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Coalition stresses positives, expects full support for multi-bill
PoliticsGreek PoliticsThe coalition appears confident that it will not suffer any rebellions in Parliament when the vote on the multi-bill is due, probably on Monday. Finance Minister Euclid Tsakalotos briefed SYRIZA MPs about the draft legislation shortly before it was subm...
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Industrial production grows by 0.2 pct in Dec and 4.1 pct for full year
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) increased by 0.2 percent in December after November’s figure was revised upward to 2 percent, Hellenic Statistical Authority (ELSTAT) data revealed on Friday. Across 2017, the IPI remained consistently in posit...
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Trade deficit grows by 5.1 pct in Dec, full-year increase comes to 1.1 pct
EconomyMacroeconomyGreece’s trade deficit rose by 5.1 percent year-on-year (YoY) in December, falling slightly against the rise of 5.7 percent seen in November, data from the Hellenic Statistical Authority (ELSTAT) released on Thursday showed. The deficit stood at 1.70 bi...
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Tourism sector struggles as it prepares for full reopening in July
PoliticsGreek PoliticsGreek resort areas prepare to welcome the first tourists of the season, with regional airports due to reopen to international flights on July 1. Having missed out on a significant portion of the season already, workers and businesses are starting to fee...
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Car sales continue to grow in Dec for rise of 23 pct in full year
EconomyMacroeconomyRoad motor vehicles going into circulation for the first time rose by 21.4 percent year-on-year (YoY) in December, from a 20.7 percent rise in November, according to Hellenic Statistical Authority (ELSTAT) data released on Friday. In December 2020, the ...
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Property prices rise again in Q4 2021, taking full-year increase to 7.1 pct
EconomyMacroeconomyThe rise in the nominal value of apartments in Greece accelerated to 9.1 percent year-on-year (YoY) in the last quarter of 2021, from an upwards revised 8.3 percent in the third quarter, Bank of Greece (BoG) data released on Tuesday showed. This is the ...
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In full campaign mode, PM ventures forth to rally support
PoliticsGreek PoliticsNow in complete election campaign mode, Prime Minister Kyriakos Mitsotakis is touring Greece to warn voters to disregard the criticism of his government and to back his New Democracy party next year if they want the country to progress and not regress. ...
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Data for 2022 confirms tourism's full recovery, with nearly 30 mln visitors
EconomyMacroeconomyThe Bank of Greece released on Tuesday the summary travel data for 2022, re-affirming that last year came close to recovering all losses suffered from the pandemic with travel receipts reaching 17.68 billion euros, just half a billion short of the 18.18...
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Fresh elections on the cards as SYRIZA reluctantly confronts full scale of defeat
PoliticsGreek PoliticsGreece is headed for a re-run of last Sunday’s elections after the two main parties turned down the opportunity to start coalition talks. New Democracy failed to secure an outright majority despite a last-minute landslide at the polls, and with no allia...
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Full agenda, topped by Turkey, for new Foreign Ministry team
PoliticsForeign PolicyThe new government in Athens faces a number of foreign policy challenges over the coming years. Kyriakos Mitsotakis appointed former State Minister Giorgos Gerapetritis as his new Foreign Minister. He is a professor of constitutional law at Athens Unive...
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