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SYRIZA pushes alternative cost-of-living package but govt support still a vote-winner
PoliticsGreek PoliticsThe surprise announcement of a “Market Pass” for hard-pressed shoppers in the prime minister’s budget statement has attracted strong criticism from the opposition. New Democracy’s main rival SYRIZA has responded by outlining an alternative package to co...
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Deposit flow records back-to-back drop of 591 mln in Nov amid grip of cost-of-living crisis
EconomyMacroeconomyThe net private sector deposit movement in the Greek banking system in November stayed negative with a drop of 591 million euros, after another drop of 550 million euros in October, based on Bank of Greece (BoG) figures released on Thursday. After six m...
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Monthly rise of 3 pct for producer price index in Aug prompts cost concerns
EconomyMacroeconomyGreece’s Producer Price Index (PPI) contracted for the sixth successive month in August, dropping by 8.3 percent year-on-year (YoY), after falling by 8.6 percent in July, ELSTAT data showed on Friday. The index was in negative territory for most of 2020...
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Despite months of input cost declines, rise in agriculture prices doubles to 3.8 pct in Nov
EconomyMacroeconomyThe output price index in agriculture picked up pace in November with a rise of 3.8 percent year-on-year (YoY), doubling from the 1.9 percent in the previous month, ELSTAT data showed on Monday. This underlines the challenge households are facing with r...
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CPI at 2.7 pct in Jan as rent rise of 9.2 pct highlights housing cost difficulties
EconomyMacroeconomyThe growth in Greece’s Consumer Price Index (CPI) continued the moderate upward trend in January with a rise of 2.7 percent year-on-year (YoY), from 2.6 percent in the previous month, according to the data released on Friday by the Hellenic Statistical ...
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PMI remains in expansion at 53.1 in June, though firms see export and cost challenges
EconomyMacroeconomyGreece’s Manufacturing PMI was again virtually unchanged in June at 53.1 points, from 53.2 in the previous month, according to S&P Global data released on Tuesday. The manufacturing sector continued to expand in June mostly thanks to domestic business, ...
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Consumer and retail confidence deteriorate further in Aug due to cost of living
EconomyMacroeconomyThe rebound in Greece’s economic sentiment (ESI) continued in August, when the index reached 110 points, from 109.1 in the previous month, according to European Commission figures released on Thursday. Over the rolling 12-month period, August’s ESI was ...
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Energy drives closer cooperation between Greece, Cyprus and Egypt
PoliticsForeign Policyprocess on the Syrian crisis, while also expressing “serious concerns over the situation in Libya.” The instability in Libya and the presence of jihadists there was highlight by the Egyptian president
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Ankara tension tops govt agenda, overshadowing social dividend and primary residences
PoliticsGreek Politicsthe spat with Turkey over its signing of an agreement with Libya regarding the delimitation... is in control of all of Libya, and Prime Minister Kyriakos Mitsotakis reportedly told Turkish President
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Newsletter 231 -06/12/2019
reaching an agreement with Libya last week to delineate maritime borders in the Mediterranean. Athens has labelled the deal “illegal,” arguing that Libya’s prime minister does not have the legal
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