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Building permits jump by 77.8 pct in Feb for second highest rise since pandemic
EconomyMacroeconomyThe strong start to the year continued for building permits, with a rise of 77.8 percent year-on-year (YoY), after a 15.1 percent increase in January, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Tuesday. This is the third largest annual rise in building activity
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Growth in vehicle registrations slows in May, up 7.7 pct in first five months
EconomyMacroeconomyRoad motor vehicles going into circulation for the first time dropped by 0.8 percent year-on-year (YoY) in May, after a strong 36.3 percent jump in April, according to Hellenic Statistical Authority (ELSTAT) data released on Thursday. In May 2023, licences had grown by 5.6 percent annually. Car
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Athens wary of North Macedonia PM's intentions, hopes for EU support over name issue
PoliticsForeign Policyto her country as Macedonia while she took the formal oath of office. This sparked a strong reaction
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Led by a sharp drop in food sales, retail contracts by 1.4 pct YoY in Apr
EconomyMacroeconomyGreece’s retail sales resumed the contraction in April with a 1.4 percent year-on-year (YoY) drop, after a strong rebound of 11.1 percent in March, Hellenic Statistical Authority (ELSTAT) data showed on Friday. The corresponding volume index recorded a solid decrease of 6.3 percent YoY. Sales have
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Fresh turbulence at SYRIZA as opposition parties take aim at bank deal
PoliticsGreek Politicsin Parliament on Tuesday, where several opposition politicians expressed strong misgivings. New Democracy’s
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Late Easter helps retail sales rise by 14.3 pct YoY in May
EconomyMacroeconomyby a strong rise of 31.4 percent YoY in department stores, while supermarket sales were also up
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Opposition pledges no let-up on surveillance affair as watchdog joins Supreme Court critics
PoliticsGreek Politicsparties in trying to use parliamentary procedures against a strong New Democracy majority in the two
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Bumper results for banks add to frustration over interest rates, fees
EconomyBankingOver recent weeks, the Greek systemic banks released another set of solid results for H1, with strong profitability and building on last year’s performance that allowed them to distribute total dividends exceeding 900 million euros, the first distribution to shareholders in 16 years. Greek banks
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New bout of turmoil in SYRIZA provides PM with breathing space
PoliticsGreek Politicswho were supposed to be strong allies. Polakis reportedly played a role in ushering newcomer
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Building activity's upward course halts in May with 19.6 pct YoY drop
EconomyMacroeconomyThe strong start to the year for building activity halted in May, with a sharp drop of 19.6 percent year-on-year (YoY), after a rise of 40.1 percent in April, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Wednesday. The total number of permits issued in May reached
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