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Newsletter 462 - 16/05/2025
that the latest technical report on the tragic Tempe rail crash will quash accusations of a cover-up... Marinakis. He asserted that the allegations of a cover-up had completely collapsed. Marinakis declared... Kyriakos Mitsotakis remarked, "Lies have a habit of catching up with you." Meanwhile, Deputy PM
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CPI increases to 2.5 pct YoY in May, housing costs soar by 6 pct
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) picked up pace in May with a rise of 2.5 percent year-on-year... percent, from no change in the previous month. In May 2024, the CPI was up by 2.4 percent YoY... in May. Month-on-month, the HICP was up by 0.4 percent. In May, the annual CPI movement consisted
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EU–Mercosur deal promises gains for industry, risks for agriculture
EconomyEuropean exports, including cars and car parts (currently 35%), machinery (14–20%), chemicals (up to 18%), and pharmaceuticals (up to 14%). Research assessments indicate that the macroeconomic benefits... “offensive” gains for EU agriculture, such as the removal of tariffs on wine (up to 35%), spirits
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Polls show Golden Dawn support dropping after murder, New Democracy profiting most
PoliticsGreek PoliticsTwo more opinion polls published this week have shown a drop in support for Golden Dawn, with New... this path in June. Independent Greeks, the right-wing anti-bailout party, mopped up 1.2 percent of GD’s... for New Democracy fell from 20.1 percent to 19 percent and SYRIZA saw its ratings drop from 20.5
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Greece's current account in surplus for the fourth consecutive month
EconomyMacroeconomybillion euros from 1.63 billion last year, according to Bank of Greece (BoG). The recorded drop year... is attributed to a drop in the trade deficit by 20.2 percent to 11.41 billion, reflecting... travel spending by non-residents up 12.4 percent to 2.85 billion in August. The respective eight months
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A closer look at Greece's 2013 budget primary surplus of 603 mln
EconomyMacroeconomyfor the second straight month in December, but the 12-month figure posted a drop of 4.9 percent, reflecting... drop in interest payments by 50.6 percent compared to last year (mainly owed to last year’s PSI... the wage cuts imposed on police and army forces would create a new hole of up to 500 million.
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Greek primary budget surplus doubles to 835 mln in Jan but below target
Economy(up 2.6 percent). It is worth noting that January revenues are not fully comparable to last year’s... better than the target. The sharp drop mainly reflects a drop in grants to social security sector
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Greek jobless rate remains stuck at 27.3 pct for third month
Economyof the past four months data by up to 0.5 percentage points unveiled a much smoother movement. In addition... unemployment figure stems from a 0.1 percent month on month (MoM) drop in the number of employed... in April, 3,600 lower than March. The cumulative drop over the past five years stands at 23.5 percent
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Greece sees tourist arrivals rise 12.6 pct in May but spending fall 10.6 pct
Economydrop in travel spending per trip, which almost counterbalanced a 12.6 percent rise in international... drop in May. The more updated figures by the Association of Greek Tourism Enterprises (SETE... to May increased by 16.3 percent, leading the 5-month travel surplus to 1.13 billion, up 6.7 percent
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Unemployment at 27.2 pct in May, hardly changed from previous months
EconomyMacroeconomyin May, decelerating from the 0.8 percent drop recorded in April. The May YoY rate is the second lowest... figure down 2.9 percent, rising from the 1.8 percent drop posted in April. In absolute figures, the number of employed reached 3.5 million in May, up by 22,300 compared to April. Nevertheless
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