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China's bumpy road to Greece
EconomyFeatureshas found itself a potential ally in China. China wants to strengthen its foothold in Europe... and a year of cultural exchange has also been launched. Chinese investment One of the private.... The world’s largest coal producer, Shenhua Group has signed a renewable energy deal with Greek
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IMF hints at flexibility as debt relief talks continue
PoliticsGreek PoliticsThe terrorist attack on former Prime Minister Lucas Papademos in Athens on Thursday has drawn... it has a clear advantage over SYRIZA. The incident overshadowed the ongoing efforts to overcome... primary surplus targets of less than 3.5 percent of GDP after 2022. There has been no clear indication
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Economic sentiment down 1.7 pts in May, consumer confidence up for second straight month
EconomyMacroeconomyand stood at -69.7, its highest reading since January. However, consumer confidence has dropped by 5.3... is the lowest reading since May 2016. Since the beginning of the year, this indicator has declined by 4.7.... Over the last 12 months, the biggest improvement of 22.9 points has been recorded by the services
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Another Eurogroup for Greece where all options fell short
Agora, an agreement that “would convince markets the debt has been addressed on a permanent basis... warning sign came from the man who, since 2011, has been tasked with preparing these gatherings, Thomas Wieser, who has about a decade’s worth of Eurogroups under his belt. “So the implementation
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Greek and Turkish PMs tone things down, look to new Cyprus talks
PoliticsForeign Policyof communication open to prevent the escalation of tension. Yildirim has said that violations are being carried... soldiers who fled to Greece but whose extradition to Turkey has been blocked (much to Ankara’s frustration... and that no decision has been taken yet on their political asylum applications. Yildirim phrased his
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Conference on Cyprus: foot-dragging towards a dead end
AgoraAnyone even remotely interested in the Cyprus issue has, by now, become an expert on the geography... has explained. Given that more than 75 percent of the privately owned land in northern Cyprus.... This is true. One has also to take into account, however, that the two communities have failed
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Voters unconvinced by post-Eurogroup narrative, wait for growth
PoliticsGreek Politicsthat the coalition has ahead of it and suggesting that it will take much more for the prevailing... 12 months even though growth has been predicted for this year and the next, and all the talk after the Eurogroup from the government has been about boosting growth, unlocking investment projects
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BoG revises GDP forecast, stresses debt restructuring and reforms in monetary policy report
EconomyMacroeconomyof court legislation has been passed in order to facilitate coordinated action between banks and other... officials involved in debt restructuring, as long as due process has been followed, has been put... in Q1 2017, or 45.2 percent of the total, largely due to write-offs. Progress has been made by banks
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Cyprus talks fail to deliver result, leave concerns about future ties
PoliticsForeign Policycould hint at a “Plan B” that many fear Ankara has already prepared in case the Cyprus talks ended... and viable solution that could allow Cyprus to exist as a normal state without guarantees. He has also... an interest in a Cyprus solution but President Donald Trump has also promised to cut the US share of UN
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Samsung buys out Innoetics in latest boost for Greek tech sector
EconomyFeaturesSouth Korean technology giant Samsung has bought out Innoetics, a small Greek tech firm which... startup success story. Innoetics was bought up with 100 percent ownership by Samsung at a sum that has.... According to the head and former CEO, Emilios Halamandaris, the company has ceased its commercial
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