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Greece moves step closer to investment grade as Fitch ups rating by one notch to 'BB+'
Economyyear-on-year, the highest since 2010. The objectives for the Greek authorities to secure
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PM bats away surveillance claims, looks to final pre-election handouts
PoliticsGreek Politicswith the aim of damaging New Democracy and prevent it returning to power in this year’s elections. During... the conservatives to offer one more handout before the elections. The outperformance last year reached around 400
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Loan rates exceed 5 pct in Dec, spread at highest in almost 20 years
EconomyMacroeconomy, up from 2.94 percent a year ago. This pushed the spread up to the highest level in nearly 20 years..., for vulnerable households over a period of one year. With mortgages also getting dearer
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CPI stable at 7 pct in Jan as food inflation persists
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) remained broadly unchanged at the start of 2023, rising by 7 percent year-on-year in January, after increasing by 7.2 percent in December, according to the data released on Wednesday by the Hellenic Statistical Authority (ELSTAT). The average CPI for the rolling
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Survey highlights households struggling with cost of living, delivers worst outlook since 2019
Economyhouseholds deteriorating last year. In the survey highlights, for households with income below 30,000... year seem to persist, with 52 pct expecting their situation to deteriorate, with just over 15 pct
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Building permits grow by 9 pct in Nov, up 3.9 pct over 11M
EconomyMacroeconomyBuilding permits stayed on a growth trend in November thanks to a rise of 9 percent year-on-year (YoY), after an increase of 8.2 percent in October, according to the latest data released by the Hellenic Statistical Agency (ELSAT) on Tuesday. The total number of permits issued in November reached
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Deposits drop by 4.5 bln in Jan, reversing previous month's marked increase
EconomyMacroeconomyby companies as the fiscal year ends. The annual growth in January was 3.5 percent, from 4.8 percent... of 2011, despite January’s drop and the mixed picture this year due to the cost-of-living crisis
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Credit expansion for private sector grows 5.7 pct YoY in Jan, but flow turns negative
EconomyMacroeconomyCredit movement in the Greek private sector slightly decelerated in January but still recorded a solid rise of 5.7 percent year-on-year (YoY), from 6.3 percent in December, Bank of Greece (BoG) figures released on Tuesday showed. After a recent peak of 3.7 percent growth in February 2021, credit
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Budget beats target in Jan, boosted by 49 pct YoY jump in taxes on goods and services
EconomyMacroeconomy(MoF) budget execution data released on Tuesday. In the first month of the year, the budget... by 64 million euros. Last year, interest payments reached 1.22 billion euros in the same month of 2022
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Blinken visit highlights Greece's growing role as key regional partner
PoliticsForeign Policyreferenced the $123 million in investment undertaken under the new multi-year status of the Mutual... is also moving along. “Just over a year ago, the two of us signed an amendment to that pact. And since
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