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Greece, lenders tie up some loose ends and continue negotiating
EconomyProgrammeFurther progress was made during meetings between the Greek government and the institutions’ mission chiefs on Wednesday, with Finance Ministry sources saying that the out-of-court workout issue has been settled. Finance Ministry sources noted that hair...
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Greece, creditors seek progress at Eurogroup on key differences holding up review
EconomyProgrammeGreece and its lenders head into Monday’s Eurogroup with differences on several key issues that will have to be resolved if the second review is to conclude in the days ahead. The Greek ministers and the institutions’ mission chiefs held a lengthy telec...
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Foreign minister opens up about EU concerns
PoliticsForeign PolicySYRIZA has made no secret of its desire to change Greece’s approach towards the European Union when it came to power, a theme that had a central role in its campaign. Foreign Minister Nikos Kotzias made an unforgettable first appearance at the EU Genera...
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Primary surplus up to 3.9 pct of GDP in 2016, far above target
EconomyMacroeconomyGreece’s general government primary surplus climbed to 3.9 percent of GDP in 2016, according Hellenic Statistical Authority (ELSTAT) first notification published on Friday. The headline figure confirms recent comments made by the government and top euro...
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Athens holds off on bond as Tsipras talks up labour market
PoliticsGreek PoliticsThe process for Greece to return to the international bond markets did not begin on Monday, despite some of the local media predicting in the previous days that this would be the case. Government officials remained tight-lipped on when or if a trial bon...
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Retail sales up by 3.2 pct in June for sixth straight rise
EconomyMacroeconomyGreece’s retail sales increased by 3.2 percent on an annual basis in June after a marginal 0.4 percent rise in May, according to data published by the Hellenic Statistical Agency (ELSTAT) on Thursday. Compared to the May figure, the index jumped by 8.1 ...
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Government gears up for third review while lenders await pending actions
PoliticsGreek PoliticsThe Greek government had a first opportunity on Monday to get a sense of where things stand regarding the upcoming third review. Alternate Finance Minister Giorgos Houliarakis took part in the Euro Working Group in Brussels, where his eurozone counterpa...
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New overdue tax obligations up by 706 mln in September, total at 98.75 bln
EconomyMacroeconomyGreece’s new tax debt rose by 706 million euros in September, declining from August’s increase of 1.07 billion, the Independent Authority of Public Revenues’ (IAPR) data has revealed. New unpaid obligations from tax categories rose by 662 million in Sep...
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Turnover in tourism sector up 13.9 pct in Q3, positive for fifth consecutive quarter
EconomyMacroeconomyThe turnover index in accommodation and food services increased for the fifth straight quarter in the third quarter (Q3) of 2017, growing by 13.9 percent after a slight downward revision to 7.2 percent in Q2, Hellenic Statistical Authority (ELSTAT) figu...
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Talks on Macedonia name issue to be ramped up but Kammenos unmoved
PoliticsForeign PolicyA new effort aiming to solve the longstanding dispute between Greece and the Former Yugoslav Republic of Macedonia (FYROM) began last week in Brussels. The United Nations special envoy on the name issue, Matthew Nimetz met with the negotiators of the tw...
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