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PMI improves in May as manufacturers struggle with effects of Iran war
EconomyMacroeconomyyear and remained above the long-run average, driven by faster increases in production and new orders... for the nineteenth straight month, growth was the slowest in nearly a year, making it difficult for firms... for stronger optimism. Although confidence remained below levels seen earlier in the year
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Fuels prompt sharp drop of 25.2% in April trade deficit
EconomyMacroeconomyGreece’s trade deficit fell sharply in April with a 25.2 percent year-on-year (YoY) drop, after an equally sharp fall of 30.5 percent in March, according to data released by ELSTAT on Monday... percent YoY. Exports totalled 5.2 billion euros, rising sharply by 35.7 percent. In April last year
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Electricity main driver for industrial production rise of 2.1% YoY in April
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) decelerated in April with a rise of 2.1 percent year-on-year (YoY), from 8.2 percent in the previous month, according to Hellenic Statistical Authority... data showed. Growth in May accelerated to one of the strongest rates of the past year and remained
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Government scrambles to ease household pressure as PM targets PASOK and ELAS for “freebie politics”
PoliticsGreek Politicsinsecurity. Nearly half of respondents say their financial situation has worsened over the past year... situation with a year ago, 47% of respondents said it had deteriorated, 45% said it remained unchanged... they will travel this summer, down from 49% last year. The majority cite cost as the main barrier
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Energy continues to lead industrial turnover growth of 23% YoY in April
EconomyMacroeconomyGreece’s industrial turnover recorded another sharp rise of 23 percent year-on-year (YoY) in April, from a jump of 27.1 percent in March, according to data released by the Hellenic Statistical... to one of the strongest rates of the past year and remained above the long-run average, driven
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Greece faces prolonged price pressures despite US–Iran deal
EconomyMacroeconomyup 11.5% year‑on‑year (YoY). ELSTAT’s import‑price index captures the effects of fuels on domestic... on this year’s economic activity and growth may be difficult to reverse.
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Building activity maintains strong first quarter with 22.3% YoY rise in March
EconomyMacroeconomyBuilding activity jumped in March, with a rise of 22.3 percent year-on-year, after an increase of 5.4 percent in the previous month, according to the data released by the Hellenic Statistical Agency... unconstitutional on environmental grounds. May 2025 was the first positive reading of last year
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Corporations at forefront of 5.53 bln deposit inflow in May
EconomyMacroeconomyon Monday. The annual growth in May was 7.8 percent year on year (YoY), from 5.8 percent... euros. Despite the mixed picture, deposits have been above the 200-billion-euro mark for over a year
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Kammenos calls for lynching of mayor but ends up boxing himself into a corner
PoliticsGreek Politics. The damage, however, may have already been done. Kammenos formed Independent Greeks early last year after... leadership and the party’s limited agenda caused some departures late last year. The former ND man’s
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Golden Dawn fallout forces Samaras into balancing act between country and party
PoliticsGreek PoliticsPrime Minister Antonis Samaras was probably expecting the latest troika review of Greece’s adjustment program to be his biggest worry at this time of year. Instead, the murder of an anti-fascist... of the vote in last year’s elections but has been polling at 10 to 14 percent over the last few months
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