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Industrial turnover returns to growth in Jan with 3.2 pct YoY rise, falls sharply MoM
EconomyMacroeconomyby 5 percent, from 4.1 percent in the previous month. Manufacturing revenue was up by 3.2 percent, with the mining and quarrying up by 10.7 percent. Manufacturing turnover decreases were recorded... in February picked up pace for the first month running and was the strongest for two years. Meanwhile
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Waning support in opinion polls generates concern for government
PoliticsGreek Politicsprojected support at 34.4 pct, up slightly from 33.9 pct. SYRIZA has enjoyed a significant rise from last month, moving up to 13.4 pct from 11.9 pct. PASOK’s support has edged down from 13.9 pct to 12.5 pct... as possible. Should PASOK end up behind SYRIZA, even when the leftists have been through so much
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Producer prices continue to slide, down by 4.3 pct YoY in Feb
EconomyMacroeconomyand manufactured food products increased by 1 percent. Goods sold to the foreign market were up by 2.1... up by 0.3 percent, durables up by 4 percent and non-durable consumer goods increased by 5.6 percent.
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Travel balance rises in Feb as arrivals jump by 20.7 pct in first two months
EconomyMacroeconomy, compared to 238.5 million euros in 2023, up 22.2 percent year-on-year. Travel payments rose by 42.3 percent to 174.1 million euros. The number of arrivals in February reached 721,300, up 26 percent in 2023.... Payments also increased to 339.8 million, up 18.5 percent, bringing the travel balance to 229.9 million
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PM aims to mend ties with church and stem loss of right-wing voters
PoliticsGreek Politics, Archbishop Ieronymos, later this week as New Democracy steps up its efforts to repair its relationship... Orthodox Easter coming up, there is also reportedly concern among government officials that New... of MEP candidates. The move was designed to shore up the right-wing, nationalist vote. However
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March hirings balance hits new high, boosted by seasonal jobs in catering and accommodation
EconomyMacroeconomy, with the remaining classed as layoffs and termination of contracts. Layoffs are up by 6,898 year-on-year, while voluntary exits were down by 6,308. Hirings were up by 2,367 jobs compared to March last year.... Part-time and shift work made up 36 percent and 11 percent of hirings, respectively. In March
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Credit expansion grows by 4.5 pct in Mar, driven by corporations
EconomyMacroeconomyThe credit expansion in the Greek private sector picked up even more pace further in March, rising by 4.5 percent year-on-year (YoY), up from 3.8 percent in February, Bank of Greece (BoG) figures... pushed up to 117.4 billion euros. The corporate lending balance’s net monthly flow was positive
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Foreign policy tops political agenda as relations with Greece's neighbours come under scrutiny
PoliticsGreek Politics, the build-up to the talks were overshadowed by events in North Macedonia and the visit of Albanian Prime... incident justified the doubts the conservatives had about the robustness of the pact, drawn up.... Undoubtedly, with the European Parliament elections coming up, the Greek PM will want to nip in the bud
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Inflation and property data cloud economic picture
EconomyMacroeconomy. It is even more troubling for the Greek authorities that many basic goods are up by double-digits YoY... by property prices and the monetary policy pushed up the rates on mortgages and the burden of loan servicing... and are automatically excluded from access to mortgages. Another 1.3 million taxpayers declare up
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Watchdog's ruling in voter email leak prompts opposition calls for minister to resign
PoliticsGreek PoliticsThe scandal regarding the leaking of official lists of voters’ emails, which subsequently ended up... and abroad signed up to vote by post, suggesting that the email scandal was not a significant deterrent... torpedoed attempts by New Democracy and Kerameus to cover up the scandal. It accused the government
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