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Firefighting capabilities beefed up as blazes and water shortages weigh on government
PoliticsGreek PoliticsPrime Minister Kyriakos Mitsotakis said on Friday that Greece’s defences against wildfires have been the strongest they have ever been but the realities of the climate crisis, whether in the form of summer blazes or water shortages, are becoming ever-mo...
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Opposition lines up attack on government over wildfires with visits to affected areas
PoliticsGreek PoliticsOpposition parties are preparing to lift their unofficial moratorium on criticising the government for its handling of several serious wildfires which left a tail of devastation across different parts of the country since the start of August. Party dele...
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Athens seeks talks with Erdogan as Turkey steps up diplomatic activity in region
PoliticsForeign PolicyAthens will seek to overcome the stalemate in its political dialogue with Ankara during a meeting that Greek Prime Minister Kyriakos Mitsotakis is aiming to have with Turkey’s President Recep Tayyip Erdogan in New York. If the two leaders meet, it will ...
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At sidelines of UNGA, Mitsotakis talks up Greece’s prospects as energy, tech hub
PoliticsGreek PoliticsDespite the cancellation of his meeting with Turkish President Recep Tayyip Erdogan at the sidelines of the 80th United Nations General Assembly (UNGA), Prime Minister Kyriakos Mitsotakis has had a busy week of talks in New York, during which has tried ...
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Current account deficit improves significantly, reaching 6.62 bln up to Aug
EconomyMacroeconomyGreece’s current account recorded a surplus of 1.1 billion euros in August, from a surplus of 938.4 million euros in July, Bank of Greece (BoG) data released on Tuesday showed. In August 2024, the balance showed a surplus of 313.5 million euros. The Ban...
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Greece's industrial production shows no signs of reversing the negative trend
EconomyMacroeconomyThe Industrial Production Index recorded a drop of 1.8 percent in September showing a decelerating trend following a drop exceeding 7 percent in the preceding two months, according to Hellenic... recording the highest decline, while the remaining monthly readings showed a mid-single digit drop
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Narrowing of trade deficit slows in November as exports fall 22.5 pct
EconomyMacroeconomy(ELSTAT). The change to November shows a continued deceleration since the drop in the trade deficit... at a higher rate than imports. The low single-digit drop in November reflects imports falling by 15.3... of the oil bill was much smoother in 11-month exports, which exhibited a 2.5 percent drop excluding oil
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Electricity drives rare rise in Greek industrial production index
EconomyMacroeconomyin line with the 3.4 percent drop recorded in 2012. The monthly movements throughout 2013 indicate high... percent), July and August recording the highest drop (7.8 – 8.1 percent), while the other monthly readings showed a mid-single digit drop. It is worth noting that the IPI has only had five positive year
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Greek deflation slows to 1.5 pct in January
EconomyMacroeconomyThe drop in Greece’s Consumer Price Index (CPI) slowed to 1.5 percent in January from 1.7 percent... eased 1.2 percent due to a double-digit drop (-15.1 percent) in clothing and footwear most likely... as education are the two sectors mostly hit by deflation showing a drop ranging from 3.9 to 4.3 percent
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Greek retail sales dive 8.5 pct in May after brief rise in April
EconomyMacroeconomyin April. The rate of drop in May retail turnover indicates the highest negative reading since... reason, the month on month (MoM) evolution showed a drop in May retail turnover and volume by 7.2... as furniture, electrical and household equipment posted the highest YoY drop at -17.8 and -11 percent
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