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Unemployment edges down again in June, falling to 17 pct
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate came to 17 percent in June from a downward revised rate of 17.1 percent in May, Hellenic Statistical Authority’s (ELSTAT) data showed on Thursday. For the same time last year, the unemployment rate cam...
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Development model questioned again amid reaction to luxury resort go-ahead
PoliticsGreek PoliticsThe construction of a large resort complex in Corfu on land ceded as part of Greece’s privatisation programme has ignited tension between the government and the local community. Meanwhile, questions have been raised about the benefit of privatisations t...
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Govt's management of Covid-19 response challenged again after latest measures, PM’s trip
PoliticsGreek PoliticsThe image of competence and sensible management of the coronavirus crisis which the Greek government has been trying to project since the early days of the crisis took a major hit over the past few days. New Democracy’s woes began with repeated and cont...
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Economic sentiment picks up again in Oct but consumer confidence drops for fifth month
EconomyMacroeconomyGreece’s economic sentiment (ESI) continued growing in October, when it rose by 3.7 points month-on-month (MoM) to 112.4 points after dropping by 3.3 points in September, according to European Commission figures released on Thursday. Economic sentiment ...
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Government U-turns again to tighten Covid measures over Christmas
PoliticsGreek PoliticsIn its latest about-turn on public health policy, the Greek government has announced a new raft of measures with immediate effect, aimed at slowing the spread of the Omicron variant in the country over the Christmas and New Year holidays. Speaking at a ...
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Administrative changes unveiled as PM's technocratic pledge is tested again
PoliticsGreek PoliticsIn what is usually a subdued period for Greek politics between Christmas and New Year, the government has announced a series of changes among its general and special secretaries, while also experiencing turbulence with regard to one of its earlier techn...
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Economic sentiment on up again after 4.2 pt rise in Jan
EconomyMacroeconomyGreece’s economic sentiment (ESI) continued its upward trend in January, after a pause in December, increasing by 4.2 points to 114.2, according to European Commission figures released on Friday. ESI had dropped by 3.1 points to 110 in December Economic...
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Central govt debt rises again in Q4, reaching 388.3 bln euros
EconomyMacroeconomyGreece’s central government debt increased by roughly 2 billion euros in the last quarter 2021 to 388.34 billion euros, from 386.82 billion euros in the previous quarter, the Finance Ministry's (MoF) debt bulletin showed on Friday. The current QoQ chang...
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Property prices rise again in Q4 2021, taking full-year increase to 7.1 pct
EconomyMacroeconomyThe rise in the nominal value of apartments in Greece accelerated to 9.1 percent year-on-year (YoY) in the last quarter of 2021, from an upwards revised 8.3 percent in the third quarter, Bank of Greece (BoG) data released on Tuesday showed. This is the ...
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Building activity slows again in Mar, as Q1 rise reaches 6.7 pct
EconomyMacroeconomyThe growth in building permits slowed down in March, with total permits rising by 2.8 percent year-on-year (YoY) from a 13.7 percent rise in February, according to the latest data released by the Hellenic Statistical Agency (ELSAT) on Wednesday. The tot...
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