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Loans to businesses keep credit growth at 7.4% YoY in May
EconomyMacroeconomyCredit expansion in the Greek private sector remained strong in May, rising by 7.4 percent year-on-year (YoY), from 6.8 percent the previous month, Bank of Greece (BoG) figures released on Monday... had an inflow of 13 million in May, from an outflow of 9 million in April and the balance standing
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Industrial production accelerates to 3.9% YoY in May, led by electricity supply
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) picked up pace in May with a rise of 3.9 percent year-on-year (YoY), from 2.1 percent in the previous month, according to Hellenic Statistical Authority (ELSTAT) data released on Friday. Month-on-month (MoM), the seasonally adjusted index in May recorded
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Energy continues to drive import prices as May sees 13.3% YoY rise
EconomyMacroeconomyGreece’s import price index rose sharply by 13.3 percent year-on-year (YoY) in May, after a jump of 18.4 percent in the previous month, according to data released by the Hellenic Statistical... in contraction for the most part since early 2023. In May, there was a 22.2 percent increase from the non
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Fuels propel 10.1% rise in retail sales for May despite volume drop
EconomyMacroeconomyThe growth of Greece’s retail sales accelerated with 10.1 percent year-on-year (YoY) rise in May, after an increase of 4 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data.... The volume’s monthly movement was up by 3.3 percent. Compared to May 2025, automotive fuel was up
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Newsletter 61 - 05/02/2016
will be less wavering in his search for a deal with creditors than last year and may be willing to compromise... as some are concerned that Gennimata will veer towards the “old” PASOK and may consider an alliance... assistance to Ankara. Some critics, however, have argued that this financial assistance constitutes a form
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Significant fall in migrant arrivals but camp conditions a growing concern
PoliticsGreek Politicsis that the agreement may not hold up for much longer if Turkey feels the EU is not keeping up its side... for Turks are not relaxed by June, Ankara could not be expected to “adhere to its commitments... during a visit to Ankara on Thursday that Turkish authorities are taking action to stop smugglers. He
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Slow pace of returns and relocations leaves refugee crisis finely balanced
PoliticsForeign PolicyCommission revealing that only 1,500 refugees have been relocated from Greece and Turkey against a mid-May... by the news on Thursday that EU officials expect to miss the end of May deadline for the liberalisation of Turkish visas because of a dispute over Ankara’s anti-terrorism law. The Greek government
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Athens waits for dust to settle after Erdogan's victory in Turkish referendum
PoliticsForeign Policyofficial stamps to be counted. Some analysts claim that Erdogan may appear more moderate and rational... cooperation between Athens and Ankara. It is clear, though, that they are waiting for Erdogan's... European course may soon come to an end. Before that happens, Athens should reinstate its bilateral
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Athens strives to build opposition to Turkey-Libya deal as France pledges support in East Med
PoliticsForeign Policyembargo. On the other hand, Athens continues to bring the issue of the two MoUs signed by Ankara... differences and push the issue far into the future, with whatever consequences this may entail.” However, he said that “It would have the benefit of underscoring the lack of legitimacy of the Ankara
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Verbal exchanges with Turkey intensify, but voters still largely focussed on inflation
PoliticsGreek Politicsthe worries caused by tension with Ankara, according to yet another opinion poll. The latest incident to ratchet up tension between Athens and Ankara were a series of tweets in Greek (and English) from... and voters may be partly discounting the current stand-off as campaign-influenced aggravated rhetoric
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