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Industrial production records second drop of year with 2.9 pct YoY decline in Oct
EconomyMacroeconomy-on-year (YoY) drop, after a 2.6 percent increase in the previous month, according to Hellenic.... The manufacturing index drop was in leather and related products, motor vehicles, trailers and semi... supply and 0.2 percent in manufacturing, partly offset by an 8.3 percent drop in mining. According
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Mitsotakis takes first step in remoulding New Democracy
PoliticsGreek Politicsand the adoption of the Israeli model for cultivating innovation. The conservative chief also... civil servants’ performances, speeding up the implementation of e-justice throughout the justice system, allowing museums to adopt the self-management model used by the Acropolis Museum, allowing public
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Progress seen after Brussels talks but review conclusion still out of reach
PoliticsGreek Politicsthree years. This has not been confirmed. With regards to the measures to open up the energy market... if the text did not make reference to the European social model and labour rights. Athens likely thought this might put more pressure on its European lenders to force the International Monetary Fund to let up
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BoG report highlights economic challenges, proposes way forward
Economyand makes proposals that would free up the country’s potential to accelerate growth. The economy... of the state and companies, impacting the growth prospects. The challenging fiscal path up to 2023... out a set of policies that will transition Greece towards a “sustainable, extroverted growth model led
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EU deal appears promising for Greece, but success rides on efficient use of funds
PoliticsGreek Politicsof grants available. The breakdown for Greece will see Athens having access to up to 38 billion euros from... said that the target is to use these funds to overhaul Greece’s “production model.” All member states... as being high up on his agenda. The final amount available to Greece and the fact that there was no major
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Athens assessing lay of land as Cyprus talks approach and UK seeks new role
PoliticsForeign Policy. The clock is ticking down to the March EU Council for which Athens needs to draw up a specific strategy... of a confederation as a more flexible alternative to the model of “two-states solution”. The Turkish side... the president on the island will only have ceremonial power. It is not clear how this model will work
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Left pulls together against ND's labour reform bill
PoliticsGreek Politicsand leading a “race to the bottom” in workplace protection and earnings. The contrast drawn up.... “We must decide whether we want a growth model based on research, innovation and well-paid work... and earnings. The contrast drawn up between the two sides was illustrated by SYRIZA press spokesman
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Eurobank gears up for crucial but contentious capital increase
EconomyBankingonly on strategic issues, while will also commit to a six-month lock-up period. HFSF said on April 15.... This means that the 19 percent pro-forma ratio would drop to 14.7 percent based on the 2018... of these shares stands at high levels (10 percent with a 2 percentage point step-up every year after 2014
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Car sales up by 20.8 pct in August but rise continues to slow
EconomyMacroeconomysingle-digit increases in the fourth quarter of 2013. Passenger cars, which make up more than 80..., following a drop exceeding 30 percent in each of the preceding three years. In absolute terms, car... financing source of consumers buying motor cars this year is car loans, which make up the bulk
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Car sales still going strong in 2014; up by 33.7 pct in October
EconomyMacroeconomyindicates a slightly slower increase (up 28.1 percent), mainly reflecting two single-digit readings... followed a sharp drop of more than 30 percent in each of the prior three years (2010-12). In absolute... of consumers is car loans, which make up the bulk of consumer credit disbursements so far in 2014.
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