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  1. Greece's ongoing divestment from banking sector creates new lender, stirs controversy
    Photo via Flickr https://flic.kr/p/4hVnhM

    EconomyBanking

    government executed its divestment strategy. The divestment started in October last year... stake in National Bank (NBG) was divested, while earlier this year the HFSF decided to sell its

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  2. New Himare elections pose fresh challenge for Greek-Albanian relations
    Photo by Michael Button via Flickr https://flic.kr/p/ddQycw

    PoliticsForeign Policy

    higher than last year. On Sunday, early local elections were held in Himare, following... the request of some political parties and a decision from the government. This year no such request

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  3. Trade deficit moderates in June, up 10.5 pct YoY in H1
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    Greece’s trade deficit recorded a drop of 9.8 percent year-on-year (YoY) in June, after a solid rise of 13.6 percent in May, according to data released by ELSTAT on Wednesday. The deficit came to 2.35 billion euros for June. Imports totalled 6.61 billion euros, dropping by 2.5 percent YoY. Exports

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  4. Used passenger vehicles boost car sales in July for 13.8 pct rise
    Photo by MacroPolis

    EconomyMacroeconomy

    Road motor vehicles going into circulation for the first time rose by 13.8 percent year-on-year (YoY) in July, after a rise of 3.6 percent in June, according to Hellenic Statistical Authority (ELSTAT) data released on Friday. In July 2023, licences had grown by 9.2 percent annually. Car sales

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  5. Athens wildfire puts government on back foot after efforts to improve prevention, response
    Image: MacroPolis

    PoliticsGreek Politics

    the level of preparation for this year’s wildfire season by, among other things, launching a nationwide... was one the three MPs elected from SYRIZA’s list of state deputies in last year’s general election

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  6. Central govt debt rises by 1.5 bln in Q2, to 407 bln

    EconomyMacroeconomy

    , with the next prepayment expected towards the end of the year. The weighted average maturity... years) debt made up 71.2 percent of the total, while short-term (up to 1 year) and medium-term (1

    1%

  7. Housing tops government plans for policy reset in autumn
    Image: MacroPolis

    PoliticsGreek Politics

    unable to find homes. PASOK put the issue at the heart of the political agenda ahead of last year’s..., no handouts Unlike his TIF speeches in recent years, this year’s iteration is not expected

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  8. Corporate, income taxes and VAT propel tax outperformance in July above 2 bln
    Image: MacroPolis

    EconomyMacroeconomy

    The budget primary balance was confirmed at a surplus of 5.67 billion euros in July, compared to a surplus of 3.56 billion euros in the same month a year earlier, according to the final Finance... to 5.84 billion euros, above target by 436 million euros. Last year, interest payments were 5 billion

    1%

  9. Credit flow turns negative in July with outflow for corporations at 1 bln
    Photo via https://flic.kr/p/MsYXsT

    EconomyMacroeconomy

    The credit expansion in the Greek private sector kept up its recent pace in July, rising by 6.4 percent year-on-year (YoY), from 6.1 percent in the previous month, Bank of Greece (BoG) figures released on Wednesday showed. The net lending flow was negative by 1.14 billion euros after positive

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  10. Deposits drop by 607 mln in July, led by corporate savings
    Photo via https://flic.kr/p/j1gHCm

    EconomyMacroeconomy

    The net private sector deposits in the Greek banking system shrunk in July with a drop of 607 million euros, after a 3.83-billion-euro jump in June, according to the latest Bank of Greece (BoG) figures released on Wednesday. The annual growth in July was 2.7 percent year on year (YoY), from 2.9

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