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Subdued start for building activity as permits record back-to-back drop in May
EconomyMacroeconomyThe decline in building permits slowed in May, falling by just 0.4 percent year-on-year (YoY), after a 10 percent decline in April, according to the latest data released by the Hellenic Statistical... from September last year.
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PM brushes aside spying scandal, lowers expectations for handouts
PoliticsGreek Politicsby the end of the year and Finance Ministry officials still have to factor in what expenditure will be needed next year if the energy crisis rolls on into 2023, as is expected. They will have to balance... national elections in May next year. The New Democracy leader has made it clear that he does not expect
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Poverty rate rises in 2021; even after social transfers 1 in 4 children are at risk
Societypct. Before transfers, the age bracket of 0-17 years in 2021 is unchanged from the previous year..., from 32.7 pct in the previous year. Youth stood at 32.2 pct, 18-64 age group at 30.5 pct and 23.5... pct in 2021, from 5.2 pct in the previous year. The Gini coefficient also increased to 32.4 pct
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Tsipras hits back with own economic pledges, choice for voters to ponder
PoliticsGreek Politicspolitical equation to consider ahead of next year’s general elections. A few days after the New... in basic salaries is scheduled for next year, when it is expected to increase to more than 750 euros... going into next year’s elections. However, unlike Mitsotakis, Tsipras suggested that the first vote
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Building permits turn positive in June, but rise for H1 settles at just 1.3 pct YoY
EconomyMacroeconomyThere was a reversal of the recent decline in building permits in June as the number of licences issued rose by 3 percent year-on-year (YoY), after falling by 0.4 percent in May, according... by 2.9 points to -31.9. Construction is now 41.8 points down from September last year.
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Draft 2023 budget sees growth cooling to 2.1 pct, primary surplus at 0.7 pct
EconomyMacroeconomydown from the 5.3 pct expected this year and the 8.3 pct of 2021, following the recovery from..., mostly led by VAT. Income taxes will also outperform this year, up by 1.2 billion euros, thanks..., to 169.1 pct in 2022 and 161.6 pct in 2023. Bonds are seen rising by over 3 billion euros next year
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Migration back on main political agenda
PoliticsGreek Politicsin 2015. This was in reference to the huge influx of, mostly Syrian, asylum seekers that year, when SYRIZA... year and the far-right collectively polling as much as 10 pct, Prime Minister Kyriakos Mitsotakis... base ahead of next year’s elections, it also fears that this rhetoric also helps to prepare
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Turkey's new Libya MoU prompts swift reaction from Athens, which mulls further moves
PoliticsForeign Policyyear. Athens has been aware for some time now that the next few months will be challenging... Libya’s failure to hold nationwide elections in December last year. He called for the UN to take..., in The Hague. This step has been carefully planned and assessed for the last two year by experts
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Building permits down by 2.3 pct in Jul as YTD activity growth nearly flat
EconomyMacroeconomyBuilding permits growth in July returned to negative territory, dropping by 2.3 percent year-on-year (YoY), after a 3 percent increase in June), according to the latest data released by the Hellenic... by 2.5 points to -29.4. Construction is now 31 points down from October last year and off
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Scandals chip away at ND's lead as SYRIZA tries to cut through on surveillance issue
PoliticsGreek Politics, this is the left-wing party’s highest score for more than a year, although the increase in support has been very... into next year’s electoral battle. SYRIZA leader Alexis Tsipras issued a statement on Friday slamming... the surveillance issue more into a broader political matter, and one linked to next year’s elections
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