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Turkey closes borders, Greece keeps up pressure
PoliticsForeign Policymay have been the result of President Recep Tayyip Erdogan’s failure to achieve a new agreement... in Libya. Dendias reportedly briefed Raab on the Greek positions and “on the dangers that are being created... as decisions may be taken that affect Greece. Athens may have been excluded from this conference
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Greece aligns with EU on Israel-Iran conflict, keeps close watch on Turkey as Ankara submits maritime plans
PoliticsForeign Policy’s main objective to further weaken Tehran’s regime, which Athens believes may eventually strengthen... in the region may provoke a new migration wave. Amid these concerns, there is also uncertainty about how... also understands that the countries of the region may condemn the attacks, but the weakening of Iran
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Where is Odysseus? Part 5 - Productivity
Agoragrowth. Thus, compared to the outlook in 2018, Greece may expect somewhat higher employment levels... (the solid line). We don’t want to let the Covid-19 episode define employment on the downside, so we have... of real GDP, which is presented in Figure 2. Again, we show the current path as the solid line
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Greek May CPI falls 2 pct in one of biggest drops for more than a year
EconomyMacroeconomy) fell 2 percent in May, which was a faster pace compared to the preceding months. May's figures mean... in the first ten days of May. A similar pattern was also evident in November, when CPI slipped 1.4 percent.... The 2 percent decrease of the CPI in May is largely due to a drop in prices of three sectors
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In third straight month of decline, industrial turnover falls 4.9 pct in May
EconomyMacroeconomyby 4.9 percent in May from a revised -10.5 percent in April, according to the Hellenic Statistical Authority (ELSTAT). The May performance indicates the ninth negative reading in the past 17 months, while... a decline of 5.5 percent over the trailing 12 months. Manufacturing turnover fell 5.6 percent in May
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Greece sees tourist arrivals rise 12.6 pct in May but spending fall 10.6 pct
EconomyThe rate of increase in Greece's travel receipts significantly decelerated to 0.8 percent in May... to receipts of 1.07 billion euros. Travel payments, meanwhile, fell 11 percent in May to 173 million. As a result, the travel surplus improved by a modest 3.4 percent in May, rising to 898 million
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Greek trade deficit plunges by 24.2 pct in May
EconomyMacroeconomyAfter rising in the preceding two months, Greece’s trade deficit plunged 24.2 percent in May... billion in May, which is the second lowest reading so far in 2015. The sharp drop in May trade... in May, which indicates the second highest reading year to date. The drop in imports also follows
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Industrial production down by 4 pct in May after three successive rises
EconomyMacroeconomypercent in May following an upward revised 1 percent growth in April, according to the Hellenic Statistical Authority (ELSTAT). The May headline figure indicates the second negative reading so far... a drop in May with the biggest in mining and quarrying production (-15 percent) followed by electricity
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Travel receipts up 17 pct in May as average expenditure per trip rebounds
EconomyMacroeconomyGreece's travel receipts continued heading north at a double-digit rate in May, when they rose by 17 percent in May from 16.3 percent in April, according to the Bank of Greece (BoG). The absolute figures showed travel receipts stood at 1.22 billion euros this May from 1.04 billion last year, while
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Rare rebound for retail trade with 2.5 pct rise in May
EconomyMacroeconomyThe turnover of Greece’s retail trade index rose by 2.5 percent in May following a 3.1 percent drop in April, according to the Hellenic Statistical Agency (ELSTAT). The May headline figure indicates... months, since January 2014. Retail volume also rebounded by 4.2 percent in May, after declining
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