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Passenger cars lead the way as vehicle sales rise by 17.9 pct in Aug
EconomyMacroeconomyThe rise in road motor vehicles going into circulation for the first time picked up pace in August..., with the absolute figure standing at 13,883. The remainder was made up of lorries (2,104) and buses (68... car sales up by just 0.6 percent. New buses and used lorries dropped by 63.6 and 20.6 percent
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Tsipras hits back with own economic pledges, choice for voters to ponder
PoliticsGreek Politicswage up to 800 euros, from the current 713 euros. Under the government’s plans, the next increase... leaving power in 2019. He said that retirees earning up to 500 euros per month would receive a full... call a second election. Much of the media briefing was taken up by questions about the wiretapping
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Tourism jobs tumble in Aug, ending 6-month run of positive hirings balance
EconomyMacroeconomyas layoffs. Layoffs are up by 36 percent compared to last year, as all measures preserving jobs are wound down. Hires were up by 14,914 jobs compared to August last year, while departures are up... up 41 percent and 11 percent of hirings, respectively. In August, hirings were split roughly 56
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ND and SYRIZA prepare to set out on campaign trail
PoliticsGreek Politicsthe candidates the conservatives will put forward, heat up. Last week, Mitsotakis made it clear that he... even though the winner will be awarded up to 50 bonus seats. SYRIZA is on a similar footing as it is also preparing to engage with voters across the country, stepping up its efforts to convince
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Education hirings offset losses in tourism for Sept as 9M figure drops by 21,394 jobs YoY
EconomyMacroeconomyclassed as layoffs. Layoffs are up by 21 percent compared to last year, as all Covid-related measures preserving jobs have been wound down. Hires were up by 39,266 jobs compared to September last year, while departures are up by 32,755. The proportion of hirings for full-time work came to 47 percent
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Newsletter 356 - 21/10/2022
the Bank of Greece, up to June 2022, the NPE ratio systemwide stands at 10 pct and based on the latest... picked up the first quarter of 2016, reaching 107.2 billion euros, at nearly 49 pct of total loans... banks story in the past, but ended up getting their fingers burnt. The Greek authorities will have
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Current account surplus drops in Aug, as 8M deficit jumps by 73 pct to over 10 bln
EconomyMacroeconomyin the same period of 2021. The goods balance showed a deficit of almost 24.43 billion euros, up from 15.7 billion euros up to August 2021. The oil deficit has more than doubled, from 3.06 billion in the eight...-to-date goods deficit was 16.94 billion euros, from 12.61 billion euros in 2021. Up to August
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Alpha Bank profits of 92.7 mln in Q3 raise 9M income to 335.4 mln
EconomyBankingtransformation, higher impairments and transactions related to the balance sheet clean up. Core pre... 2021 in terms of the balance sheet clean-up - which consisted of the Project Galaxy securitisation... was 339 million euros in Q3, up by 12 percent QoQ. The net interest margin was 1.6 percent in 9M. Net
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Reports claiming link between spyware and state pile pressure on government
PoliticsGreek Politicsthat was set up at a special National Intelligence Service (EYP) facility, to which police officers were... not stand up to scrutiny. If confirmed, this could be significant evidence as it has been established.... Economou continues to insist that there is no evidence to back up the claims being published
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Travel receipts almost double, but current account deficit rises by 78 pct in 9M
EconomyMacroeconomyof 2021. The goods balance showed a deficit of almost 28.14 billion euros, up from 18 billion euros up to September 2021. The oil deficit has more than doubled, from 3.46 billion in the nine months... deficit was 19.14 billion euros, from 14.52 billion euros in 2021. Up to September, the travel
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