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Gains and losses for all sides from vote on constitutional changes
PoliticsGreek PoliticsThursday’s vote on the proposals put forward by the government and the opposition for changes to the Greek Constitution proved to be a mixed bag for SYRIZA and New Democracy. Prime Minister Alexis Tsipras’s proposal for the President to be elected direc...
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PMI at 54.4 points in Jan as employment growth hits all-time high
EconomyMacroeconomyGreece’s manufacturing PMI increased to 54.4 points in January from 53.9 points in December, according to the latest data from Markit PMI. Markit noted that the headline figure marked the fastest overall improvement in the health of the Greek manufactur...
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All eyes on Piraeus as share price tumbles amid coupon payment concerns
EconomyBankingThe banking sector, particularly Piraeus Bank, was at the centre of attention last week, experiencing significant price turbulence as a result of concerns about coupon payments linked to the recapitalisation carried out five years ago. The lender’s shar...
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Economic sentiment rises to 96.9 points in March as all sectors improve
EconomyMacroeconomyGreece’s economic sentiment (ESI) rose by 5 points month-on-month in March to reach 96.9 points, European Commission figures showed on Tuesday. During the month, the Employment Expectations Indicator (EEI) for Greece came to 109.3 points compared to 106...
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Parties square up for all-out battle over upcoming labour bill
PoliticsGreek PoliticsParties in Greece are preparing to do battle, as New Democracy’s long-anticipated labour bill looks set to be tabled for debate in Parliament after Greek Easter in early May. The legislation, which the government touts as a modernising reform for the be...
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Economic sentiment drops by 3.7 pts in June as all components deteriorate
EconomyMacroeconomyGreece’s economic sentiment (ESI) declined by 3.7 points in June, dropping to 104.3 points, following a recovery of 2.9 points in May, according to European Commission figures released on Wednesday. Economic sentiment has been on the mend for a while, h...
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Property prices rise by 9.4 pct in Q2, close to all-time high
EconomyMacroeconomyThe rise in the nominal value of apartments in Greece remained strong in Q2 of this year, rising by 9.4 percent year-on-year (YoY), from an upwards revised 9.3 percent in Q1 2021, Bank of Greece (BoG) data released on Thursday showed. Q4 2021 saw the hi...
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Travel receipts of 14.66 bln to Aug beat last year, head for all-time record
EconomyMacroeconomyGreece’s travel balance recorded a surplus of 4.11 billion euros in August, from 3.88 billion euros in July, according to Bank of Greece (BoG) data released on Monday. August’s balance was 4 percent higher than the 3.95 billion euros registered in Augus...
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Kasselakis launches EP election campaign with all-out attack on Mitsotakis and ND
PoliticsGreek PoliticsSYRIZA leader Stefanos Kasselakis has opted for an aggressive start to his first election campaign as the head of the main opposition, as the party launches the candidate selection process for June’s EP elections. Kasselakis repeated his call for snap n...
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Economic sentiment falls sharply in July as nearly all segments deteriorate
EconomyMacroeconomyGreece’s economic sentiment (ESI) fell sharply in July, reaching 106.8 points, from 110.5 points in the previous month, according to European Commission figures released on Tuesday. Over the rolling 12-month period, the ESI in July is roughly 5 points b...
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