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Turnover in tourism sector rebounds 2.6 pct in Q3
EconomyMacroeconomya nosedive of 26.7 and 24.3 percent. The most updated volume figures published by the Association of Greek Tourism Enterprises (SETE) showed international tourist arrivals at the main Greek airports soared... to a drop in the average expenditure per trip by 9.3 percent to 547 euros, while foreign arrivals rose
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Athens keeps cautious eye on Berlin-Ankara relationship as German elections approach
PoliticsForeign Policytalks, this will in turn change the balance in Greek–Turkish relations. For the last three decades... citizens who are accused in Turkey for having participated in last year’s coup. The Greek government may... that Ankara has once again allowed refugee flows to resume. Numbers of arrivals also do not confirm
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June current account shows surplus of 208.8 million as imports outpace exports
EconomyMacroeconomyfall in non-residents' holdings of Greek government bonds and T-bills. During the aggregate period... by a rise of 4 billion in non-residents holdings of Greek government bonds and T-Bills. Reserve assets fell... percent rise in international arrivals. The rise in receipts comfortably offset a rise in travel
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Latest air traffic data emphasises tourism's difficulties as 2019 data reveals bumper year
EconomyFeaturesThat latest air traffic data has highlighted what a terrible year the Greek tourism sector is going through, just as newly released 2019 figures highlighted an increase in arrivals and receipts last year. Research by the institute of the Association of Greek Tourism Enterprises (INSETE) has
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Why did Greece return to bond markets now? Was it the right decision?
Economyilluminate this debate. 1) Why did Greece issue this bond now? The Greek government had been.... In mid-March Piraeus Bank became the first Greek bank to access the international debt markets after... participating in the transaction. Following this, at the end of March two of the core Greek banks (Alpha
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MPs vote for referendum amid growing uncertainty about euro membership
PoliticsGreek Politics(@tsipras_eu) June 27, 2015 Honoring the sovereignty of the Greek people to express... to consider any new proposals to the Greek government. In fact, they have gradually begun indicating..., encouraging Greek people to also oppose them. New Democracy leader Antonis Samaras hinted at the creation
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Eighteen core goods led exports during crisis, NBG study notes
EconomyFeaturesA core group of 18 products made up the backbone of Greek exports during the crisis years... category, which covered 27 percent of Greek exports and have a strong share in international markets... are considered to be rising export products, meaning that although they make up 3 percent of Greek
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Watchdog raid strains testy relationship between banks and govt
EconomyBankingAnother chapter in the unexpectedly turbulent relationship between the new Greek administration... of the four systemic banks, Attica bank and the Hellenic Banking Association. The Greek competition watchdog was reportedly looking for evidence of coordinated practices by Greek bankers in setting
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Mitsotakis heads to Washington with defence, energy and investment at top of agenda
PoliticsForeign Policythe agenda of what will be the Greek premier’s second visit to Washington during his tenure. Last week, the Greek Parliament ratified the Mutual Defence Cooperation Agreement (MDCA) with the USA, which... decisions related to the US Foreign Policy. The Greek side is counting on several US Congressmen
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From pipe dreams to power cables: the changing map of Greece's energy ambitions
Agorathe recent change in direction, it is worth looking first at the background of Greek energy policy... as a “transition fuel” to renewables. This was expressed vividly in 2021 by one senior Greek policymaker.... At the Davos World Economic Forum in January 2024, Greek PM Kyriakos Mitsotakis acknowledged
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