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Budget primary surplus at 918 mln in May, expenditures rise as 13th pension payment takes effect
EconomyMacroeconomyThe budget primary balance recorded a surplus of 918 million euros in the first five months of 2019, compared to a surplus of 853 million noted in May 2018, the Finance Ministry (MoF) preliminary budget execution bulletin showed on Tuesday. The primary ...
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Mitsotakis takes growth message to Thessaloniki, keeps eye on bond profits
PoliticsGreek PoliticsPrime Minister Kyriakos Mitsotakis returned from The Netherlands, the last leg of his first round of visits to EU leaders, to prepare for his visit to the Thessaloniki Expo over the weekend, when he hopes to drive home the message that his government is...
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PM takes to stage in Davos as migration worries persist at home
PoliticsGreek PoliticsAs Prime Minister Kyriakos Mitsotakis took to the international stage in Davos, the now familiar problem of dealing with refugee flows was troubling his government back home. In Switzerland, Mitsotakis was interviewed on stage by historian Niall Ferguso...
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Govt takes up fiscal requests with EU as pressure over min wage, main homes mounts
PoliticsThe government is hoping that the visit of EU Economic Affairs Commissioner Paolo Gentiloni will provide an opportunity for Athens to argue its case for greater fiscal space in the coming months and years. As New Democracy goes in search of more room to...
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Athens takes heart from Gentiloni, Lagarde comments but still has distance to cover
EconomyMacroeconomyDuring the first visit to Athens of the new Economic Affairs Commissioner Paolo Gentiloni, the Greek government stepped up its efforts to secure more fiscal space that will allow it to continue its policy of tax cuts. As Prime Minister Kyriakos Mitsotak...
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Greece takes stock of measures to mitigate Covid-19 impact after Eurogroup reaches deal on latest batch
EconomyAfter more lengthy negotiations, eurozone finance ministers arrived at an agreement on Thursday night to add to the measures that have already been announced to combat the economic impact of Covid-19. Although the compromise struck, bridging major diffe...
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Banks look for way forward as economic shutdown takes its toll
EconomyBankingGreeks banks are facing a complicated challenge in the face of coronavirus as their efforts to reduce NPLs have come to a standstill. In their full year performance reports for 2019, all four of Greece’s systemic banks reported profits and solid progres...
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Greece takes first round against Covid-19 but fight continues
AgoraIn the wake of the devastating impact of the Covid-19 pandemic on Europe, Greece has emerged as an unlikely role model, with international media referring to the “Greek model” of crisis management, and praising the country’s seeming transformation from ...
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Economic sentiment, consumer confidence plummet in April as construction takes worse hit
EconomyMacroeconomyGreece’s economic sentiment (ESI) fell by 10.1 points month-on-month in April to reach 99.3 points, European Commission (EC) figures showed on Monday. In April, the Employment Expectations Indicator (EEI) for Greece came to 102.4 points compared to 115....
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April drop of 9.9 pct for industrial production largest since 2011 as virus takes toll
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) decreased by 9.9 percent year-on-year (YoY) in April following a slightly downward revised increase of 0.4 percent in March, Hellenic Statistical Authority (ELSTAT) data revealed on Friday. The headline figure ...
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