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After local elections in Turkey, Athens hopes recent tension with Ankara will ease
PoliticsForeign Policyof Agathonisi, in the eastern Aegean. Athens has lodged a strong demarche and according to diplomatic sources, the Turkish Ambassador to Greece, Burak Özügergin, has given reassurances to his interlocutors... and Cyprus in Jerusalem on March 20, which received the strong political support of Washington. Even
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Mitsotakis buoyed by poll ratings, boost to growth narrative
PoliticsGreek Politicsappears to have secured strong backing for some of the key policy decisions it has taken so far... that this may extend to aluminium and steel, but that this is still being examined. Ross also stressed the strong US interest in exporting LNG to Greece and using it as a hub to move the fuel
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Newsletter 241 - 28/02/2020
positive, with strong signals from business and consumer sentiment that support the growth... NPL stock was now of utmost importance. 2 Economic sentiment at 113.2 in Feb Strong improvements... include mostly electronic products, aluminium, mobile phones and toys worth 3.4 billion euros
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Athens pleased about new EU-Egypt deal, seeks closer ties with Cairo
PoliticsForeign Policywith flows to the Italian and Greek (from Libya to Crete) coasts. Europe is offering a "strategic... playing a leading role," the same source notes. Indeed, the 7.4 billion deal with the EU has a strong... urgently needs Egypt to control migration flows from its borders with Libya and, secondly, to improve its
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H1 exports show notable fall in many sectors but agricultural products buck trend
Economyand 1.4 percent in imports from the EU and eurozone countries, while strong double-digit drops were... billion euros. Drugs and aluminium products follow with exports of 353 and 275 million respectively in H1
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Greek stocks edge up 0.8 pct for third successive week
Economyfor next year, with strong growth expected in the group’s energy subsidiaries as well as in Aluminium of Greece. Eurobank and NBG said they will release third quarter results on November 16 and 23
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Car sales jump by 21 pct in Dec as 2019 closes with 12.8 pct rise
EconomyMacroeconomy(28,220) and buses (1,600). Motorcycle sales posted an increase of 13.5 percent in 2019, lorries registrations rose by 8.4 percent and buses a strong 21.2 percent rise. The increase in car sales in recent... (1,423), and buses (93). The aggregate figures for the year 2019 showed that total vehicle sales
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Car sales rise by 8.3 pct in January
EconomyMacroeconomyof motorcycles (41,758), lorries (28,220) and buses (1,600). Motorcycle sales posted an increase of 13.5 percent in 2019, lorries registrations rose by 8.4 percent and buses a strong 21.2 percent rise... (2,505) and buses (287). Passenger cars accounted for over 85.3 percent of the total car sales
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Turkey's move in Mediterranean puts Mitsotakis under pressure domestically
PoliticsGreek Politicswith Libya last week to delineate maritime borders in the Mediterranean. Athens has labelled the deal “illegal,” arguing that Libya’s prime minister does not have the legal authority to sign such agreements... and creation of EEZs. Greece has also threatened to expel Libya’s ambassador in Athens. Mitsotakis has had
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Stock market slips 1.4 pct dragged by huge bank losses
EconomyThe Greek stock market edged lower 1.4 percent this week amid strong under-performance of bank...-tranche of 1 billion. The General Index of the Athens Stock Exchange landed at 649.79 on Friday, which... mainly dragged by aluminum prices. Sales fell 9.7 percent to 247.9 million, while EBITDA halved to 31.6
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