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Greece reignites energy alliance talks with Israel and Cyprus amid US interest
PoliticsForeign Policyof President Trump, diplomatic sources acknowledge. Libya One country that is at the centre of interest for both Athens and Washington is Libya. The US is already including the North African country in a 4+1..., Turkey and Libya, aiming at resolving maritime disputes and, more specifically, the delimitation
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France and Greece upgrade defence pact as regional and political risks loom
PoliticsForeign Policyand delivering practical solutions. Renewed engagement with Libya The visit of Greek Foreign Minister Giorgos Gerapetritis on Monday to Tripoli, Libya, marked a significant step in revitalising bilateral... was another key topic during Monday’s talks. Gerapetritis noted that flows from western Libya to Greece
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Most Greek businesses feel capital controls impact, 69 pct see turnover drop
Economystating they saw a drop in turnover, with 18 percent indicating a nosedive above 50 percent and 51... showing the impact that capital controls, imposed on June 29, have had on local businesses... after the imposition of capital controls. In an effort to address the constraints in cash flow
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Greece saw first annual deflation in almost half a century in 2013
EconomyMacroeconomyThe drop in Greece’s Consumer Price Index (CPI) decelerated to 1.7 percent in December after peaking with a 2.9 percent decline in November, according to the Hellenic Statistical Authority (ELSTAT). On a monthly basis, the CPI rose 0.9 percent for the f...
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April saw first rise in Greek banks' Eurosystem funding this year
EconomyMacroeconomyGreek banks’ Eurosystem funding increased by 1.27 billion in April, showing a monthly rise for the first time since December 2013, according to the Bank of Greece's (BoG) monthly financial statement. The headline figure stood at 61.96 billion at the end...
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Most Greeks saw income fall over last year, limiting purchasing power
SocietyThe results of a survey by the Labour Institute (INE) of the General Confederation of Greek Workers (GSEE), which was published on July 17, highlighted how salary earners’ purchasing power has been limited. The survey, conducted in cooperation with Alco...
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Increase in number of services that saw their turnover decrease in Q2
EconomyMacroeconomyThe evolution of turnover indices for the services sector showed a worsening performance in Q2 2014, with 10 out of the 14 types of services, or specific activities of services as they are referred to, posting a negative growth, according to the Helleni...
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Almost all services in Greece saw decline in Q3
EconomyMacroeconomyThe evolution of the turnover indices for the services sector showed a further worsening in the third quarter (Q3) of 2014 with 12 out of the 14 service activities recording a drop, according to the Hellenic Statistical Authority (ELSTAT). In the preced...
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Office prices and rents saw substantial fall in H1 2014
EconomyThe Bank of Greece (BoG) published on Monday for the first time its commercial property price and rent indices. The released data concerns office and retail price and rent levels of prime investment property and cover the period from the first half (H1)...
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Greek households saw net financial wealth plummet by 37.5 pct during crisis
EconomyMacroeconomyΤhe impact on Greek households’ financial wealth and liabilities during the crisis years is examined in a study included in the latest statistical bulletin published by Bank of Greece on Wednesday. The study showed that the net financial wealth of Greek...
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