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Car sales up by 17.9 pct in July and 27.2 pct in first seven months of the year
EconomyMacroeconomyRoad motor vehicles going into circulation for the first time rose by 17.9 percent in July, Hellenic Statistical Authority (ELSTAT) data showed on Thursday, slowing down from the rise of 28.4 percent in June. Car sales for the month came to 17,685. The ...
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Coalition tweaks labour market, lines up more post-MoU changes
PoliticsGreek PoliticsPrime Minister Alexis Tsipras is putting the finishing touches to the package of policy pledges he is due to make at the Thessaloniki Expo (DETH) on Saturday, but his government has already taken the first, partly symbolic, step in restoring workers’ ri...
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VAT revenues up in 2016 but rate hikes fail to close gap of 29 pct
EconomyFeaturesThe European Commission's VAT Gap report has revealed that high rates of VAT in Greece appear to have fed tax avoidance rather than close the gap between expected and actual revenues. Out of the European Union countries surveyed, Greece fared among the ...
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Countdown to Macedonia name deal vote has PM weighing up support
PoliticsForeign PolicyJust a few days before the crucial referendum in the Former Yugoslav Republic of Macedonia (FYROM) on the Prespes Agreement, Greece is monitoring developments in its neighbouring country with great interest. In Athens, the government is hoping that the ...
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Economic sentiment drops in September to 101.3, consumer confidence picks up
EconomyMacroeconomyGreece’s economic sentiment (ESI) fell by 3.9 points to 101.3 in September compared to 105.2 in August, European Commission (EC) figures revealed on Thursday. September’s reading marks six straight months where the reading has remained above the 100-poi...
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Amid coalition bickering, Skopje vote lights up path to snap elections in Greece
PoliticsGreek PoliticsDefence Minister Panos Kammenos has vowed to stick with the government until the Prespes Agreement, ratified by MPs in the Former Yugoslav Republic of Macedonia (FYROM) on Friday night, comes to Greek Parliament, although his opposition to the deal mean...
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ESI up to 101.8 in November, consumer confidence rises for sixth straight month, jumping by 2.5 pts
EconomyMacroeconomyGreece’s economic sentiment (ESI) rose by 0.8 points to 101.8 in November from 101 in October, European Commission (EC) figures revealed on Thursday. Sentiment has stayed above the 100-point mark for eight consecutive months now, though last month’s rea...
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Q3 wages index up by 2.8 pct QoQ and by 4.6 pct YoY
EconomyMacroeconomyThe seasonally adjusted (SA) Wages Index rose by 4.6 percent year-on-year (YoY) in the third quarter (Q3) of the year, gaining on a rise of 2.6 percent noted in Q2, Hellenic Statistical Authority (ELSTAT) figures revealed on Tuesday. The wages index cap...
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Building permits rise by 6.6 pct in September, up by 9 pct in 9M
EconomyMacroeconomyBuilding permits rose by 6.6 percent year-on-year (YoY) in September compared to an increase of 13.3 percent in August, Hellenic Statistical Authority (ELSTAT) data released on Tuesday showed. The latest monthly headline figure represents a sixth consec...
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Retail turnover up by 4 pct in Nov, volume rises by 3.2 pct
EconomyMacroeconomyGreece’s retail sales index rose by 4 percent in November against a slightly downward revised fall of 2.3 percent in October, Hellenic Statistical Authority (ELSTAT) data showed on Thursday. The headline figure returns the index to positive ground after...
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