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Moody's latest agency to up outlook to positive, keeps rating below investment grade
EconomyOn Friday, Moody’s upped Greece’s outlook to positive from stable, keeping the rating unchanged at ‘Ba1’, thereby remaining the only agency that is yet to grant the investment grade to Greece, keeping it just one notch below. After the upgrade by Fitch ...
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Athens ponders Syria shake-up with particular focus on Turkey
PoliticsForeign PolicyAthens is assessing how it should react to developments in Syria after insurgents led by HTS toppled Bashar al-Assad in Damascus, triggering changes in the broader geopolitical landscape. Syria dominated discussions at Thursday’s meeting of the National...
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PM weighs up options over pick for president ahead of January decision
PoliticsGreek PoliticsPrime Minister Kyriakos Mitsotakis presided over the last cabinet meeting of 2024 on Monday and is aiming to meet with his ministerial team again in the second week of January, when the media’s attention will be on who the PM will pick as his candidate ...
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Greece makes first contact with new Syrian leader as PM chases up missile issue in Paris
PoliticsForeign PolicyGreece has decided to take its first steps towards building close ties with a post-Assad Syria. That was the main aim of the visit made by Greek Foreign Minister Giorgos Gerapetritis to Damascus on Sunday, where he met with Syrian Interim President Ahme...
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Credit expansion picks up pace in Jan with 10 pct YoY rise
EconomyMacroeconomyThe credit expansion in the Greek private sector remained strong in January, rising by 10 percent year-on-year (YoY), from 8.9 percent in the previous month, Bank of Greece (BoG) figures released on Thursday showed. The net lending flow was negative by ...
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Piraeus Bank profit at 284 mln in Q1, commissions income up to 160 mln
EconomyBankingPiraeus Bank posted a net profit of 284 million euros in Q1 2025, from 233 million euros in Q1 2024. Net interest income (NII) came to 481 million euros in Q1, while net fee income was 160 million euros, from 518 million and 145 million euros respective...
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Opposition amps up criticism over Gaza stance and farming payments scandal
PoliticsGreek PoliticsThe government is facing intensifying criticism from opposition parties over its position on Gaza, as its latest actions on the global scene put it increasingly at odds with the mood in the Greek Parliament. The European prosecutor’s probe into agricult...
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Seeking to shore up right flank, Mitsotakis unveils steps to tackle campus violence
PoliticsGreek PoliticsAmid ongoing speculation about former New Democracy leader Antonis Samaras launching his own right-wing party and the ruling conservatives leaking support to smaller parties, Prime Minister Kyriakos Mitsotakis is trying to find ways to connect with ND’s...
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SYRIZA attempts latest restart as parties gear up for next Tempe showdown
PoliticsGreek PoliticsLeftist opposition party SYRIZA began its latest party conference on Thursday. With the grouping struggling to even hold its ground in the opinion polls, leader Sokratis Famellos called for the congress to be a “restart” moment for the party, which led ...
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Union report sums up grim state of wages, policy shortcomings
EconomyMacroeconomyThe latest annual report by Greece’s largest union, GSEE, captures the grim picture regarding wages in Greece and the spending power of workers. The data highlights the government’s shortcomings in translating the growth of recent years into better real...
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