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Consumer and retail confidence deteriorate further in Aug due to cost of living
EconomyMacroeconomypoints, from -47.6 points in the previous month. Consumer confidence is up by 2.5 points... points in the previous month. The EEI is up by just over two points on the rolling 12-month period... September 2024, industry confidence is up by over 3 points. The services index was marginally lower
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Government defends tax-cut package against opposition criticism
PoliticsGreek Politics. On Monday, Finance Minister Kyriakos Pierrakakis focussed on the raft of tax reforms which make up... is critical to arresting the slide in its fortunes, therefore it was deemed necessary to come up... months, signalling instead his determination to see through his second term without letting up the pace
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Growth treads water as PM targets relief for households
EconomyMacroeconomyby Eurostat was distributed in the form of two main handouts, a rent refund for up to 900 euros.... Young taxpayers up to the age of 25 will pay no tax on their first 20,000 of income, while those... of Greek earnings, at least as they are captured in income declarations. Taxpayers earning up to 15,000
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PM under fire for foreign policy handling after Erdogan snub
PoliticsGreek Politicsbattle. At home, the government still faces accusations of a cover-up over the Tempe rail crash... in the build-up to the meeting. Leader Nikos Androulakis said Mitsotakis’s team was guilty of amateurism... continue to expose the government to accusations of a cover-up over the causes and the handling
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Access to housing market slipping away for young Greeks
Societykept up with property prices. The study finds that low-income households need to allocate 60 pct... prices up by 30 pct. In the same period, real wages have grown by just 6 pct, being impacted... is that the pressures in the property market and incomes have been building up over a number of years and it has now
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Tax collections and contained spending take primary surplus 4.15 bln above target in Sep
EconomyMacroeconomyThe budget primary balance produced a surplus of 9.36 billion euros up to September, according.... The total budget balance up to September showed a surplus of 2.31 billion euros, from a 1.57 billion euros deficit up to September 2024. The overall balance is better than the target by 3.89 billion
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ND braces for rural backlash to OPEKEPE scandal as law and order initiatives take centre stage
PoliticsGreek Politicsthat up to half of all upcoming payments audited in spot checks appeared to be out of order. Under the newly tightened-up rules, audits precede disbursements, leading to longer delays. According to government figures, up to 240,000 applications will need to be checked before any payments start
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Government tries to shake off OPEKEPE stigma as PASOK struggles to make gains
PoliticsGreek Politicsprobes ended up focussing on the same individuals. Mitsotakis went on to claim that the government... several times to ask why some payments were being held up. In his statement, Avgenakis claimed... – just a few days after taking up his position. Papavassiliou was forced to step down after it emerged
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Retail sales grow strongly in Aug with 5.3 pct YoY rise
EconomyMacroeconomymovement was also up by 0.2 percent. Compared to August 2024, automotive fuel was down by 6.8 percent, non... percent and food and beverages were up by 8 percent. Clothing and footwear also recorded a rise of 3.8..., with fuels down by 1.9 percent, a 4.6 percent rise in foods and non-food up by 7.6 percent. According
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Hiring balance turns negative in Sep on as tourism season winds down
EconomyMacroeconomyand termination of contracts. Layoffs rose by 19,530 year-on-year, while voluntary exits were up by 7,056. Hirings were up by 13,794 jobs compared to September last year, while departures rose by 26,586. The proportion of hirings for full-time work came to 48 percent. Part-time and shift work made up 44 percent
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