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Monthly rise of 3 pct for producer price index in Aug prompts cost concerns
EconomyMacroeconomy. The index was in negative territory for most of 2020 and up to March 2021, when it grew annually... the rolling 12-month period is up by 3.1 percent. The products sold in the domestic market dropped 8.3..., intermediate goods increased by 0.1 percent, capital goods were up by 2.5 percent, durables up by 1.6 percent
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State braces for losses as bank divestment plan is put into action
EconomyBankingof state capital, which pushed up state participation to almost full ownership at 98.6 pct holding. As HFSF... billion euros. Eurobank ended up with the ownership of the healthy part of the Hellenic Post Bank, and took ownership of Proton Bank, which also had received 550 million euros to tidy up its balance
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Newsletter 396 - 06/10/2023
advance from 2019, when female candidates made up just 10.8 percent of the total. Out of them, only 18... backing is up to 6 pct. On the local front, apart from a clean sweep of the 13 regions, New Democracy... there are 332 mayorships up for grabs in total, these three are the only ones where ND has officially
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Newsletter 398 - 20/10/2023
more explicit policy statements from the new leader, while the runner-up in the leadership contest... its credit rating review. It places Greece one notch away from investment grade. S&P moved Greece up..., an upgrade is possible over the next 12 months if fiscal discipline is maintained up to 2026
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Government feels pinch from public's fears about high cost of living
PoliticsGreek Politicspushed the cost-of-living issue back up the political agenda and is putting greater pressure... that Greece’s HICP moved up by 3.9 pct in October after a 2.4 pct rise in the previous month. Skrekas’s... it faces as it could gradually erode support for New Democracy. This concern is backed up
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Vehicles market grows strongly by 38.9 pct, led by new passenger cars
EconomyMacroeconomyRoad motor vehicles going into circulation for the first time picked up further pace in October... at 17,121. The remainder was made up of lorries (2,434) up by 17.6 percent and buses (52) down by 18.8... months of 2023, road motor cars have risen by 14.5 percent annually. Passenger cars are up by 15.8
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SYRIZA reverberations continue as MPs debate Tempe rail crash inquiry
PoliticsGreek Politicsup a cash buffer of more than 30 billion euros during its time in office. SYRIZA has been... of the opposition party. Kasselakis is insistent, though, that SYRIZA needs a shake-up in order to rekindle voters’ interests. One of the initiatives that the SYRIZA leader has announced aimed at opening up
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Newsletter 402 - 17/11/2023
is insistent, though, that SYRIZA needs a shake-up in order to rekindle voters’ interests. One of the initiatives that the SYRIZA leader has announced aimed at opening up the party to new ideas and people... of the strongest rises with bread, meat and milk ranging from 3.7 to 8.3 pct YoY, with vegetables also up by 12.3
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What is driving the Greek housing market's recovery?
EconomyFeaturespoliticians are starting to talk about a housing crisis. Here in a follow-up from an earlier feature, we... drawn by the government’s Golden Visa scheme. In this case, the data now available seems to back up... in the Greek property market added up to just over 7 billion euros, around 2.8 billion of which can
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Parties at odds over private universities as ND faces nepotism accusations
PoliticsGreek PoliticsThe government’s controversial pledge to open up higher education provision to private institutions... to private schools. Mitsotakis argued that the bill dubbed the “Free University” reform will open up.... Mitsotakis claimed that keeping up to 40,000 students in the country for their studies would also
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