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Final budget sees strong growth, fiscal overperformance in 2018
EconomyMacroeconomyhanded over to the parliamentary speaker on Tuesday by Alternate Finance Minister Giorgos Houliarakis... is that investment growth will more than double compared to this year, reaching 11.4 percent. Exports... Ministry sees an outperformance again despite the fact that the target will double to 3.5 percent of GDP
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Mitsotakis buoyed by poll ratings, boost to growth narrative
PoliticsGreek Politicsappears to have secured strong backing for some of the key policy decisions it has taken so far... stressed the strong US interest in exporting LNG to Greece and using it as a hub to move the fuel... and increasing Greece’s growth rate. During the election campaign Mitsotakis said his goal is to double
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Athens goes along with EU over Libya, waits for Turkey's move at UN
PoliticsForeign Policyaiming to prevent any shipment of arms to Libya’s two factions. The operation will involve the deployment of warships to enforce the United Nations arms embargo on Libya. According to the EU foreign... as in Libya. Greece was not invited, again, to the Berlin process aiming for a solution for the Libyan crisis
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Newsletter 389 - 14/07/2023
allocated to the Youth Pass due to be handed out to 18-year-old Greeks, granting them 150 euros each... oversubscribed, with strong participation by real money investors, led by banks with 42 pct, predominantly... at 10.5 pct, lorries rising by 13.6 pct and buses up by 18.2 pct. In the first half of 2023, road motor
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Italian support over Libya buoys Athens as it looks to build broad East Med alliance
PoliticsForeign PolicyJurisdictions Memorandum that Turkey signed last November with the UN-backed government in Libya... signed by Libya and Turkey on the delimitation of the continental shelf is unacceptable, infringes... on the issue of Libya. Government spokesman Stelios Petsas confirmed on Tuesday press reports that Greece
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Trade deficit surges 17.7 pct in Feb on double-digit growth in imports
EconomyMacroeconomyGreece’s trade deficit continued heading north at a double-digit rate in February, when it increased by 17.7 percent in February after exceptionally strong growth of 91.7 percent in January, Hellenic Statistical Authority (ELSTAT) data showed on Friday. As we noted, the substantial rise in January
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Sale of defence manufacturer stokes opposition criticism amid bid to bolster regional ties
PoliticsGreek Politicsstrong condemnations of the government’s decision to sell vehicle manufacturer ELVO (Hellenic Vehicle... in Libya, which are seen as crucial to defending maritime territorial rights against Turkish claims, while... transport vehicles used by the Greek armed forces, as well as buses for civilian and military uses
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Greece and the euro: The flight of Icarus
Agoraexchange of favours that involved public sector jobs and contracts being handed to party supporters... consumption in Greece was almost double what it was before the country joined the euro. The housing market... of money and even some school buses are being put out of service. This is a dramatic change
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Newsletter 257 -07/07/2020
remains strong but that its big lead over SYRIZA has been eroded slightly. According to the Marc... have cause for concern, as the numbers show the party’s double-digit lead starting to narrow... a double-hit scenario, which envisions a second wave of coronavirus hitting the country, employment
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Car sales still going strong in 2014; up by 33.7 pct in October
EconomyMacroeconomy(+29.6 percent) in line with the total headline figure. All indications point to a strong double-digit... Statistical Authority (ELSTAT). October was the sixth straight month with a double-digit reading... in October from 7,730 in September and 6,850 in October 2013. Following another strong reading
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