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Coalition plays down sub-tranche delay, opposition steps up pressure
PoliticsGreek PoliticsThe Greek government played down on Friday the news that the European Stability Mechanism (ESM) has decided not to release yet the 1-billion-euro sub-tranche that was dependent upon arrears clearance targets being met. An ESM spokesman revealed that the...
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Car sales up by 18.7 pct in May, motorcycle sales rise 16.3 pct
EconomyMacroeconomyRoad motor vehicles going into circulation for the first time rose by 18.7 percent in May Hellenic Statistical Authority (ELSTAT) data showed on Monday, slowing from the increase noted in April, which came to 29.3 percent. Car sales for the month came t...
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Trade deficit up by 30.9 pct in June as imports grow faster than exports
EconomyMacroeconomyGreece’s trade deficit jumped by 30.9 percent year-on-year (YoY) in June, reversing the decline of 15.8 percent noted in May according to data from the Hellenic Statistical Authority (ELSTAT) released on Tuesday. The deficit stood at 1.97 billion euros ...
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Car sales up by 17.9 pct in July and 27.2 pct in first seven months of the year
EconomyMacroeconomyRoad motor vehicles going into circulation for the first time rose by 17.9 percent in July, Hellenic Statistical Authority (ELSTAT) data showed on Thursday, slowing down from the rise of 28.4 percent in June. Car sales for the month came to 17,685. The ...
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Coalition tweaks labour market, lines up more post-MoU changes
PoliticsGreek PoliticsPrime Minister Alexis Tsipras is putting the finishing touches to the package of policy pledges he is due to make at the Thessaloniki Expo (DETH) on Saturday, but his government has already taken the first, partly symbolic, step in restoring workers’ ri...
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VAT revenues up in 2016 but rate hikes fail to close gap of 29 pct
EconomyFeaturesThe European Commission's VAT Gap report has revealed that high rates of VAT in Greece appear to have fed tax avoidance rather than close the gap between expected and actual revenues. Out of the European Union countries surveyed, Greece fared among the ...
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Countdown to Macedonia name deal vote has PM weighing up support
PoliticsForeign PolicyJust a few days before the crucial referendum in the Former Yugoslav Republic of Macedonia (FYROM) on the Prespes Agreement, Greece is monitoring developments in its neighbouring country with great interest. In Athens, the government is hoping that the ...
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Economic sentiment drops in September to 101.3, consumer confidence picks up
EconomyMacroeconomyGreece’s economic sentiment (ESI) fell by 3.9 points to 101.3 in September compared to 105.2 in August, European Commission (EC) figures revealed on Thursday. September’s reading marks six straight months where the reading has remained above the 100-poi...
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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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