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PBO ups growth estimate to 3.6-4.8 pct, warns of complacency and inequality risks
EconomyMacroeconomyFollowing the positive developments in the first quarter of the year, when the economy only shrank by 2.3 pct on an annual basis, in its latest quarterly report the Parliamentary Budget Office shifted from its previous baseline scenario of annual growth...
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Newsletter 474 - 05/09/2025
residency rights, drawing condemnation from human rights organisations and opposition parties. Migration... to the public purse is estimated at €1.2 billion once fully implemented. Initial estimates placed the full
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Territorial waters, hydrocarbon research cause friction between Athens and Ankara
PoliticsForeign Policyto try to convince them that Greece is set to snatch 40,000 square kilometres from Libya's continental shelf. Akar also claimed that Turkey and Libya almost have neighbouring sea borders (EEZ or continental shelf). The signs are that Turkey is seeking a more active role in Libya. Akar's statements
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Athens ups diplomatic effort as Turkey plans hydrocarbon research in Greek continental shelf
PoliticsForeign Policyon the memorandum signed with the UN-recognised government in Libya’s Tripoli (GNA). Athens has also asked from... that Ankara has demarcated from its shores to the point where its sea borders meet Libya, based... Ankara for the sake of either the EU-Turkey deal on migration, or developments related to Libya
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Athens poised to take next steps on maritime borders
PoliticsForeign Policydeposits by US ExxonMobil southwest of Crete provoked the reaction of Libya’s GNA government... and the Exclusive Economic Zone when there is a relevant agreement with Libya. The same diplomatic.... The same sources believe that this move could lead Greece and Libya to refer their dispute to the ICJ
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Greece, Cyprus and Israel bolster trilateral ties as Turkey looms in background
PoliticsForeign Policyinvolving Cyprus. Libya also signalled readiness for dialogue. Aguila Saleh, speaker of Libya’s House... disputes stemming from the Turkey-Libya maritime memorandum signed in 2019, which Athens deems illegal
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IMF downgrades Greek GDP and unemployment forecasts
EconomyMacroeconomyyear on year compared to IMF’s estimate for a growth of 0.7 percent. The European Commission (EC... of Greece (BoG) has a slightly lower estimate of 2.5 percent, while the OECD foresees a much slower growth.... For 2018, the IMF expects GDP growth to accelerate to 2.7 percent, while its medium-term estimate
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Newsletter 410 - 02/02/2024
that the government is doing what it can to help them get back on their feet. Apart from the pledge... a political threat to the centre-right administration. Apart from speeding up compensation payments... for the best part of a decade. In a study this week, Piraeus Bank estimates that during the crisis some
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Newsletter 433 - 13/09/2024
gathered the requisite support officially submitted their candidacies for the October ballot. Apart... much surprise. Apart from income increases for pensioners and civil servants, Mitsotakis also confirmed... pct in 2024, again below the recent government estimates, to 2.3 pct next year, 2 pct in 2026
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Creditors give thumbs up for 10th post-MoU review, underline pandemic legacy
EconomyProgrammeareas included the human resources reform at the Independent Authority for Public Revenues (IAPR... that were published in the spring estimates, which see growth of more than 4 pct this year and 6 pct... estimates of the spring forecasts, with the protracted pandemic increasing sustainability risks
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