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Government defends tax-cut package against opposition criticism
PoliticsGreek Politicsthe lion’s share of this year’s policy announcements. Pierrakakis claimed the interventions amount... January 2026 for wage earners and the following year for the self-employed. Secondly
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Wages grew by 8.7 pct YoY in Q2 thanks to strong seasonal hires
EconomyMacroeconomyGreece’s seasonally adjusted (SA) Wages Index grew by 8.7 percent year-on-year (YoY) in Q2, from 6.2 percent in the first quarter of 2025, Hellenic Statistical Authority (ELSTAT) figures showed on Friday. The wages index captures employees’ gross earnings, including salaries, bonuses, extraordinary
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Androulakis presents vision for fairer Greece in response to PM’s tax cuts
PoliticsGreek Politicsis pitching his vision for a fairer Greece than the one voters have seen evolve under the six-year... through on last year’s call for targeted property-tax relief. Breaking up entrenched cartels tops
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Property prices rise by 7.3 pct YoY in Q2, index at all-time high again
EconomyMacroeconomyThe growth in the nominal value of apartments in Greece accelerated marginally in the second quarter of 2025, increasing by 7.3 percent year-on-year (YoY) from 7 percent in Q1 2025, Bank of Greece (BoG) data released on Wednesday showed. There has been a gradual slowdown from the growth peak in Q1
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Polls indicate PM’s tax-cut offer fails to move needle as voters remain pessimistic, concerned
PoliticsGreek Politicsthat has been growing in size this year. Pessimistic mood Seventy pct of respondents in the Metron... (51 pct) feel their personal situation has worsened over the past year, the survey’s highest
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Industrial turnover drops by 1.8 pct YoY in July, driven by markets abroad
EconomyMacroeconomyGreece’s industrial turnover dropped in July, with a decrease of 1.8 percent year-on-year (YoY), from a 0.1 percent increase in June, according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday. On a rolling 12-month basis, the industrial turnover was down by 2 percent, from
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Moody's keeps rating unchanged at 'Baa3' - outlook stable
Economyrating unchanged. Earlier in the year, in March, Moody’s was the final leading agency that granted GGBs... into the investment grade. This was the last GGB upgrade this year. Like the rest of the agencies, Moody’s notes
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Strong tax revenues, major underspend lead primary surplus 3.57 bln above target in Aug
EconomyMacroeconomyThe budget primary balance was confirmed at a surplus of 8.5 billion euros up to August, compared to a surplus of 7.57 billion euros in the same period a year earlier, according to the final Finance... euros, from 6.56 billion last year. PIB Public Investment Budget revenues came to 2.69 billion euros
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Deposits rise by 2 bln in Aug, reaching new recent high of 205.4 bln
EconomyMacroeconomyThe Greek banking system’s private sector deposits rose in August, with a net increase of 2.05 billion euros, after a drop of 1.15 billion euros in July, according to the latest Bank of Greece (BoG) figures released on Thursday. The annual growth in July was 5.4 percent year on year (YoY), from 5.1
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Credit growth stable at 10.6 pct YoY in Aug
EconomyMacroeconomyThe credit expansion in the Greek private sector remained strong in August, rising by 10.6 percent year-on-year (YoY), virtually unchanged from the previous month, Bank of Greece (BoG) figures released on Thursday showed. The net lending flow was positive by 166 million euros after an outflow
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