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Greece's pursuit of normality has only one starting point
AgoraIf you got your hands on a European Commission report that outlined issues of loss of reform momentum, resistance to public sector changes, loss of fiscal discipline, a delayed privatisation programme hampered by strong political opposition, an absence ...
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Athens details fiscal counter-measures, a vital selling point for Tsipras
EconomyProgrammeThe expansionary counter-measures designed to balance the new fiscal interventions that Greece will have to implement, initially outlined by Finance Minister Euclid Tsakalotos at a press conference after Friday’s Eurogroup, were detailed in a report pub...
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Mitsotakis aims to hit ground running as polls point to clear majority on July 7
PoliticsGreek PoliticsBuoyed by what appears to be a decisive lead in the opinion polls, New Democracy leader Kyriakos Mitsotakis has been giving out more details about what plans he has for his first days in office. In an interview with Sunday’s Kathimerini, Mitsotakis clai...
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Retail sales up by 18.8 pct YoY in Apr, but monthly and volume data point to slowdown
EconomyMacroeconomyThe growth in Greece’s retail sales maintained a solid pace of 18.8 percent year-on-year (YoY) in April, from 20.2 percent in March, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday. Greece’s second lockdown was introduced in November 20...
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ND confident in migration stance as polls point to decisive victory on June 25
PoliticsGreek PoliticsThe debate around migration, which has been sparked by the tragedy off the coast of the Peloponnese is not causing any political concern for New Democracy ahead of next Sunday’s elections as the centre-right party believes it has strong public backing f...
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Q1 travel receipts point to bumper tourism season, balance up 25 pct
EconomyMacroeconomyGreece's travel balance recorded a surplus of 136.6 million euros in March, compared to 111.7 million euros in February, according to data released by the Bank of Greece (BoG) on Wednesday. March's balance was 11.5 percent higher than the 122.5 million ...
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Details of 2025 budget point to complex economic challenges ahead
EconomyMacroeconomyThe Finance Ministry tabled last Wednesday the final budget for 2025. As much as the headline numbers support the government narrative of stable growth and solid fiscal performance, the underlying numbers highlight the challenges for the coming years. A...
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Unemployment stable at 9.4 pct in Dec, improves by 1 point in 2024
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate remained below the 10 percent mark in December, edging down marginally to 9.4 percent, from 9.5 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data showed on Thursday. In Decemb...
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Newsletter 151 -16/02/2018
to winter sales. Apartment prices fall by 0.3 pct in Q4 2017 Average price drop for the year comes to 1... to the previous quarter, apartment prices rose by 0.5 percent compared to a contraction of 0.1 percent in Q3 2017... observed in the last seven years. The drop in the nominal value of apartments in Greece came to 0.3
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Rise of property prices continues with 4.6 pct increase in Q2
EconomyMacroeconomy. Apartment prices in Greece began to decline in the first quarter of 2009. The biggest annual fall was posted.... The sharpest quarterly rate of decline was seen in Q1 2012, when apartment prices showed a YoY drop of 12.8...The rise in the nominal value of apartments in Greece accelerated to 4.6 percent year-on-year (YoY
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