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Industrial turnover declines marginally in Feb, led by mining and local market
EconomyMacroeconomyGreece’s industrial turnover contracted in February, with a marginal drop of 0.3 percent year... Statistical Authority (ELSTAT). On a rolling 12-month basis, the industrial turnover was up by 1.8 percent... the non-domestic market was up by 0.6 percent. On a monthly basis, industrial turnover in the total
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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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Lowest income groups in Greece saw wages drop and taxes rise most during crisis
SocietyLower income groups in Greece saw their tax burden increase by 337.7 percent from 2008 to 2012, compared to a 9 percent rise for higher income groups, a new report on the impact of the crisis and austerity policies on incomes, inequality and poverty in ...
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ELA funding down by 8.6 bln in Dec for sharpest drop since July
EconomyMacroeconomyGreek banks’ Eurosystem funding continued heading south for the sixth straight month dropping by 5.89 billion in December after a 5.98 billion fall in November, Bank of Greece's (BoG) 2015 balance sheet showed on Monday. In absolute terms, Central Bank ...
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Lower foreign arrivals lead to 7 pct drop in April travel receipts
EconomyMacroeconomyGreece's travel receipts fell by 7 percent in April after a short-lived rise by 8.2 percent in March, Bank of Greece (BoG) figures displayed on Wednesday. In absolute terms, travel receipts stood at 443.3 million in April, while the corresponding paymen...
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Drop in arrivals and spending impinge on H1 travel receipts
EconomyMacroeconomyThe balance of travel services in June posted a surplus of 1.72 billion euros, a decline of 3.6 percent compared to the surplus of 1.78 billion in the same period last year, according to data released by Bank of Greece on Monday. Travel receipts dropped...
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Greek stocks drop 1.5 pct during week amid subdued trading activity
EconomyThe Greek stock market traded mostly in negative territory, closing 1.5 percent down on the week amid soft trading volumes. Investors preferred to remain on the sidelines adopting a wait-and-see stance ahead of upcoming development regarding the lifting...
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Significant drop in number of Greek citizenships granted
SocietyThe number of Greek citizenships granted to non-Greeks more than halved in the two years from 2013 to 2015, EU data has shown. Eurostat figures show that there were 7,000 fewer new Greeks in 2015 than in the previous year and 15,500 fewer than in 2013, ...
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