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Significant underspend and strong tax revenues push primary surplus to April above 5 bln
EconomyMacroeconomybalance up to April showed a surplus of 1.87 billion euros, from a 250 million euros deficit up... outperformance of 1.82 billion euros up to March. Taxes beat the target by 1.46 billion euros. The full
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ND courts voters with hardline migration bill as pressure grows over farming subsidy scandal
PoliticsGreek Politicswith the new EU policy on migration. Mitsotakis said he had issued instructions to speed up returns... security for up to 15 years and impose prison sentences of two to three years for entering the country... applications have been rejected. The minister has previously stated that he believes up to 97 percent
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Revenues continue beating targets in May, tight rein on spending remains
EconomyMacroeconomyThe budget primary balance ran a surplus of 5.35 billion euros up tp May, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Monday. The primary balance came... balance up to May showed a surplus of 1.88 billion euros, from a 535 million euros deficit up to May
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Waiters and chefs lead May hiring balance to highest on record
EconomyMacroeconomy-on-year, while voluntary exits were up by 1,490. Hirings were up by 8,787 jobs compared to May last... percent. Part-time and shift work made up 32 percent and 8.5 percent of hirings, respectively
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New Democracy suffers ratings blow as farming payments scandal unfolds
PoliticsGreek Politicsgained 2 points to reach 5.6 pct, and MeRA25 is polling at 4.9 pct, up from 3.7 pct. Overall... believe Mitsotakis is capable of fighting corruption, versus 77 pct who don’t think he is up... Tsipras and Antonis Samaras could attract up to 18 pct and 7 pct respectively. Perceptions of Corruption
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New Democracy seeks to counter with marine parks and migration policy, rhetoric
PoliticsGreek Politicsin the comments made by government spokesman Pavlos Marinakis on Monday. Marinakis picked up...-appointed Migration Minister Thanos Plevris. Since taking up his position a few weeks ago, Plevris... Haftar, of enabling illegal crossings. While the spike in the number of the arrivals in question, up
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Travel receipts maintain momentum in May with 17.7 pct YoY rise
EconomyMacroeconomy2.25 billion euros, compared to 1.91 billion euros in 2024, up 17.7 percent year-on-year (YoY... to 800 million euros. Average expenditure per trip was up by 21.1 percent to 716.2 euros from 591.5... billion euros. Payments also increased to 1.35 billion, up 22.4 percent, bringing the travel
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Mitsotakis shrugs off scandals to hit back at foreign policy critics
PoliticsGreek Politicswas the Thessaloniki International Fair in the autumn. The government has been building up expectations... for compromising the safety of the railways in the run-up to the accident. Asked whether Karamanlis would... for distributing EU farming subsidies. The PM stressed the government’s efforts to clean up the payments
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Economic sentiment improves in July, consumer confidence continues to slide
EconomyMacroeconomythe rolling 12-month period, July’s ESI is up by 3 points from August 2024. The average ESI in the EU stood... in the previous month. Consumer confidence is up by just 0.5 points on a 12-month rolling basis.... Since August 2024, industry confidence is up by over 12 points. The services index was marginally
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Government adamant snap polls are not under consideration
PoliticsGreek Politicsin such interventions is being lined up for the Thessaloniki International Fair next month... from a small percentage of net state revenues. Individuals can donate up to 20,000 euros per year to a party, and up to 5,000 per year to a candidate. In 2020, Greek political parties received
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