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Budget primary deficit reaches 9.09 bln for H1, up almost 3 bln on 2020
EconomyMacroeconomyThe budget primary balance was confirmed at a deficit of 9.09 billion euros in the first half of 2021, compared with a deficit of 6.1 billion in the same period of 2020, according to the final Finance Ministry (MoF) budget execution bulletin for June re...
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Trade balance worsens as Aug produces 43.3 pct deficit on back of pick-up in non-EU activity
EconomyMacroeconomyGreece’s trade deficit increased by 43.3 percent year-on-year (YoY) in August, following a 28.9 percent increase in July according to data from the Hellenic Statistical Authority (ELSTAT) released on Friday. The deficit came to 2.2 billion euros for the...
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Parties gear up for battle over pandemic media funding amid more warnings about press freedom
PoliticsGreek PoliticsPublic funding directed at the media during the pandemic will be at the centre of a parliamentary debate on Friday, following calls by the opposition for a special inquiry into alleged attempts by the government to manipulate public opinion for politica...
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Economic sentiment back up to pre-pandemic levels, reaching 113.4 pts in Nov
EconomyMacroeconomyGreece’s economic sentiment (ESI) continued improving in November, rising by 1 point month-on-month (MoM) to 113.4 points, following a 3.7-point rise in October, according to European Commission figures released on Monday. Economic sentiment had been im...
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Athens trying to step up Western Balkans engagement to counter Turkey's influence
PoliticsForeign PolicyGreece is intensifying its efforts to counter Turkey’s more active role in the Western Balkans, including by strengthening relations between Athens and Kosovo. Foreign Minister Nikos Dendias insisted last Thursday that the future of the Western Balkans ...
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Building activity ends 2021 on the up, rising by 26.6 pct annually
EconomyMacroeconomyLast year ended on a high with respect to the number of building permits issued in Greece, Hellenic Statistical Authority (ELSTAT) data showed on Monday. They rose by 18.3 percent year-on-year (YoY), although this was lower than the 42.9 percent increas...
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Credit growth edges up to 1.6 pct in Mar, led by rise in business loans
EconomyMacroeconomyCredit movement in the Greek private sector accelerated slightly to 1.6 percent year-on-year (YoY) in March, from 1.4 per percent in February, 0.9 percent in January, Bank of Greece (BoG) figures released on Friday showed. The growth in credit expansion...
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Numbers stacking up for PM to announce winter relief package
PoliticsGreek PoliticsPrime Minister Kyriakos Mitsotakis heads for his summer holidays on Friday knowing that upon his return he will have to decide with his ministers what relief measures the government will set out at the Thessaloniki International Fair (TIF) next month. I...
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PASOK and SYRIZA turn up heat on govt as surveillance case realigns political forces
PoliticsGreek PoliticsPolitical pressure on Prime Minister Kyriakos Mitsotakis and his government intensified on Wednesday, when PASOK leader Nikos Androulakis rejected the government’s handling of the revelation that he had been the subject of surveillance by Greece’s intel...
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Greece beefs up border security to counter migration flow
PoliticsForeign PolicyAthens believes the migration crisis has entered a new phase, calling it a hybrid attack on Greece by Turkey. As a result, the Greek government has decided to deploy additional measures to protect the country’s borders. The Council for Foreign Affairs a...
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