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Strong primary surplus of over 8 bln at close of 2025 as spending is contained
EconomyMacroeconomyThe budget primary balance was confirmed at a surplus of 8.09 billion euros for 2025, compared to a surplus of 8.7 billion euros a year earlier, according to the final Finance Ministry (MoF) budget execution data released on Monday. Expenditure, excludi...
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Despite strong close in Dec, industrial turnover up by just 0.3 pct YoY in 2025
EconomyMacroeconomyGreece’s industrial turnover recorded a significant rise of 5.6 percent year-on-year (YoY) in December, from unchanged in November, according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday. The previous two months were revised...
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Strong travel receipts in Jan, balance up 157.6 pct YoY
EconomyMacroeconomyGreece's travel balance recorded a surplus of 234 million euros in January, compared to 313.2 million euros in December, according to data released by the Bank of Greece (BoG) on Tuesday. The January balance was 157.6 percent higher than the 90.8 millio...
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Strong rise in food sales pushes 7 pct YoY increase in Jan retail
EconomyMacroeconomyThe growth of Greece’s retail sales jumped by 7 percent year-on-year (YoY) in January, after a rise of 6.4 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday. The corresponding volume index also rose by 4.5 per...
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A third of young Greeks would consider emigrating to escape economic problems
Societysituation. The report, which mainly focused on issues related to consumers’ ability to pay for goods, found... the means to pay them. Over three in four Greeks (78 percent) were late paying least one bill late... late, an answer given by 79 percent of those having paid late, was the inability to pay,” the report
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Revenues spring surprise by beating Sep target, providing 1.4 bln cushion for Q4
EconomyMacroeconomybe attributed to increased ENFIA revenues since a number of taxpayers preferred to pay their tax obligation... will pay (to the bank) their obligation in 9-12 monthly instalments. Moreover, taxpayers with low ENFIA charges may have also preferred to pay the whole amount upfront and not in instalments. It should
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Tsipras reaches settlement with church, aiming to subdue critics
PoliticsGreek Politicsto pay the wages of priests as a form of compensation for the property deal the two sides accept... will cease to pay their wages the state agrees to pay directly to the church the amount it currently... would find itself having to pay a huge compensation bill after losing a legal battle with the church
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The Parable of the Populists and the Contemplatives
Agoraof new debt that they have taken on board to pay for this machine. The net worth, or wealth... to depleting the resources of the country, debts are being accumulated to pay for additional (over-)spending... had to pay adequately. The toxins have been leaking into the drinking water and evaporating
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Opposition lines up attack on government over wildfires with visits to affected areas
PoliticsGreek Politicson the fires. Hazard pay controversy The latest fires have also reignited the debate over pay... to an amendment passed in July, awarding hazard pay to parliamentary staff. Seasonal firefighters described... that they would have to wait their turn for danger pay behind those faced with working in air conditioned
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Court orders 2012 pension cuts to be reversed, costing up to 1.5 bln
Economydecision retroactively. This means the coalition will have to restore pensions but not pay out the amount... not have any impact on these bonuses. The government is not in a position to pay out this amount (up... with pensioners' unions regarding an acceptable way for retirement pay to be gradually raised
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