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Economic sentiment improves by almost 2 pts in Apr, consumer confidence dips
EconomyMacroeconomyIndicator (EEI) jumped by 2.7 points month-on-month to 124.6 points. The EEI is up by 16.6 points... in April at 25 points. up more than 24 points from May last year. Construction confidence stayed.... Now the index is up by almost 30 points on a rolling 12-month basis.
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Mitsotakis pledges more benefits in bid to tap SYRIZA strongholds
PoliticsGreek Politicseuros, up from the current 50 euros, while those with two children will get 120 instead of 70 euros... push up the average monthly wage in Greece to 1,500 by the end of New Democracy’s second term... to drum up business for insurance companies. In the eyes of ND’s rival, it is simply another effort
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Alpha Bank's normalised profit at 162 mln in Q1, NII jumps by 51 pct to 424 mln
EconomyBankingto this transaction. Core pre-provision income (PPI) in Q1 was 288 million euros, from 159 million in 2022, up by 81 percent. Asset quality Following a very busy 2021 in terms of the balance sheet clean-up, the NPE... with cash was 40 percent, down from 48 percent in Q1 2022. P&L NII was 424 million euros in Q1, up by 51
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Growth in car sales slows to 1.1 pct in April
EconomyMacroeconomy. The remainder was made up of lorries (2,071) down by 8.7 percent and buses (65) down 43.5 percent... respectively. In the first four months of 2023, road motor cars are up by 16.4 percent annually. Passenger cars are up by 18.3 percent, lorries increased by 4.7 percent and buses down by 2.9 percent.
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Podcast - Greek elections: A marathon, not a sprint
Agoraend up being a rather complicated process. The Agora returns to look at the key issues going.../ Greek PM says country has changed, seeks new mandate to speed up growth - https://www.reuters.com/world/europe/greek-pm-says-country-has-changed-seeks-new-mandate-speed-up-growth-2023-05-16/ Once Europe
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Resounding win for Mitsotakis, who has majority comfortably in reach
PoliticsGreek Politicsset to up its share of the vote compared to 2019 by about 2 points, rising to 7.2 pct. The fifth party... Minister Kyriakos Mitsotakis is expected to snub any discussion of teaming up with PASOK to form... majority in second elections, where the winning party will be awarded a bonus of up to 50 seats
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Fresh elections on the cards as SYRIZA reluctantly confronts full scale of defeat
PoliticsGreek Politics” touted by the left-wing opposition in the run-up to the elections conclusively out of reach. Nikos... percent. He is also expected to decline, speeding up the process for setting the next election date.... In addition to the 10.8 percent of voters lost to ND, SYRIZA gave up 9.9 percent to PASOK, 5
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Formalities proceed, paving way for June 25 vote and tough questions for opposition
PoliticsGreek Politicselections, following Sunday’s decisive result, the government has sought to speed up the process... that he will remain in his position, at least for the time being, and lead the effort to build up... Research sees ND’s support rising to 41.3 pct, up by half a point on its May 21 score, and SYRIZA falling
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VAT and income taxes drive revenue and budget outperformance in April
EconomyMacroeconomyup to April showed a deficit of 789 million euros, from a 3.32-billion-euro deficit in 2022... million euros, while transfers were up by 811 million euros. VAT revenues amounted to 7.57 billion... euros spent up to April, which is 531 million euros below target.
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Mitsotakis not taking majority for granted despite encouraging poll numbers
PoliticsGreek PoliticsKyriakos Mitsotakis is keeping up the pressure on Greek voters to give him a handsome majority... a comfortable majority, despite the entrance of two new parties into Parliament, which will push up... for Mitsotakis to be in danger of not having more than 150 MPs. In their bid to drive up flagging support
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