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Ring of Fire
Agoradestructionists bearing chunks of marble and Molotov cocktails on one side and the monolithic police armed
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House of cards (The rise and fall of Akis Tsochatzopoulos)
AgoraIt was the house that did for him. Former Defense Minister Akis Tsochatzopoulos succumbed to the base desire of enshrining his wealth and potency in real estate. Hubris, however, blinded him to the dangers of choosing a property within a marble fragment’s throw of the Parthenon. On some days
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Current account surplus at 1.21 bln in September on services balance growth
EconomyMacroeconomyCoöperatief U.A. by Pavlidis S.A. Marble-Granite, and the sale of a 100 percent stake in TRAINOSE
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Greece, Private sector deposits without the H1 2015 effect
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Budget primary surplus at 918 mln in May, expenditures rise as 13th pension payment takes effect
EconomyMacroeconomyThe budget primary balance recorded a surplus of 918 million euros in the first five months of 2019, compared to a surplus of 853 million noted in May 2018, the Finance Ministry (MoF) preliminary budget execution bulletin showed on Tuesday. The primary ...
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Trade deficit rises by 70.7 pct in April, mainly due to base effect
EconomyMacroeconomyGreece’s trade deficit rose by 70.7 percent year-on-year (YoY) in April compared to an increase of 26.6 percent in March, data from the Hellenic Statistical Authority (ELSTAT) released on Monday showed. The deficit came to 1.84 billion euros for the mon...
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Phone-tapping scandal causing ripple effect across political scene
PoliticsGreek PoliticsGovernment officials are targeting the Thessaloniki International Fair (TIF) in early September, when Prime Minister Kyriakos Mitsotakis will announce more cost-of-living relief measures, as an escape from the mounting pressure caused by the spying scan...
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As base effect wears off, producer prices fall by just 0.1 pct in Mar
EconomyMacroeconomyGreece’s Producer Price Index (PPI) recorded only a marginal contraction in March, dropping by 0.1 percent year-on-year (YoY), after falling by 4.3 percent in February, ELSTAT data showed on Tuesday. The index had been growing over a two-year period sin...
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Revision of GDP to have varied knock-on effect
EconomyMacroeconomyThe Hellenic Statistical Authority (ELSTAT) released this week the second estimate for 2023 GDP, along with some benchmark revisions of the base year to 2020 and the years prior, starting at 1995. ELSTAT revised up the growth outcome for last year, from...
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HFSF executive board members resign
EconomyBankingwere triggered after a non-positive recommendation from the selection panel that conducted the assessment of HFSF's executive board for the first time. The panel was formed in January 2016... with the proposal of their remuneration. The selection panel consists of six members, of which two
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