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Retail turnover in July up by 4 pct as volume rises 2.5 pct
EconomyMacroeconomyindex has remained positive for five straight months so far. Apart from the negative reading in February, the index has remained positive throughout this year. The corresponding volume index also grew..., February has been the only month this year that the volume index fell into negative territory. Compared
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Equivocal Macedonia name referendum leaves Athens hanging on as views differ
PoliticsGreek Politics) on the agreement with Greece to rename the Balkan country North Macedonia has triggered doubts regarding... Minister Panos Kammenos, has said he and his Independent Greeks (ANEL) party will not support... settlement in the months to come or whether the process has hit a brick wall as a result of the turnout
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Amid market turbulence, Greece searches for scheme to help banks reduce bad loans
EconomyBankingdeleveraging throughout the crisis has hampered their core business and subsequently their profitability... of Cyprus to Piraeus in 2013. The deleveraging has taken the stock of loans in Greece to just over... are not available yet, this type of solution has been used by other countries that have faced banking
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Unemployment at 19 pct in July as inactive population increases
EconomyMacroeconomythat unemployment has remained under 20 percent. During the month, employment fell by 32,616 people... that the figure has exceeded 3.8 million since February 2012. The numbers of those unemployed also...) from last year to 23.7 percent. This figure has been in decline since the high of 31.6 percent
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Retail turnover increases by 4.3 pct in August, volume rises 3.2 pct
EconomyMacroeconomyhas remained positive for six straight months so far. Apart from the negative reading in February, the index has remained positive throughout this year. The corresponding volume index also grew by 3.2 percent from downward revised growth of 2.3 percent in July. As with the sales index, February has
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APS option to help banks with bad loans seen gaining ground
EconomyBankingimmense pressure over the last month, during which time the index has dropped by close to 12 percent..., which has seen its share price plummet by 65 percent over the last six months. Over the same period, Alpha Banks has lost 42 percent of value, National Bank of Greece share price is down by 55 percent
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Appeals over past pension cuts sow confusion about potential fiscal impact of backpay
Economybackpay for income lost due to the pension cuts in 2012 has put the spotlight back on a decision... in 2012 as unconstitutional. This, in turn, has placed the focus on the potential fiscal implications of this decision for the pension system. The issue has surfaced at an unwelcome moment
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With eye on elections, Tsipras talks up public sector hirings
PoliticsGreek Politics) of civil servants. The government has indicated that the majority of hirings will be in the education... for these programmes has been secured via the EU-finance National Strategic Reference Framework, or ESPA as it is known in Greece. It is clear that Tsipras has decided to opt for the tried and tested method
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Eyeing domestic gains, Tsipras pursues closer ties with Europe's social democrats
PoliticsGreek Politicsparties by SYRIZA has three main goals. The first is to improve Tsipras’s international standing, which... landscape that will ensure that it has some more potent relationships than it did when it came to power... is prepared to work with if the vote does not produce a clear winner. She has dodged the question until
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Greek tourism building strength but needs to diversify, PWC study finds
EconomyFeaturesPWC Greece has released an overview of the Greek tourism industry which analyses the industry’s... that demand for Greek tourism has grown steadily since 2012, but remains concentrated across the summer... spend has remained constant, which could be attributed to stays in Airbnb properties since spending
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