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Athens sees progress during first days of fourth review talks
EconomyProgrammeThe Greek government believes that discussions regarding the fourth review, which began in Athens this week, are progressing well. A senior Finance Ministry source told the local media on Wednesday that the negotiations, which started on Monday, are “as...
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Juncker heralds MoU exit but fails to add clarity during Athens visit
EconomyProgrammeWhile the visit of European Commission president Jean-Claude Juncker to Athens on Thursday was seen as a symbolic gesture ahead of Friday’s Eurogroup and within the context of the final months of Greece’s third programme, it did little to provide clarit...
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Primary cash surplus at 6.4 bln in year to date, expenditure rises during May
EconomyMacroeconomyGreece’s central government primary cash balance recorded a surplus of 6.40 billion euros in the first five months of the year, Bank of Greece (BoG) figures showed on Monday. The headline figure includes an arrears’ repayment of 662 million euros, of wh...
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Turnover in tourism grows by 11.5 pct during Q2
EconomyMacroeconomyThe turnover index in accommodation and food services remained positive for an eighth continuous quarter in the second quarter (Q2) of the year, increasing by 11.5 percent from 10.9 percent in Q1, Hellenic Statistical Authority (ELSTAT) figures showed o...
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Turnover in tourism grows by 9.4 pct during Q3
EconomyMacroeconomyThe turnover index in accommodation and food services remained positive for a ninth continuous quarter in the third quarter (Q3) of the year, dropping to 9.4 percent from a revised increase of 11 percent in Q2, Hellenic Statistical Authority (ELSTAT) fi...
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OECD report highlights stress on Greek middle class during crisis
SocietyA publication by the Organisation for Economic Co-operation and Development (OECD) on the pressures faced by the middle class globally has shown that overall this sector of society has seen its standard of living stagnate or decline in recent decades. A...
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PMI crashed to 29.5 points in April during sharpest ever decline
EconomyMacroeconomyGreece’s manufacturing PMI plummeted to 29.5 points in April from 42.5 points in March, according to the latest data from Markit PMI. The headline figure is the worst on record since Markit began its series 21 years ago. The report noted that the corona...
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Industrial turnover posts 53.1 pct YoY growth in May, biggest rise during pandemic recovery
EconomyMacroeconomyGreece’s industrial turnover growth produced another impressive reading in May, jumping by 53.1 percent year-on-year (YoY), after a rise of 33.4 percent in April, according to data released by the Hellenic Statistical Authority (ELSTAT) on Wednesday. Af...
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SYRIZA loses Umbrella during stormy weekend
PoliticsGreek PoliticsStefanos Kasselakis’s decision to clash head-on with dissenters in his party led to members of SYRIZA’s left-wing Umbrella faction walking out over the weekend amid fears the opposition party will become a personal vehicle for its new leader. The events...
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Athens waits to be convinced of Ankara's willingness to talk
PoliticsForeign Policyto resolve the matter at The Hague and the second issue is subject to talks between Athens and Libya’s... and which led to the signing of a maritime agreement with Libya, which Greece considers illegal. They also
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