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Energy drives 0.5 pct YoY fall in July producer prices as other components rise
EconomyMacroeconomyGreece’s Producer Price Index (PPI) recorded a minor contraction in July, with a drop of 0.5 percent year-on-year (YoY), after an increase of 1.6 percent in June, ELSTAT data showed on Friday. This is the first contraction of the year, following six con...
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Fuels and food drive 0.7 pct YoY fall in Sept retail sales
EconomyMacroeconomyGreece’s retail sales dropped by 0.7 percent year-on-year (YoY) in September, after a strong rise of 5.1 percent in August, Hellenic Statistical Authority (ELSTAT) data showed on Friday. September’s negative reading reversed the recent trend of three co...
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Deposits fall marginally in April as rise for households offsets business drop
EconomyMacroeconomyPrivate sector deposits dropped marginally in April, with a net outflow of 66 million euros, after a rise of 2.08 billion euros in March, according to the latest Bank of Greece (BoG) figures released on Tuesday. The annual growth in April was 5.8 percen...
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Services elevate economic sentiment in June as all other components fall
EconomyMacroeconomyGreece’s economic sentiment (ESI) continued improving in June, with the index at 108.3 points, from 107.7 in the previous month, according to European Commission figures released on Monday. Over the rolling 12-month period, June’s ESI is virtually uncha...
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Trust levels fall again as public perceptions trail economic progress
SocietyTrust in public institutions in Greece has continued to weaken, despite notable improvements in economic performance, administrative modernisation and public integrity frameworks. The 2025 OECD Trust Survey shows that high or moderately high trust in th...
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Car sales slowed in July as drop in new vehicle sales prompts 3.9% YoY fall
EconomyMacroeconomyThe number of vehicles going into circulation for the first time slowed in July, with a drop of 1.2 percent year-on-year (YoY), after an increase of 8.3 percent in June, according to Hellenic Statistical Authority (ELSTAT) data released on Thursday. In ...
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Coalition not ditching referendum idea from policy options but details muddled
PoliticsGreek PoliticsAs much as it tries, the Greek government cannot escape the issue of if it will consider holding... holding a referendum on whatever is agreed by June “would not be a bad idea” as it would ensure... creditors would be willing to accept. In 2011, when George Papandreou suggested holding a vote
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Domestic pressure over refugee crisis building for Tsipras
PoliticsForeign Policymay become a holding pen for refugees and migrants. However, the increasing isolation of Greece over... is holding with Western Balkan countries in Vienna on Wednesday was a serious blow and has raised..., for holding up the deployment of the NATO reaction force. It may be just a question of time before
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PM seeks to douse snap election talk, points to October polls
PoliticsGreek PoliticsAmid growing speculation that Alexis Tsipras is thinking of rejecting the option of holding snap... reports suggesting that Tsipras is leaning towards holding out until October for general elections... but some commentators have suggested that this would also facilitate the holding of national
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Greek banks eye positive market appetite for bad loan sales
EconomyBankinga holding company. In Piraeus Bank’s preliminary summary ahead of their full 2019 results, the bank... as forthcoming legislative reforms. Alpha Alpha Bank is also holding roadshows in Paris and London this week... will be transformed into a holding company with a transformation date of June 30, 2019. The results
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