March, Bank of Greece (BoG) data showed on Friday. The headline figure indicates the lowest reading since 2002 and remains 27 bps above t...
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General government primary cash surplus widens to 2.5 bln by May, arrears resume upward trend
EconomyMacroeconomyGreece’s general government (gg) primary cash surplus substantially widened by almost 5.5 times to 2.53 billion euros in the 5-month period of 2016 from 463 million a year ago, the Finance Ministry (MoF) gg bulletin displayed on Thursday. The notable im...
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With review set to resume, Tsipras looks for post-deal strategy
PoliticsGreek PoliticsFollowing the Easter break, the Greek government’s attention will be on two main issues: Completing the review so a “global deal” can be concluded before the end of May and trying to shift the focus domestically away from the new measures and onto more ...
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Athens taking nothing for granted as it waits for talks with Turkey to resume
PoliticsForeign PolicyAs it awaits a formal invitation from Ankara for the resumption of exploratory talks, Athens is trying to predict Turkey’s next moves. The Greek side believes that it is only a matter of days before Ankara makes gets the ball rolling for the talks, whic...
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Credit growth in February unchanged 3.7 pct; monthly flows resume growth
EconomyMacroeconomyCredit movement in the Greek private sector rose an annual 3.7 percent in February, the same rate as in January, Bank of Greece (BoG) figures showed on Friday. The annual rate of credit growth is the highest it has been since February 2010 when it came ...
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Athens prods EU to resume enlargement process for Western Balkans
PoliticsForeign PolicyRussia’s invasion of Ukraine, Moscow's growing influence in southeastern Europe and the EU membership applications by Ukraine, Georgia and Moldova have forced the EU to pay attention again to its stalled enlargement drive. These developments have fuelle...
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