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Total overdue tax obligations rise to 100.74 bln, up by 1.19 bln in November
EconomyMacroeconomyGreece’s new tax debt rose by 1.19 billion euros in November, a slight increase on October’s figure of 1.18 billion, data from the Independent Authority of Public Revenues’ (IAPR) has revealed. New unpaid obligations from tax categories rose by 1.14 bil...
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Coalition and opposition gear up for battle over Novartis claims
PoliticsGreek PoliticsFollowing a three-day weekend, attention turned to the Novartis bribery allegations again on Tuesday as Parliament prepares to debate the affair and vote on whether to launch a preliminary judicial inquiry. MPs are due to begin debating the government’s...
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Tight schedule ahead for Athens and lenders in build-up to MoU exit
EconomyProgrammeThe Greek government has denied that Athens and the institutions are considering extending the third programme, which ends in August. The Finance Ministry responded to a report in Fileleftheros (Liberal) newspaper, which claimed that Greece and its cred...
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Car sales up by 33.1 percent in February
EconomyMacroeconomyRoad motor vehicles going into circulation for the first time rose by 33.1 percent in February, slowing from the increase of 44.3 percent noted in January, Hellenic Statistical Authority (ELSTAT) data showed on Friday. Car sales for the month came to 13...
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Wages index improves by 0.2 pct in Q4, up by 2 pct YoY
EconomyMacroeconomyThe seasonally adjusted (SA) Wages Index rose by 2 percent year-on-year (YoY) in the fourth quarter (Q4) of 2017, after falling by 0.7 percent in the previous quarter, Hellenic Statistical Authority (ELSTAT) figures revealed on Tuesday. The wages index ...
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Retail sales rise by 0.7 pct in Jan, volume up by 1.5 pct
EconomyMacroeconomyGreece’s retail sales rose by 0.7 percent year-on-year in January after December’s increase was revised down to 2 percent, according to data published by the Hellenic Statistical Authority (ELSTAT) on Friday. January’s headline figure is the second posi...
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Car sales up by 23.9 pct in March and by 33.3 pct in three-month period
EconomyMacroeconomyRoad motor vehicles going into circulation for the first time rose by 23.9 percent in March, remaining positive but declining against the 33.1 percent increase in February, Hellenic Statistical Authority (ELSTAT) data showed on Friday. Car sales for the...
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Economic sentiment up to 104.2 in May, construction confidence grows by 15.7 pts
EconomyMacroeconomyGreece’s economic sentiment (ESI) grew by 0.6 points to 104.2 in May versus 103.6 in April, European Commission (EC) figures revealed on Wednesday. May’s reading is the second consecutive reading above the 100-point mark, following the index dipping to ...
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More debt talks lined up but chances of IMF departure growing
EconomyProgrammeFollowing an unsuccessful attempt to reach a compromise on Greece’s debt relief package over the weekend, the country’s lenders are due to make another effort to find common ground on Thursday. However, it is looking increasingly unlikely that the final...
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CPI up by 0.6 pct in May, second positive reading the year
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) rose by 0.6 percent in May after remaining stable in April, Hellenic Statistical Authority (ELSTAT) data showed on Friday. Last year was the first where there was a consumer price rise after four years of deflation. T...
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