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Government defends economic recovery narrative as first poll after summer break lands
PoliticsGreek Politicsfive years, there is a lot of ground to be made up. He also argued that Greek incomes are catching up with others, but in a more healthy fiscal environment than in previous years. He went... in terms of per capita consumption, not at the bottom of the table. The Finance Ministry followed up
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Retail sales rise by 7.4 pct YoY in June, led by fuels
EconomyMacroeconomywas up by 10.2 percent, non-food increased by 6.8 percent and food sales grew by 7.2 percent. Retail... were also up by 9.3 percent. Food and beverages decreased by 2.3 percent and clothing and footwear..., with fuels up by 9.4 percent, a 6.3 percent rise in foods and non-food up by 5.2 percent. According
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Kasselakis lays out plans for SYRIZA rebrand amid rumours of leadership challenge
PoliticsGreek Politicsproposals for the overhaul of the party, including a possible name change, even as his critics line up for a fresh confrontation. The SYRIZA leader offered up more details of his plan to reform the party... shake-up of the party organs in the aftermath of SYRIZA’s disappointing performance in June’s EP
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Mitsotakis unveils latest housing measures as ND rebels query foreclosure regime
PoliticsGreek Politicsrequirements, allowing applicants up to the age of 50 to apply for mortgages subsidised by RRF funds... of the property value, topped up by a low-interest bank loan. The second measure announced by Mitsotakis is an energy upgrade scheme consisting of interest-free loans of up to 25,000 euros for energy
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Diffuse support fuels speculation about change to electoral law
PoliticsGreek Politicsthat Greece can be governed by a government made up for more than one party. He concluded... bonus system that leads to the winning party gaining up to 50 bonus seats based on its share of the vote... survey aired by Mega TV on Thursday indicated that although support for New Democracy has edged up
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Industry boosts economic sentiment, consumer confidence at lowest in almost 2 yrs
EconomyMacroeconomyin the previous month. The EEI is up roughly 2 points in the rolling 12-month period. Industry confidence... year, industry confidence is now up by circa 13 points. The services index had a minor recovery to 41.1 points, from 39.6 points in the previous month. Services confidence is now up by roughly 9 points
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PASOK leadership ballot draws attention away from PM's deepening rift with predecessors
PoliticsGreek Politicsin allowing their dispute to flare up. One thing that New Democracy officials insist... for the same voters in the centre ground. PASOK leadership Androulakis and Doukas are stepping up... PASOK supporters, but more centrist voters who signed up as members in the build-up to the ballot
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GDP growth slows to 0.3 pct QoQ, investments underwhelm
EconomyMacroeconomyby 2.1 percent and services were up by 3.9 percent. Compared to Q3 2023, all components recovered... increased by 3.3 percent year-on-year, while imports were up by 4.2 percent. Goods exports increased by 1.2 percent YoY, while services were up by 5.1 percent. Goods imports were also up by 2.3 percent
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Trade deficit rises by 11.5 pct YoY in Oct, 10M deficit at 28.32 bln
EconomyMacroeconomyproducts and ships, the aggregate deficit was up by 7.7 percent, at 22.84 billion euros. Imports from EU countries were up by 3 percent to 35.64 billion euros, while imports from non-EU markets were also up by 0.5 percent at 34.55 billion euros. Exports to EU countries decreased 7.1 percent to 23.06
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Bank tax proposal spearheads PASOK attack on government's economic policy
Economyit up from the debt crisis legacies. During the first half of the debt crisis, the Greek state pumped 40 billion euros into restructuring the banking sector, cleaning up banks to merge with the existing... - deferred tax credits - that would be amortised against profits with a rate of 29 pct up to 2040
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