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European Commission leaves 2024 growth estimate of 2.3 pct unchanged
EconomyMacroeconomyThe European Commission left Greece’s growth estimate for 2024 unchanged in the latest winter forecast published on Thursday, expecting the Greek economy to grow by 2.3 pct. The forecast remains... this year’s budget. The Commission also points to last year’s real GDP growth, which landed at 2.2 pct
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Athens goes along with EU over Libya, waits for Turkey's move at UN
PoliticsForeign Policyaiming to prevent any shipment of arms to Libya’s two factions. The operation will involve the deployment of warships to enforce the United Nations arms embargo on Libya. According to the EU foreign... as in Libya. Greece was not invited, again, to the Berlin process aiming for a solution for the Libyan crisis
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Athens content with Scholz's first visit, looks for US backing on Libya
PoliticsForeign Policyto be heard” government sources insisted. However, Athens was again not invited to the so-called Libya process meeting that took place last week. Libya The same issue dominated talks Mitsotakis held last week.... It should be noted that Turkey and Libya are not bordering countries and, most importantly, Egypt
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Alpha Bank posts net profits of 27.5 mln in Q1, ELA eliminated
EconomyBankingperiod a year ago, NPLs have declined by 2.2 billion euros. By segment, NPL formation in the wholesale segment increased by 142 million euros, and declined by 351 million euros in the retail segment... value through other comprehensive income. The bank noted that their tangible book value stood at 7.7
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Greek primary budget surplus at 707 mln as revenues beat target in May
Economy(by 642 million) and higher revenues (by 142 million from shortfall of 620 million to April) more than... the shortfall of 620 million euros by April with 5-month revenues beating target by 142 million... in May and -7.1 percent in 5-month to 2.9 billion, 2.2 percent short of target. Tax refunds surged
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Italian support over Libya buoys Athens as it looks to build broad East Med alliance
PoliticsForeign PolicyJurisdictions Memorandum that Turkey signed last November with the UN-backed government in Libya... signed by Libya and Turkey on the delimitation of the continental shelf is unacceptable, infringes... on the issue of Libya. Government spokesman Stelios Petsas confirmed on Tuesday press reports that Greece
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GDP grows by 1.3 pct QoQ in Q2, in line with growth estimates of 2+ pct for year
EconomyMacroeconomypct that appeared in the 2023 final budget at the end of 2022. The most recent inflation estimate... in 2025. In its growth forecasts, the Parliamentary Budget Office expects the economy to grow by 2.2 pct this year and by 2.2 pct in 2024. The European Commission upped its outlook on Greece for this year
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Quarterly GDP growth slows to 1.2 pct in Q2 as investments shrink and imports rise
EconomyMacroeconomyto 7.7 percent growth, from an upwards revised 8 percent year-on-year (YoY) in Q1. The quarterly movements in Q2 were led by growth in final consumption, where private consumption rose by 2.2 percent... in the Stability Programme for 2022-2025, the growth estimate is revised down to 3.1 pct, from the 4.5 pct
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Car sales remain in forward gear with 7.7 pct YoY rise in Oct
EconomyMacroeconomyin October came to 20,637 compared to 19,155 in 2024, a rise of 7.7 percent. Motorcycle licences... percent, lorries increased by 11.2 percent and buses rose by 7.7 percent.
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Unemployment rate broadly stable at 7.7 pct in Jan
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate dropped further in January to 7.7 percent, from an upwards revised 7.9 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data... it was at 7.7 percent. Monthly unemployment peaked at 28 percent in July 2013. The series low
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