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Amid coalition bickering, Skopje vote lights up path to snap elections in Greece
PoliticsGreek PoliticsDefence Minister Panos Kammenos has vowed to stick with the government until the Prespes Agreement, ratified by MPs in the Former Yugoslav Republic of Macedonia (FYROM) on Friday night, comes to Greek Parliament, although his opposition to the deal mean...
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ESI up to 101.8 in November, consumer confidence rises for sixth straight month, jumping by 2.5 pts
EconomyMacroeconomyGreece’s economic sentiment (ESI) rose by 0.8 points to 101.8 in November from 101 in October, European Commission (EC) figures revealed on Thursday. Sentiment has stayed above the 100-point mark for eight consecutive months now, though last month’s rea...
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Q3 wages index up by 2.8 pct QoQ and by 4.6 pct YoY
EconomyMacroeconomyThe seasonally adjusted (SA) Wages Index rose by 4.6 percent year-on-year (YoY) in the third quarter (Q3) of the year, gaining on a rise of 2.6 percent noted in Q2, Hellenic Statistical Authority (ELSTAT) figures revealed on Tuesday. The wages index cap...
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Building permits rise by 6.6 pct in September, up by 9 pct in 9M
EconomyMacroeconomyBuilding permits rose by 6.6 percent year-on-year (YoY) in September compared to an increase of 13.3 percent in August, Hellenic Statistical Authority (ELSTAT) data released on Tuesday showed. The latest monthly headline figure represents a sixth consec...
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Retail turnover up by 4 pct in Nov, volume rises by 3.2 pct
EconomyMacroeconomyGreece’s retail sales index rose by 4 percent in November against a slightly downward revised fall of 2.3 percent in October, Hellenic Statistical Authority (ELSTAT) data showed on Thursday. The headline figure returns the index to positive ground after...
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Tsipras ramps up fiscal pledges as elections draw closer
PoliticsGreek PoliticsEven though his government has just adopted the latest package of fiscal expansionary measures, Prime Minister Alexis Tsipras is not holding back in pledging similar interventions before the general elections later this year. The SYRIZA leader suggested...
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Deposits up by 1.54 bln in April, rising for second consecutive month
EconomyMacroeconomyNet deposit movement in the Greek banking system turned positive by 1.54 billion in April after inflows of 1.22 billion euros in March, Bank of Greece (BoG) figures revealed. The current month’s flow marks two months of positive inflows after two months...
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Wages index up by 1.8 pct in Q1 YoY
EconomyMacroeconomyGreece’s seasonally adjusted (SA) Wages Index rose by 1.8 percent year-on-year (YoY) in the first quarter (Q1) of 2019, following an upward revised rise of 5 percent in Q4, Hellenic Statistical Authority (ELSTAT) figures revealed on Wednesday. The wages...
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Unemployment rate up to 19.2 pct in Q1, long-term jobless still falling
EconomyMacroeconomyThe Greek non-seasonally-adjusted unemployment rate stood at 19.2 percent in the first quarter (Q1) of the year, increasing from the rate of 18.7 percent noted in Q4 2018, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday. Despite the r...
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Mitsotakis steps up pressure on voters to avoid July 7 letdown
PoliticsGreek PoliticsOpposition leader Kyriakos Mitsotakis has increased the pressure on voters to back his party on July 7, warning that if there is not a clear outcome, a second vote may have to be held in mid-August, spoiling Greeks’ holidays. Mitsotakis’s comment is the...
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