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Passing of insolvency law gives opposition campaigning foothold
PoliticsGreek PoliticsParliament passed legislation setting out the new insolvency code on Monday, with 158 votes in favour from the government benches, while 140 opposition MPs voted against the bill in principle. Debate... the government of timidity and calling for a more robust stance including the unilateral extension of territorial
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DBRS leaves credit rating of 'BBB' and stable outlook unchanged
EconomyMacroeconomypct. Growth is fuelled mainly by robust domestic demand, healthy employment, and EU-funded investment... and surpluses are pushing debt lower toward 140 pct by 2026 and below 130 pct by 2029. Investor confidence has
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GDP falls by 0.7 pct QoQ in Q4 and increases by 1.9 pct in 2019
EconomyMacroeconomyexpenditure rose by 0.1 percent. ELSTAT also released a first estimate of the overall GDP figure for 2019... just short of the Ministry of Finance’s (MoF) final budget estimate of a 2 percent rise for 2019. This is subject to revision in the second GDP estimate which ELSTAT will release later in the year
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GDP up by 1.1 pct QoQ, needs 2.8 pct growth in H2 to reach annual forecast
EconomyMacroeconomyand services were up by 2.2 percent. Compared to Q2 2023, all components recovered. Final consumption... in the Stability Programme sent to Brussels in May, the estimate for 2024 was revised down to 2.5 percent, from the 2.9 percent that was the initial budget estimate. In the latest monetary policy report
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Draft budget for 2026 sees growth accelerating to 2.4 pct, tax collections remaining strong
EconomyMacroeconomy. The draft budget slightly revises the growth estimate for this year to 2.2 pct, from 2.3 pct previously. The items revised down for 2025 compared to the previous estimate are investments that are now seen to grow by 5.7 pct this year and exports growth is seen at 2.2 pct. Investments were
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Blinken visit highlights Greece's growing role as key regional partner
PoliticsForeign PolicyCooperation Agreement, updated in October 2021, was the backbone of the robust defence relationship..., after their national elections. The Libya issue was also raised by the US official, who distanced
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Athens takes plunge on gas exploration, sees hope in Israel-Lebanon deal
PoliticsForeign Policyand the island of Crete. "We want to make an opening with Libya as a whole, so that we can finally... located in the area between Greece and Libya," Mitsotakis said in an interview with ANT-1 TV, last Monday. It appears that Athens has decided to begin surveys in response to the recent Turkish-Libya
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IMF still sees fiscal gap in 2018 - no action needed, for now
EconomyProgrammedecade, when the Greek growth estimate eases to 1 percent in 2022. This year’s GDP will be boosted... the deflation years behind, with the inflation estimate at 1.2 percent this year and 1.3 percent in 2018... forecast for 2017 which has been revised downward from the 2.1 percent July estimate. On the fiscal
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In Washington, Mitsotakis stresses economic recovery, geopolitical importance as IMF departure announced
PoliticsGreek Politicsa maritime agreement with Libya that infringes on Greece’s sovereign rights. Some commentators... with Libya is “null and void” because it ignores the exclusive economic zones of Greece’s islands, which he... to 2.2 pct, but that even if it is lowered to 2.5 pct this would create 2 billion euros of extra fiscal
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Newsletter 234 -10/01/2020
with Ankara, which escalated following Turkey’s decision to sign a maritime agreement with Libya... actions in Libya, as well as the two memoranda signed between Ankara and Tripoli. However, Turkey’s... reported that Athens would ideally like the target to be reduced to 2.2 pct, but that even
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