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  1. Credit expansion slows to 1.2 pct in July as corporate loans contract
    Photo via https://flic.kr/p/95a2dS

    EconomyMacroeconomy

    The pace of credit movement in the Greek private sector continued to slow in July, rising by 1.2 percent year-on-year (YoY), from 2.8 percent in June, Bank of Greece (BoG) figures released on Monday showed. At 6.3 percent, last December’s growth was the highest since the summer of 2009. However

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  2. Deposits contract by 191 mln in July as business savings decline
    Photo via https://flic.kr/p/5Yb76K

    EconomyMacroeconomy

    Bank of Greece (BoG) figures released on Monday. The annual growth in July was 3.1 percent year on year (YoY), from 3.5 percent in June and 3.3 percent in May. The outstanding balance of private sector

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  3. Mitsotakis rejects accusations of inadequate response to wildfires
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    , making 2023 the second worst year on record in terms of area burned. A single fire, which continues... claimed that despite the horrific record Greece had been better prepared than any other year and had

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  4. Aug PMI marks seventh month of improved manufacturing conditions, cost pressures resume
    Photo via https://flic.kr/p/vFAyry

    EconomyMacroeconomy

    this year. In their attempt to drive sales, and adjusting for the previous three months of cost declines... growth. The rise in orders filtered through the sector expectations for the coming year

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  5. Mitsotakis's wildfire narrative comes under scrutiny

    PoliticsGreek Politics

    that more than 160,000 hectares of land have been burned since the start of the year, representing... suggests that there were shortcomings in the way the authorities prepared this year. Spartans split

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  6. CPI maintains upwards trend with 2.7 pct rise in Aug, food inflation at 10.7 pct
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s Consumer Price Index (CPI) continued its upward trend in August with 2.7 percent year-on-year (YoY), after growing by 2.5 percent in June, according to the data released on Friday by the Hellenic Statistical Authority (ELSTAT). The average CPI for the rolling 12-month period in August

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  7. Storm fallout sweeps PM to crucial juncture early in second term

    PoliticsGreek Politics

    carried out, underlining that New Democracy has entered its fifth consecutive year in power. SYRIZA... this autumn to account for the extra spending, while the drafting of next year’s budget will also have

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  8. Apartment prices rise in Q2 by a strong 13.9 pct YoY despite slight slowdown
    Photo by MacroPolis

    EconomyMacroeconomy

    The growth in the nominal value of apartments in Greece remained on a stolid path in Q2 2023, increasing by 13.9 percent year-on-year (YoY) from an upwards revised 15 percent in Q1 2023, Bank of Greece (BoG) data released on Tuesday showed. This is a slight slowdown from the peak of Q1 2023

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  9. PM gathers funds to deal with aftermath of floods as political problem grows more acute
    Image: EC Audiovisual Service

    PoliticsGreek Politics

    next year. She added that Greece could also repurpose some of its NextGeneration EU package...’ grip on power is slipping – a weakness that the opposition parties could target in next year’s European

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  10. Wages growth slows to 4.3 pct YoY in Q2
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s seasonally adjusted (SA) Wages Index maintained a solid growth trend in Q2, rising by 4.3 percent year-on-year, although it slowed from an upwards revised 6.3 percent in the first quarter of 2023, Hellenic Statistical Authority (ELSTAT) figures showed on Friday. The wages index captures

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