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HELPE privatisation moves closer as ROSCO sale is completed
EconomyProgrammein Hellenic Petrol (HELPE) as progress continues on Greece’s privatisations. The Board of Directors... on behalf of HRADF. In the government’s Medium Term Fiscal Strategy (MTFS) released earlier this month, clear path was set out for Greece’s privatisation programme in the coming years, with revenues close
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Greek debt management agency sees Eurogroup debt deal favourably
EconomyProgrammeGreece’s debt management agency, PDMA, issued a report on Wednesday in which it assesses... that Greece’s debt now has a comprehensive package of debt relief measures that were nationally formulated... percentage points. The set of measures in last month’s Eurogroup have various benefits for Greece
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Change to date of local elections adds to expectations of May national vote
PoliticsGreek Politicsto introduce, may have clashed with Greece’s constitution. There are, however, suspicions.... The government’s time in office may yet depend on when the name agreement reached with the Former Yugoslav... to dodge this issue, fearing that such a move would send more votes in New Democracy’s direction than
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Economic sentiment reaches 105.3 in July, highest since June 2014
EconomyMacroeconomyGreece’s economic sentiment (ESI) rose by 2.8 points to 105.3 versus the reading of 102.5 in June, European Commission (EC) figures revealed on Monday. July’s reading marks four consecutive months... 2014 when the reading came to 105.2. Greece’s economic sentiment reading has remained above 100
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Mitsotakis steps up pressure on coalition over wildfire deaths
PoliticsGreek Politicsfollowing last week’s deadly fires on the outskirts of Athens. The opposition leader held a news... settled. Mitsotakis suggested that Tsipras’s decision last Friday to accept “political responsibility... to produce a new civil protection plan, echoing the government’s suggestion that it would also do
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Special tax structure would benefit hotels and jobs, bank argues
EconomyFeaturesand harness investments, Alpha Bank’s weekly financial bulletin has highlighted. Focusing its first section... to invest in the country’s promising tourism industry. These include but are not limited to: A 3.1 percent... duty, etc) may be due for the foreign investor. Greece’s hotel industry has been voicing concern
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Unemployment in Greece falls to 19.5 pct in May, below 20 pct for first time since Sept 2011
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate in May edged down to 19.5 percent from a downward revised rate of 20 percent in April, Hellenic Statistical Authority’s (ELSTAT) data showed.... The latest available data from the Labour Ministry’s Ergani database for June showed that there were
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Industrial production grows by 1.2 pct in June and rises by 0.5 pct in first half of the year
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) rose by 1.2 percent in June after May’s growth was revised up to 1.7 percent, Hellenic Statistical Authority (ELSTAT) data revealed on Thursday. The latest... and quarrying production index. The European Commission’s latest industry confidence indicator for July
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Apartment prices increase by 0.8 pct in Q2 for first rise since Q4 2008
EconomyMacroeconomyincrease in nearly a decade as Greece’s battered property market starts to show signs of recovery..., which took the balance to just under 80 billion euros for the month. The household lending sector’s... the year-on-year reading back into positive territory, after March’s decline which was the first
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Industrial turnover up by 17.4 pct in June for highest rise in year so far
EconomyMacroeconomyGreece’s industrial turnover reported an increase of 17.4 percent in June, strengthening from... after the negative reading of December 2017. June’s headline figure is the highest reading... trailing index grew by 7.7 percent. The month’s performance was led by an increase of 22.5 percent
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