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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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Solid Oct for travel receipts takes 10M figure to new record of 20.94 bln
EconomyMacroeconomyto 1.82 billion euros in 2023, up 19.7 percent year-on-year. Travel payments rose by 29.2 percent to 234.8 million euros. The number of arrivals in October reached 3.41 million, up 8.6 percent. Arrivals... per trip was stable up by 10.7 percent to 573.1 euros from 517.8 euros in 2023. For the ten months
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Trade deficit jumps 18.7 pct YoY in Nov, 11M deficit at 31.51 bln
EconomyMacroeconomyproducts and ships, the aggregate deficit was up by 7.5 percent, at 25.18 billion euros. Imports from EU countries were up by 2.9 percent to 39.45 billion euros, while imports from non-EU markets were also up by 0.8 percent at 37.93 billion euros. Exports to EU countries decreased 6.6 percent to 25.33
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Health insurance costs and energy bills provide new avenue for opposition attacks
PoliticsGreek Politicsthe opposition has stirred up a debate about rising insurance costs. On Tuesday, PASOK tabled an amendment which... to go up by as much as 15 percent in the coming year. PASOK has called the rises, which affect over... snap drove up demand. PM Kyriakos Mitsotakis wrote to European Commission President Ursula von der
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Despite lower spend per trip, record arrivals push travel balance to 18.77 bln in 11M
EconomyMacroeconomy, compared to 426.9 million euros in 2023, up 44.7 percent year-on-year. Travel payments rose by just 0.5 percent to 198 million euros. The number of arrivals in November reached 1.28 million, up 23.6... per trip was up by almost 21 percent to 438.2 euros from 362.4 euros in 2023. For the eleven months
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Opposition parties bring Tempe issue back to Parliament after mass protests
PoliticsGreek PoliticsMitsotakis is prepared to stand up and be counted. Marinakis stuck to the government’s main line of defence... in a cover up. As a result, Mitsotakis can expect to face questions over the circumstances of the crash... up the pressure on the Mitsotakis administration, he accused the broadcaster of intentionally playing
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