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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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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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