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Exit from enhanced surveillance nears, but fiscal commitments bind Greece until 2060
EconomyProgrammehas undertaken the completion of a set of outstanding reforms until the end of the year, which... months until it has repaid 75 pct of its loans, and will have greater policy flexibility although..., for a total of 190.6 billion euros. Within this context, Greece has a long-term goal of securing
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Import price index up by 24.2 pct in Sep, as energy rises 48.6 pct
EconomyMacroeconomylast year at 23.6 percent. Month-on-month, the index posted a drop of 2.2 percent. It has been... (ELSTAT) on Tuesday. The index peaked in April with a 39.1 percent rise and has now recorded three... monthly drop of 2.4 percent. It has experienced four monthly drops this year.
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Economic sentiment approaches pre-Ukraine war high, consumer confidence highest since 2021
EconomyMacroeconomy0.6-point drop in May, according to European Commission figures released on Thursday. Sentiment has... in the previous month. Although the indicator has recovered from the previous low of -57.9 of October... confidence stayed positive for the sixth successive month rising by over 3 points to 4.3, after 2.2
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Mitsotakis targets reforms, but day-to-day challenges set to dominate agenda in 2024
PoliticsGreek Politicsreformist credentials, which are an important part of the image that Mitsotakis has cultivated. However... that SYRIZA leader Stefanos Kasselakis has suggested that his party could even win the June ballot even though... party due to disagreements with the newcomer has so far failed to capture the Greek public’s
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Details of 2025 budget point to complex economic challenges ahead
EconomyMacroeconomyeconomy is expected to grow by 2.2 pct this year, essentially unchanged from the 2.3 pct of last year... role in economic activity and it is exactly because the economy has this profile that the fiscal... that has the government in a bind when it comes to several suggestions, the latest coming from
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Q2 GDP moderates further to 1.7 pct YoY as households spending slows
EconomyMacroeconomypercent year-on-year (YoY), from a 2.2 percent YoY rise in Q1. The slight annual deceleration has... (ELSTAT) revealed on Friday. The Greek economy has been growing continuously QoQ now since Q2 2020... The Finance Ministry has left unchanged the estimates included in the final 2025 budget, with growth
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Faltering relationship with farmers a sign of wider concerns for government
PoliticsGreek PoliticsRural Development Minister Kostas Tsiaras has been forced to deny rumours that he is considering... which affects their sector. Tsiaras issued a statement on Thursday insisting that he has no plans... that the agricultural sector has a clear grievance with the government – namely the apparently corrupt use
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Scope leaves rating unchanged at 'BBB', ups outlook to positive
Economy, and steady improvement in debt dynamics. Scope noted that Greece’s economy has outperformed much..., and the labour market, have further strengthened growth fundamentals. Scope sees 2025 growth at 2.2 pct... formation has surged roughly 60 pct since 2019, lifting the investment-to-GDP ratio to around 15.5 pct
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Alpha Bank reports H1 profits of 267.4 mln on one-off item
EconomyBankingand stress test, the bank indicated it has a capital buffer (above the minimum required capital thresholds... ratio at 40 percent (55 percent in Q2), cost of risk less than 1 percent (2.2 percent in Q2), loan... percent. In addition, Alpha has committed to Greek non-core asset disposal of around 500 million euros
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Greek deflation shoots up to 1.7 pct in October
EconomyMacroeconomyand services (-2.2 percent). In addition, prices in three categories, namely transport (-0.5 percent.... Greece experienced deflation for the first time in March 2013 and the CPI has remained negative... trailing index fell 1.4 percent in October and has remained above the 1-percent mark throughout the year
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