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  1. Concern mounts in Athens regarding Turkish stance in Aegean, East Med

    PoliticsForeign Policy

    Fatih launched its offshore drilling operations on May 3 in an area located around 41 nautical... continental shelf. There is also concern that during the run-up to the elections, Turkey may try to take.... This is considered a risky move since the ICJ may end up with a compromise that does not suit Greece.

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  2. Industrial turnover rises by 13.4 pct in April
    Photo by MacroPolis

    EconomyMacroeconomy

    ) and wearing apparel (-4 percent). In other indicators, the PMI index for May came to 54.2 points... business in May, Markit said. Export orders continued to increase for a twentieth consecutive month. In addition, the May industry confidence indicator published by the European Commission showed

    2%

  3. As East Med tension remains, Athens also keeps eye on Turkish actions in Aegean
    Photo by Andrea Bonetti/Fosphotos

    Foreign PolicyGreek Politics

    that Ankara may soon challenge Greece’s sovereign rights around the Eastern Aegean island of Kastellorizo is high. This may explain why Prime Minister Alexis Tsipras raised the issue himself. Opposition..., hinting that SYRIZA may be doing this to gain political capital. The Greek premier has engaged in a war

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  4. Budget primary surplus at 382 mln in June
    Photo by MacroPolis

    EconomyMacroeconomy

    to a deficit of 534 million euros, almost unchanged from a monthly deficit of 547 million noted in May... euros. In May, gross revenues were higher at 4.79 billion. On an aggregate basis, gross revenues.... Expenditure Primary expenditure rose to 3.49 billion in June, dropping against May’s figure of 4.50

    2%

  5. Eurosystem funding rises by 539 mln in June, banknotes in circulation also up
    Photo by MacroPolis

    EconomyMacroeconomy

    to 8.61 billion versus 8.07 billion in May, completing six consecutive months under the 10-billion... government securities expiring as the country left its final bailout programme. As with May, ECB... rose by 186.4 million euros in June after a smaller rise of 45.4 million in May. June’s increase

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  6. The oil and gas debate Greece is not having

    Agora

    solution” to Greece’s economic woes may be attractive, particularly in a country accustomed... into energy sources whose profitability may sensibly decline over the coming years? Finally... to be met by specializing in a fading sector. There may be strong opportunity costs in mobilizing

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  7. Eight in 10 tourist visits to just five regions, six nationalities generate half of receipts
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyFeatures

    showed that the balance rose by 7.8 percent in May 2019 compared to May 2018. Receipts came to 1.61... revenue according to the INSETE report, the fact that German visitors dropped by 13.6 percent in May

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  8. Govt looks for ways to manage promised tax cuts as Mitsotakis continues European charm offensive
    Photo by MacroPolis

    PoliticsGreek Politics

    of taxes, however faced with fiscal realities there are signs that they may be forced to prioritise..., the second round of cuts to ENFIA, and a 2,000-euro baby bonus may have to wait for 2021. The same goes... to 11 percent, may not be implemented until 2022. In order to fund its tax package, the government

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  9. General govt primary cash surplus at 1.78 bln in June, arrears drop by 3 mln
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    percent of the total). Bonds increased by 10 million compared to May and stood at 57.37 billion, representing 16.1 percent of the total. Repos rose by 1.37 billion euros compared to May and stood... guarantees rose by 131 million compared to May, to 12.21 billion. Bank support continued to remain

    2%

  10. Retail turnover rises by 2.3 pct in June, volume up by 2.3 pct
    Photo by MacroPolis

    EconomyMacroeconomy

    drop of 1.9 percent in May, Hellenic Statistical Authority (ELSTAT) data showed on Friday.... The corresponding volume index also rose by 2.3 percent after a revised drop of 2.2 percent in May... seasonally adjusted (SA) retail sales index in June rose by 2.7 percent compared to May, while

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