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Greek GDP drops by less than expected 0.2 pct in Q2, signalling recession exit near
EconomyMacroeconomyThe Greek economy recorded the 24th consecutive period of decline in Q2 of 2014 as Gross Domestic Product measured in constant prices declined by 0.2 percent year on year, which was better than the estimates for a -0.4 percent drop. The first quarter wa...
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SYRIZA shows keener interest in foreign policy as possible elections near
PoliticsForeign PolicySeeing the government close to buckling under the pressure of having to meet the troika's targets, SYRIZA's Alexis Tsipras chose to inflict his own kind of pain on Wednesday, when he claimed that a leftist government would not be bound by the demands ma...
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So far and yet so near for Greece and eurozone after second abortive Eurogroup
PoliticsGreek PoliticsFor the second Eurogroup running, Greece and the eurozone failed to reach an agreement on how to move forward. However, an apparent acrimonious falling out may be less damaging than it first appears and, in essence, the two sides do not seem to be far a...
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Greece near top of EU charts for proportion of population over 65 and 80
SocietyGreece has the second highest proportion of its population over the age of 80, according to data released this week by the EU’s statistical arm. Eurostat figures showed that in 2014, 6 percent of people in Greece were aged 80 or over, just short of the ...
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Receipts from taxes and social contributions rise to 39 pct in 2014, near EU average
EconomyTotal receipts from taxes and social security contributions in Greece improved to 39 percent of GDP in 2014 from 38.3 percent in 2013, Eurostat figures showed on Friday. Despite the recorded improvement, they remain slightly below the euro area and the ...
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Privatisation chief hopeful of reaching 2016, 2018 targets as several sales near conclusion
EconomyGreece’s privatisation chief believes that 2 billion euros can be raised this year from asset sales. Speaking at a meeting of the Athens Chamber of Commerce and Industry (EBEA) on Monday afternoon, the chairman of the Hellenic Republic Asset Development...
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Greece near bottom of OECD rankings for spending on R&D
SocietyRanked 32nd on a 38-strong list, Greece is lagging behind most other developed countries when it comes to spending on research and development. According to 2015 indicators from the Organisation for Economic Cooperation and Development (OECD) – the late...
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Latest T-bill auction nets near-zero yield, rounding off landmark year for sovereign debt
EconomyGreece is rounding off the most successful year in its sovereign debt since 2010, and after three adjustment programmes, with the successful issue of a 52-week T-Bill on Wednesday that resulted in a yield close to zero. Greece’s debt managers auctioned ...
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Receipt losses near 5 bln in first six months as June tourism figures disappoint
EconomyMacroeconomyGreece’s travel balance came to 27.9 million euros in June from 2.36 billion a year ago, Bank of Greece (BoG) data has shown. This is equal to an decrease of 98.8 percent year-on-year (YoY). Receipts came to 64.3 million euros for the month, falling by ...
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Govt treads carefully on economic relief measures, hoping normality is near
PoliticsGreek PoliticsThe government is trying to tread a fine line between fiscal prudence and cushioning the impact of the pandemic and inflation as it tweaks its economic policy in 2022. As was evident in the latest Covid relief measures it announced on Friday (a week aft...
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