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PM charts course to third term with promises of more handouts
PoliticsGreek Politicsfor a third term in 2027. The prime minister stressed that the government has a full four-year programme... a further round of relief measures for the next fiscal year at the Thessaloniki International Fair... protests earlier this year, New Democracy has been arguing that the opposition consists of protest parties
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Newsletter 461 - 09/05/2025
has started to recover some of the losses it incurred during the first few months of the year, when... 2032, a milestone year when the debt relief measures agreed at the 2018 Eurogroup meeting expire... year-on-year in March, with the deficit landing at 3.04 billion euros. Exports totalled 3.94
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National Bank net profits at 384 mln in Q1, fees up 6 pct YoY to 106 mln
EconomyBankingto a profit of 358 million euros in Q1 2024, a rise of 1 percent year-on-year (YoY). Attributable... to deposits ratio coming to 64 percent, from 60 percent a year ago. NBG was the first bank to have... loaded CET1 ratio stands at 18.7 percent, almost unchanged from a year ago. The capital adequacy
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Q1 travel receipts up 4.4 pct YoY, arrivals also on the rise
EconomyMacroeconomyfor the month were 473.4 million euros, compared to 450.5 million euros in 2024, up 5.1 percent year-on-year... to 425.4 euros for the period, compared with 430 euros a year earlier. Receipts from the EU27 were.... This compares with 2.33 million in the previous year.
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Clarity over fiscal space allows PM to prepare next relief package
PoliticsGreek Politicsthis year, which the ruling conservatives hope will boost their popularity and put them on course... to exceed budgetary limits to strengthen military spending. As part of this year’s European Semester... for several months about how much fiscal space Mitsotakis would have at his disposal later this year
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Solid April for travel receipts, improving balance by 3.5 pct YoY in 4M
EconomyMacroeconomywere 1.08 billion euros, compared to 923.7 million euros in 2024, up 17.4 percent year-on-year (YoY... percent to 501.2 euros for the period, compared with 480 euros a year earlier. Receipts from the EU27 were... with 3.9 million in the previous year.
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Conflict in Middle East puts fresh pressure on economy
EconomyMacroeconomyto ELSTAT data for CPI in May, electricity jumped year-on-year by 18 pct, while natural gas was up by over... by the significant investments of Israeli interests in the sector. Last year, more than 620,000 tourists from... stays. This year the outlook was for even stronger participation of tourism from Israel in the Greek
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Seasonal factors push up retail sales growth to 7.6 pct YoY in Apr
EconomyMacroeconomyGreece’s retail sales had a market rise of 7.6 percent year-on-year (YoY) in April, after growth of 1.1 percent in March, Hellenic Statistical Authority (ELSTAT) data showed on Monday... Easter last year fell on May 5th, compared to April this year. The extreme inflationary effects
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Newsletter 469 - 04/07/2025
of the weekCredit Lending to corporations is leading credit expansion with an 11.3 pct year-on-year (YoY... component as orthodox Easter last year fell on May 5, compared to April this year.
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Travel receipts maintain momentum in May with 17.7 pct YoY rise
EconomyMacroeconomy2.25 billion euros, compared to 1.91 billion euros in 2024, up 17.7 percent year-on-year (YoY... percent to 584 euros for the period, compared with 529 euros a year earlier. Receipts from the EU27 were... with 6.94 million in the previous year.
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