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PASOK takes aim at ND with barrage of economic initiatives as PM focusses on party unity
PoliticsGreek Politicsto the abandonment of the countryside. In his question he promises to put forward his own proposals for regenerating the country’s agricultural regions. PASOK continues to have strong support outside... cases, the government was forced to put forward its own proposals after the issues were highlighted
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PM abandons reticence over Tempe, portrays himself as defender of institutions
PoliticsGreek Politicsthat this would be definitive proof that the authorities have not been hiding anything and would put an end... been a marked change in tack since last week, marked by strong attacks from New Democracy officials... hour”, Mitsotakis might encounter a reluctance among his lawmakers to put themselves in a position
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Newsletter 454 - 07/03/2025
protests of last Friday, has put more pressure on the government. There is no sign that this pressure... the next few years. The European Commission has put forward an 800-billion-euro package, the details... years, allowing it to weather any market turbulence. Fiscally, the budget has started 2025 on a strong
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Mitsotakis tries to stem subsidy scandal damage as opposition smells blood
PoliticsGreek Politics, has put immense pressure on the Mitsotakis administration. At Monday’s cabinet meeting, the PM..., though, the OPEKEPE issue has put the next elections front and centre. This is not only because... in 2019 and 2023. In fact, in the last two elections, farmers have been particularly strong backers
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Strong tourism season confirmed by Q2 accommodation turnover
EconomyMacroeconomyThe Turnover Index in Accommodation and Food Services rose by 6.7 percent in the second quarter (Q2) after a 44.9 percent increase recorded in Q1, according to Hellenic Statistical Authority (ELSTAT). Q2 figure is the third highest reading since 2006 (w...
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Greek trade deficit shrinks by 4.4 pct in October on back of strong exports
EconomyMacroeconomyAfter a sharp rise by 34.2 percent in September, Greece’s trade deficit narrowed by 4.4 percent in October, according to the Hellenic Statistical Authority (ELSTAT). The absolute figures show that the October trade deficit stood at 1.77 billion after re...
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Strong rebound of 7.7 pct in week for Greek stocks with jump in trading activity
EconomyGreek shares rebounded 7.7 percent this week for the first time in the last four weeks amid a jump in trading activity triggered by the introduction of new NBG shares last Monday and indices rebalancing. The Eurogroup Working Group (EWG) tentatively app...
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IMF sees contraction of 0.6 pct this year before strong rebound in 2017
EconomyThe International Monetary Fund has provided its latest macro forecasts for Greece in the World Economic Outlook (WEO) published on Tuesday. The fund expects Greece to return to growth in 2017 after contracting further this year. In particular, GDP is s...
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Despite strong rebound on Friday, Greek stocks dive 5.2 pct during week
EconomyDespite a rebound of 5.4 percent on Friday, the Greek stock market fell 5.2 percent this week amid the negative sentiment that prevailed in the global markets until Thursday largely fuelled by Brexit concerns. The European Stability Mechanism (ESM) boar...
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Wages index sees strong rebound of 4.6 pct in Q2
EconomyMacroeconomyThe seasonally adjusted (SA) Wages Index increased for the third straight quarter at a notably accelerating pace of 4.6 percent in the second quarter (Q2) of 2016 following a rise by 0.7 percent in Q1, Hellenic Statistical Authority (ELSTAT) figures dis...
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