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Another strong rise of 8 pct for industrial production in Nov, led by manufacturing
EconomyMacroeconomyStatistical Authority (ELSTAT) data released on Monday. IPI has been recovering since November last year... to November, the IPI has increased by 10 percent YoY. The aggregate was driven by a 16.3 percent..., industry confidence has increased by 17.5 points. In addition, Greece’s manufacturing PMI edged up
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Govt looks to tweak relief in anticipation of record Covid infections, new inflation high
PoliticsGreek PoliticsNikos Filis argued instead on Monday that it highlighted how poor testing in the community has been..., the health minister has already hinted that the government hopes to lift the ban on music in dining... sectors where turnover has been impacted by over 50 pct, with funds coming from EU structural
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Rising yields, market turbulence limit government's fiscal options
EconomyGreece off its fiscal path. The government has its eyes firmly on securing an investment grade from..., including a green bond in the second part of the year. Greece also has a cash buffer that is kept... the policy response options available to the government, which in the last weeks has come under
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Government focusses on security of energy supplies in light of Ukraine escalation
PoliticsGreek PoliticsThe escalating crisis in Ukraine has prompted a high-level review of the security of Greece’s... by the Ministry of Foreign Affairs, the Greek government has condemned the recognition of the two... of neighbouring countries including Bulgaria, Albania and North Macedonia has focussed on improving
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Athens makes landmark foreign policy shift by sending arms to Ukraine
PoliticsForeign PolicyAthens has shown its support for Kiev following Russia’s invasion by sending ammunition to Ukraine... Gen. Konstantinos Floros. Greece has sent “Kalashnikov-type assault rifles” and missile launchers.... Historically, Greece has not taken a position against Moscow following 1944 and certainly not since
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Govt mulls more tools against inflation as cost of living set to soar
PoliticsGreek PoliticsThe markets’ reaction to conflict in Ukraine has sent the government in search of additional policy... consequences of what he called an “unprecedented crisis”. The Energy and Environment Ministry has already... of the additional fiscal space has already been used up for exceptional measures and tax cuts. On Monday
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Govt readies additional inflation relief package, draws up new budget
PoliticsGreek Politicsthe government has already announced. Over the weekend, media reports outlined the kind of interventions... to vulnerable households, and the energy bill subsidy that has been in place since last September... wheat-based products as the price per ton has jumped to 450 euros, from 300 euros before the Russian
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Athens hoping for period of calm in Greek-Turkish relations after PM's talks with Erdogan
PoliticsForeign Policythe backdrop of the war in Ukraine, which has allowed the two sides to discuss as “NATO partners” and “pillars... for this autumn. It will be the fifth meeting of this council, which was first convened in 2010 and has... is counting on LNG supplies and has also stressed the need to speed up the exploitation of offshore oil
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SYRIZA challenges govt over Covid deaths again as pandemic numbers rise
PoliticsGreek Politicsends meet. Although this has not yet translated into a significant or sudden drop in support for ND, the fact that its share of the vote has fallen below the combined backing for left-wing SYRIZA... to intensive care. SYRIZA has long argued that the government did not do enough to strengthen public
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Economic sentiment holds in Mar as consumer confidence falls sharply
EconomyMacroeconomyperiod, the ESI has increased by 15.5 points compared to April 2021. The indicator hit its most recent... 114.1 points in January, recording a sharp decline. The EEI has risen by 3.5 points in the rolling... confidence has increased by 17.1 points. The services index dropped by 5.5 points to 37.7. Services
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