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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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Mitsotakis hints at post-election policy tweaks to address economic concerns
PoliticsGreek PoliticsWith the cost of living and the economy dominating much of the public debate in the run-up to next...” will be cuts to employee contributions. The government is believed to be considering a reduction of up to 1... accusing SYRIZA of making irresponsible promises, drawing parallels to the period leading up
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PASOK, SYRIZA leaders show little appetite for touted alliance of progresives
PoliticsGreek PoliticsANT-1 TV that cooperation would have to be built “from the bottom up, and not through agreements... up his team. He has also made it clear that he does not intend to shift his policy rightward... not lose votes just, or even mostly, to the right. This was backed up by a new opinion poll
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Travel balance rises to 1.79 bln in in first four months as arrivals increase by 20 pct
EconomyMacroeconomymillion euros in 2023, up 15.9 percent year-on-year. Travel payments rose by 7.5 percent to 273.2 million euros. The number of arrivals in April reached 1.56 million, up 13.9 percent. Arrivals from... receipts increased by 22 percent to 1.79 billion euros. Payments also increased to 848.7 million, up 21.9
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Another strong rise for building activity in Mar takes Q1 to 42 pct YoY
EconomyMacroeconomyin Western Macedonia with 31. During the first quarter of 2024, permits were up by 42 percent YoY to 8,623. The corresponding surface area was up by 38.3 percent while volume was also higher by 25 percent... previously. The index is currently up by 23.5 points on a rolling 12-month basis.
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