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Bumper results for banks add to frustration over interest rates, fees
EconomyBankingOver recent weeks, the Greek systemic banks released another set of solid results for H1, with strong profitability and building on last year’s performance that allowed them to distribute total... and commissions exceeded 1.8 billion euros, while in H1 it has already surpassed 1 billion euros
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ND and SYRIZA contend with internal strife as PASOK advances
PoliticsGreek PoliticsEfforts to maintain unity within New Democracy amid a public clash between Prime Minister Kyriakos Mitsotakis and one of his predecessors are set to continue this week, although the ruling party’s... to 6.4 pct, placing it in fifth place, more than 1 point behind the Communist Party (KKE), and 2
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Samaras expulsion casts shadow over New Democracy as SYRIZA prepares for leadership polls
PoliticsGreek PoliticsWith critical votes approaching in the parliamentary calendar, the aftermath of the ousting of former PM Antonis Samaras from New Democracy looks set to preoccupy the ruling party in the weeks ahead... are due to take place on Sunday, with a second round a week later on December 1. The level
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Androulakis treads fine line in opposition as pool of available voters dries up
PoliticsGreek Politics.” Famellos claimed the plan the leftists have in mind would bring in more than 1 billion euros. SYRIZA... and realistic set of policies. Vanishing pool The doubts about SYRIZA among voters, visible from
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Newsletter 449 - 31/01/2025
and are set to put the PM under further scrutiny. On Monday, SYRIZA, New Left and the Communist Party... was stable at 9.4 pct, closing the year with an improvement of 1 percentage point, leading
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Government touts stricter migration controls in bid to win back right-wing support
PoliticsGreek Politicsto be the focus of a cabinet meeting on Wednesday, which is set to approve a new annual increase..., taking the minimum monthly wage to 880 euros from April 1. The government feels
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Macro and fiscal outlook for Greece remain favourable in latest EC forecasts
EconomyMacroeconomysectors. Employment is set to keep rising, though at a slower pace due to persistent skills shortages... and increased hotel stay taxes are projected to offset the impact of a planned 1 percentage point cut
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Finance Ministry seeks solutions to address growing housing problem
Economyand servicers. The government is also working on a set of incentives and counterincentives for homeowners... programmes, such as “My Home 1”, “My Home 2”, “Renovate - Rent”, the return of one month's rent every
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Growth treads water as PM targets relief for households
EconomyMacroeconomyAhead of the PM’s recent keynote speech and extensive press conference at the Thessaloniki International Fair, ELSTAT released the latest set of GDP data for Q2, where the Greek economy’s annual... to 1 pct YoY and dropped marginally by 0.1 pct QoQ. Investments rose by 6.5 pct YoY and grew by 7.4
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At sidelines of UNGA, Mitsotakis talks up Greece’s prospects as energy, tech hub
PoliticsGreek Politicsthat a decade ago the country borrowed at nearly 10 percent while France paid 1 percent. Today, borrowing... consumption-driven, the PM explained Moving beyond tourism’s 3 percent share of GDP, Mitsotakis set
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