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Greece's imminent funding problems: All the numbers you need
EconomyProgrammeBefore the Greek government can reach the point of discussing any new arrangement with its lenders to take it past June, it has to overcome its pressing funding needs, with March probably being the biggest hump it has to get over during the next four mo...
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EU-Turkey refugee plan: One for one and none for all
Agoraraised serious doubts about the safety and legality of sending back asylum seekers en masse to Turkey
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PMI slows to 52.9 pts in April, sector confidence hits all-time high
EconomyMacroeconomyGreece’s Manufacturing PMI dropped by 2.1 points to 52.9 in April, nearing almost one full year where the reading has stayed above the 50-mark threshold. The index has remained positive, albeit displaying the weakest growth since November 2017 as the pr...
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All eyes on Piraeus as share price tumbles amid coupon payment concerns
EconomyBankingThe banking sector, particularly Piraeus Bank, was at the centre of attention last week, experiencing significant price turbulence as a result of concerns about coupon payments linked to the recapitalisation carried out five years ago. The lender’s shar...
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Economic sentiment rises to 96.9 points in March as all sectors improve
EconomyMacroeconomyGreece’s economic sentiment (ESI) rose by 5 points month-on-month in March to reach 96.9 points, European Commission figures showed on Tuesday. During the month, the Employment Expectations Indicator (EEI) for Greece came to 109.3 points compared to 106...
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Parties square up for all-out battle over upcoming labour bill
PoliticsGreek PoliticsParties in Greece are preparing to do battle, as New Democracy’s long-anticipated labour bill looks set to be tabled for debate in Parliament after Greek Easter in early May. The legislation, which the government touts as a modernising reform for the be...
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Economic sentiment drops by 3.7 pts in June as all components deteriorate
EconomyMacroeconomyGreece’s economic sentiment (ESI) declined by 3.7 points in June, dropping to 104.3 points, following a recovery of 2.9 points in May, according to European Commission figures released on Wednesday. Economic sentiment has been on the mend for a while, h...
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Property prices rise by 9.4 pct in Q2, close to all-time high
EconomyMacroeconomyThe rise in the nominal value of apartments in Greece remained strong in Q2 of this year, rising by 9.4 percent year-on-year (YoY), from an upwards revised 9.3 percent in Q1 2021, Bank of Greece (BoG) data released on Thursday showed. Q4 2021 saw the hi...
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Travel receipts of 14.66 bln to Aug beat last year, head for all-time record
EconomyMacroeconomyGreece’s travel balance recorded a surplus of 4.11 billion euros in August, from 3.88 billion euros in July, according to Bank of Greece (BoG) data released on Monday. August’s balance was 4 percent higher than the 3.95 billion euros registered in Augus...
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Kasselakis launches EP election campaign with all-out attack on Mitsotakis and ND
PoliticsGreek PoliticsSYRIZA leader Stefanos Kasselakis has opted for an aggressive start to his first election campaign as the head of the main opposition, as the party launches the candidate selection process for June’s EP elections. Kasselakis repeated his call for snap n...
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