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Card usage gains traction with debit cards leading the way, BoG finds
EconomyBankingwere debit cards. The split between debit and credit cards has remained relatively stable over the last few years, coming to 84 percent for debit in 2018, and 16 percent for credit. The data showed...-paid cards also showed a significant YoY rise of 29 percent. Meanwhile, the number of credit cards
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Emboldened Mitsotakis plans for Erdogan meeting, next step in Greek-Turkish ties
PoliticsForeign Policy-called Papoulias-Yilmaz memorandum to take place from June 15 to September 15, Kathimerini reports..., Mitsotakis decided to appoint two experienced people at the Foreign and Defense Ministries respectively. Honorary ambassador, Vassilis Kaskarelis is an experienced diplomat, who has been a member of the Greek
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Polls show Golden Dawn support dropping after murder, New Democracy profiting most
PoliticsGreek Politicsindicated that backing for Golden Dawn had plummeted by 4 percentage points since June, from 10.8... this path in June. Independent Greeks, the right-wing anti-bailout party, mopped up 1.2 percent of GD’s... percent to 19.1 percent. PASOK, in fourth place behind Golden Dawn, also experienced a decline, from
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DIMAR faces struggle to survive in 2014, a year of elections
PoliticsGreek Politicsto enter Parliament and less than half what the 6.2 percent the party won in the June 2012 elections... government in June 2013 over the closure of public broadcaster ERT. Since then, DIMAR has been.... This policy, however, has created friction in his party. DIMAR’s experienced secretary Spyros Likoudis
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Where has the money withdrawn from Greek banks gone?
Agorathe June 2012 elections, around 60 percent of the huge outflows of that period, which topped 90... in March is lower than the peak of 45 billion euros recorded in June 2012, the respective rate... recently experienced outflows from the general government entities. They stood at 1.5 billion euros
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PMI falls back into contraction territory in July, landing at 48.7 pts
EconomyMacroeconomyby Markit on Monday. July’s PMI came in at 48.7 points following a slight growth in June... stabilizing in June. Markit remains pessimistic on the prospects of Greece’s manufacturing sector... occurring in the second-half of 2016 seems slim,” its analysts said. The Greek economy experienced
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PMI up to 55.2 in January, highest since October 2007
EconomyMacroeconomyrecorded for the first time since June 2008. Manufacturers stepped up purchasing activity... manufacturing sector experienced, saying that the extra hiring activity in turn boosted output. “A first accumulation of unfinished work since June 2008 and the sharpest degree of business optimism suggest
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KINAL launches leadership contest to settle internal disquiet ahead of elections
PoliticsGreek Politicsof the vote from the low of 4.68 pct in the June 2015 parliamentary elections to 8.1 pct in the July 2019... of SYRIZA by 11.4 pct, its lead reduced by 5 percentage points since June. The governing party has... KINAL haemorrhage support in both directions, losing mainly voters to the centre-right and experienced
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Retail sales up by 18.8 pct YoY in Apr, but monthly and volume data point to slowdown
EconomyMacroeconomy-food volumes were up by 18.8 percent. According to the latest business indicators for June... is down by 9 points since July 2021. The overall economic sentiment (ESI) declined by 3.7 points in June... percent and food sales were up by 7.5 percent. Clothing and footwear experienced a solid annual rise
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Strong tourism season has little impact on unemployment, hovering at 10.8 pct in July
EconomyMacroeconomyat 10.8 percent, from a slightly downward revised 11 percent in June, Hellenic Statistical Authority... balance in June was positive by 28,761 more hires than departures. During the first half of the year.... These are the lowest jobless rates Greece has experienced since the end of 2009, as the country
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