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Industrial turnover drops by 3.8 pct in June, slowing from previous months
EconomyMacroeconomyGreece’s industrial turnover fell by 3.8 percent year-on-year (YoY) in June compared to a drop of 30.4 percent in May, Hellenic Statistical Authority (ELSTAT) data published on Wednesday showed. After two preceding months where the headline figure fell ...
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CPI shoots up by 8.9 pct YoY and 2.7 pct on previous month
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) picked up more pace in March, rising by 8.9 percent year-on-year (YoY), from a 7.2 percent increase in February, according to the data released on Friday by the Hellenic Statistical Authority (ELSTAT). The average CPI...
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Deposits drop by 4.5 bln in Jan, reversing previous month's marked increase
EconomyMacroeconomyThe net private sector deposit movement in the Greek banking system dropped by 4.5 billion euros in January, reversing December’s impressive rise, when it jumped by 5 billion euros, based on the latest Bank of Greece (BoG) figures released on Tuesday. D...
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Building permits up 5 pct in 2022, moderating from 26.6 pct rise in previous year
EconomyMacroeconomyBuilding permits closed last year on a growth trajectory thanks to a rise of 16.1 percent year-on-year (YoY), after an increase of 9 percent in November, according to the latest data released by the Hellenic Statistical Agency (ELSAT) on Tuesday. The to...
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In 2024, Greece and Turkey look to build on diplomatic progress made in previous months
PoliticsForeign PolicyIn 2023, Greece and Turkey faced parliamentary and presidential elections respectively, which paved the way for a new chapter in their diplomatic relations. It became a year during which the two neighbouring countries experienced the calmest period in t...
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Newsletter 291 - 02/04/2021
to 109.3 points compared to 106.1 points in the previous month. Compared to last year, the EEI has... fell by 3 percent after a revised decrease of 11.5 percent in the previous month. Compared... in the form of grants, 6 billion euros will be given over to the Green Transition – one of four pillars
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Piraeus Bank records net losses of 6 mln in Q1, further reduction in NPE stock
EconomyBankingmillion in the previous quarter. Pre-provision income (PPI) rebounded by 12 percent quarter-on-quarter... to around 70 million in Q1, after a negative figure of 100 million in the previous quarter. However, NPE... percent in the previous quarter. Non-performing loan (NPL) formation also turned positive at 423 million
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A breakdown of Tsipras's pledges on economic strategy in Thessaloniki
Economysaid. In addition, the excise tax on heating oil will be restored to previous levels implying... restoration of the labour framework and rights to the previous status before the drastic changes implemented... cost of 13.5 billion with its key pillars addressing the humanitarian crisis (2 billion), restoring
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Focus of banking sector commitments shift to NPL reduction, debt restructuring framework
EconomyProgrammeauthorities undertook as part of the previous review and is primarily aimed at building..., just as in the previous sMoUs, the Greek authorities commit to avoiding any unilateral actions... agreed upon in the previous version. In the ongoing effort to improve the relatively recently
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Newsletter 511 - 03/07/2026
by the previous SYRIZA‑led administration, known as the Katrougalos law, stipulated that widows who... of the weekUnemployment The unemployment rate edged down to 8.1 pct in May, dropping by one point from the previous..., rising to 53.8 points, from 53.3 in the previous month, however, manufacturers continue to report
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