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Greek economic sentiment for May at highest point since August 2008
EconomyMacroeconomyGreece’s economic sentiment improved by 3.7 points to 99.1 in May, after falling by 2.1 points in April, according to the European Commission (EC). The headline figure reached a low of 74.8 points in March 2009, and hovered between 75 – 90 points until ...
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First signs from new Greek government point to awkward meetings with lenders
EconomyProgrammeThe first signs of the new Greek government intentions on the economic front were already indicated right after its formation. The Alternate Minister for Shipping Theodore Dritsas told reporters – before he was sworn in – that the privatisation process ...
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Greek deposits nosedive by 12.8 bln in Jan as balances reach lowest point since Aug 2005
EconomyMacroeconomyGreek private sector deposits fell for the fourth successive month in January at the accelerating pace of 7.6 percent month on month (MoM), with balances reaching 148.04 billion euros, according to the Bank of Greece (BoG). The January figure is the low...
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Greece’s price index falls to second lowest point in 12 years
SocietyCommunications are hugely more expensive while prices for transport services are considerably cheaper than the EU average, according to data on price levels on consumer goods and services released by Eurostat last week. Based on price surveys covering m...
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Marinopoulos travails point to wider difficulties for supermarket sector
EconomyFeaturesIt’s been a dramatic few days for the Marinopoulos, Greece’s biggest supermarket chain. The company filed for protection from its creditors last Tuesday amid 1.3 billion euros of debt, an unprecedented amount for a Greek company. A court granted it temp...
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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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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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