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Disposable income rises by 3.5 pct YoY in Q3, final consumption up by 0.9 pct
EconomyMacroeconomyGreek household disposable income grew by 3.5 percent year-on-year (YoY) in the third second quarter (Q2) of 2019, decreasing from the rise of 5 percent noted in the previous quarter, according to Hellenic Statistical Authority (ELSTAT) data released on...
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Retail turnover edged up by 0.2 pct in Dec, annual increase at 1.3 pct
EconomyMacroeconomyGreece’s retail sales index increased by 0.2 percent in December following a rise of 4.7 percent in November, Hellenic Statistical Authority (ELSTAT) data showed on Friday. The current month’s reading is the seventh positive reading for the year so far....
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Athens on lookout as Ankara ramps up rhetoric and activity
PoliticsForeign PolicyGreece feels that over the last few days there has been a notable increase in Turkey aggressiveness, both in words and actions, putting Athens on alert. On Saturday, Turkish Foreign Ministry spokesman Hami Aksoy accused Greece of “Nazi practices” regard...
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Turkey closes borders, Greece keeps up pressure
PoliticsForeign PolicyAnkara decided on Wednesday to close its borders with Greece and Bulgaria in an attempt to slow the spread of the Covid-19 virus. In Athens, diplomatic sources claim that such measures could possibly and temporarily lead to a reduction of the tension se...
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Retail turnover up by 10.1 pct in January
EconomyMacroeconomyGreece’s retail sales index increased by 10.1 percent in January following an upward revised rise of 2.2 percent in December, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday. This is the highest reading since February 2017, when the index...
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OECD sees Greek economy most at risk from Covid-19, with impact reaching up to 35 pct of GDP
EconomyThe Organisation for Economic Cooperation and Development published on Monday a report that evaluates the initial impact on economic activity of containment measures taken around the globe against the spread of the coronavirus. The report notes that as ...
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Despite satisfaction with Covid-19 numbers, govt not eyeing let-up in restrictions
PoliticsGreek PoliticsAs Greek Orthodox Easter approaches, the government is trying to dampen speculation about when it might start lifting the restrictions on movement and the idea that snap elections might be held later this year. The government is insisting that it has no...
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Retail turnover increases by 4.7 pct in February, volume up by 3.5 pct
EconomyMacroeconomyGreece’s retail sales index increased by 4.7 percent in February following a rise of 7.8 percent in January, Hellenic Statistical Authority (ELSTAT) data showed on Thursday. The current month’s reading is the seventh consecutive positive reading so far....
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New tax debt at 1.67 bln to Feb, up by 1.04 bln month-on-month
EconomyMacroeconomyThe month-on-month rise in Greece's new tax debt came to 1.04 billion euros in February, data from the Independent Authority of Public Revenues (IAPR) has shown. New tax debt totalled 1.67 billion, lower than the figure for the same period last year by ...
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Turkey ramps up rhetoric, Greece strengthens presence at Evros border
PoliticsForeign PolicyGreece is continuing its efforts to fortify its borders with Turkey in the northeastern region of Evros. There are concerns in Athens that with the gradual relaxation of lockdown rules in Turkey there is a high possibility that there will be a new flow ...
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