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Newsletter 449 - 31/01/2025
was stable at 9.4 pct, closing the year with an improvement of 1 percentage point, leading... the rolling 12-month period, sentiment is up by almost 4 points. Consumer confidence also improved by roughly one point to -43.4 points, also up by circa 4 points since February last year. Retail
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Piraeus Bank profit at 284 mln in Q1, commissions income up to 160 mln
EconomyBankingmillion euros, from a 4 million euros loss in the previous year. Total operating expenses stood..., from 4 million euros in 2023. Balance sheet Customer deposits were 61.44 billion euros in Q1 2025... euros a year ago. Eurosystem funding was fully repaid, with the last 1 billion euros payment
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Electricity drags industrial production down by 0.5 pct YoY in July
EconomyMacroeconomy-on-year (YoY) drop, after a rise of 1 percent in the previous month, according to Hellenic... offset by a 2 percent drop in water supply and 4 percent in electricity. The manufacturing index... by drops of 1.1 percent in electricity, 0.8 percent in water supply and 4 percent in mining, while
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Fitch rating upgrade concludes another successful year for GGBs
Economysovereigns. Under Fitch’s baseline, debt could approach 120 pct of GDP by 2030, supported by steady 4... fiscally. Fitch expects a general government surplus of nearly 1 pct of GDP in 2025, following 1.3 pct... between borrowing costs, around 1.5 pct and nominal growth of 4 pct. Fitch notes that the economy
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Newsletter 485 - 21/11/2025
in at almost half of the 4% initially forecast. Concerns also arise from the significant acceleration... the government’s initial estimate by €1 billion. However, this also weighs heavily on household budgets... of oil has moderated with the deficit short of 4 billion euros, from 5.72 billion in 2024
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Newsletter 497 - 06/03/2026
. But the drone strike on a British base in Cyprus on March 1 shattered the sense of regional... Commission on March 4 expanded its agenda to include the broader geopolitical implications... markets have reacted sharply. The Athens Stock Exchange fell nearly 4% on the first day of the conflict
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Newsletter 501 - 03/04/2026
‑risk insurance premiums from $250,000 to over $1 million per voyage. Economic pressure Greece’s... of global supply - since 4 March continues to strain the European grid. Greek gas storage levels have... percentage points to roughly 4 pct. Paradoxically, high inflation is expected to accelerate
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How Iran war is reshaping Greece’s economy
EconomyFeaturesto over $1 million per voyage. Economic pressure Greece’s energy profile remains highly sensitive.... The suspension of Qatari LNG shipments - representing 20 pct of global supply - since 4 March continues... inflation for the year is projected to rise by 1.0–1.5 percentage points to roughly 4 pct
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New Year reshuffle brings more MPs into cabinet, keeps key ministers in post
PoliticsGreek Politicsthe deputy agriculture minister. Interior Minister Takis Thedorikakos has also been left out of the new... Petsas has been appointed Alternate Interior Minister, to be replaced by Christos Tarantilis... to the right” and “a party-political balancing act”. The elevation to the Interior Ministry of Makis Voridis
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University bill threatens PASOK consensus as probes launched into alleged infractions by politicians
PoliticsGreek Politicsinvestigation in the Interior Ministry, which is the suspected source of the data leak, while on Tuesday.... The Interior Ministry has denied that it provides voters’ contact information, while the chief...’s EP elections, but also because the suspicions of a data leak emerged within days of the Interior
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