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PM gives ESY clean bill of health, prompting opposition backlash
PoliticsGreek Politicssocial media post, Prime Minister Mitsotakis presents 2024 as a watershed year for ESY, noting... euros last year - and that 21 percent of citizens who needed care in 2023 were unable to cover
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Opposition lines up attack on government over wildfires with visits to affected areas
PoliticsGreek Politicshectares have burned so far this year as of August 19, making 2025 Greece’s fifth worst wildfire... to show support. Around 10,000 hectares burned on Chios this year, including large areas in Natura
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Industrial turnover stable in June after marginal 0.1 pct YoY rise
EconomyMacroeconomyGreece’s industrial turnover was virtually unchanged in June, with a rise of 0.1 percent year-on-year (YoY), from a 2.4 percent increase in May, according to data released by the Hellenic Statistical Authority (ELSTAT) on Wednesday. On a rolling 12-month basis, the industrial turnover was down
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Government tries to polish economic image as it prepares for big gamble on relief measures
PoliticsGreek Politicswould cost 1.5 billion euros per year, which is exactly the baseline amount that Mitsotakis plans... of the year. However, if the relief package, which will make use of all the fiscal space currently
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Construction shows first signs of recovery in 2025 as building activity rises 31.6 pct YoY in May
EconomyMacroeconomyBuilding activity showed signs of recovery in May with a rise of 31.6 percent year-on-year, after a drop of 17.3 percent YoY seen in April, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Wednesday. The total number of permits issued in May reached 2,717, from 2,065
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Despite small drop in July, deposits stay above 200 bln mark
EconomyMacroeconomyThe Greek banking system’s private sector deposits dropped in July, with a net decrease of 1.15 billion euros, after a jump of 5.1 billion euros in June, according to the latest Bank of Greece (BoG) figures released on Thursday. The annual growth in July was 5.1 percent year on year (YoY), from 5.3
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Credit to corporations contracts in July, bringing total loans down 1.27 bln MoM
EconomyMacroeconomyThe credit expansion in the Greek private sector remained solid in July, rising by 10.5 percent year-on-year (YoY), unchanged from the previous month, Bank of Greece (BoG) figures released on Thursday showed. The net lending flow was negative by 1.26 billion euros after an inflow of 2.74 billion
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How will Trump's tariffs affect Greece?
Agora) in 2024, while imports from the US totalled €2.16 billion. This marked a 14% year-on-year increase
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Electricity drags industrial production down by 0.5 pct YoY in July
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) went back in contraction in July with 0.5 percent year-on-year (YoY) drop, after a rise of 1 percent in the previous month, according to Hellenic Statistical Authority (ELSTAT) data released on Wednesday. Month-on-month (MoM), the seasonally adjusted index
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Car sales record modest rise in August, up 3.3 pct YoY in 8M
EconomyMacroeconomyVehicles going into circulation for the first time dropped by 2.4 percent year-on-year (YoY) in August, after an increase of 2.8 percent in July, according to Hellenic Statistical Authority (ELSTAT) data released on Wednesday. In August 2024, licences had decreased by 5.8 percent annually. Car
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