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Govt lines up new handouts to fight inflation as SYRIZA moves to election footing
PoliticsGreek Politicsdesigned to help households deal with rising prices, which appear to be posing the biggest threat to ND’s... sour the nation’s mood to such an extent that the PM could not risk sending Greeks to the polls... and pro-Russia Greek Solution, led by Kyriakos Velopoulos. Therefore, ND’s strategy is to have
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Industrial turnover grows 33.3 pct YoY in Apr, but manufacturing leads monthly drop
EconomyMacroeconomyGreece’s industrial turnover growth remained solid in April, rising by 33.3 percent year-on-year... Commission’s business indicators for May, industry confidence rose by 2.1 points to 5.9. Since June last year, industry confidence is up by 3.8 points. Overall, Greece’s economic sentiment (ESI) recovered
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As restrictions drop away, Apr travel balance beats even pre-Covid levels
EconomyMacroeconomyGreece’s travel balance recorded a surplus of 432.1 million euros in April, from 77 million euros in March, according to Bank of Greece (BoG) data released on Tuesday. April’s balance..., April’s balance is more than double the 211.1 million euros seen in April 2019. Receipts came
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SYRIZA reproaches PM and ministers over wealth declarations, loans
PoliticsGreek PoliticsDemocracy’s debts, amounting to around 350 million euros and the many questions surrounding how... links between someone’s role as a politician and a potential improvement in their income.... SYRIZA’s reaction to the latest derivation of wealth declarations should be seen within this prism
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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... area’s ESI was 104 points, down by one point from May. The recovery in Greece’s consumer confidence
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Industrial production on up again in May as manufacturing expansion triggers 3.2 pct rise
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) resumed its recovery in May, rising by 3.2 percent year... to the European Commission’s latest business surveys, industry confidence fell sharply to 0.3 in June..., Manufacturing PMI dropped by 2.7 points in June to 51.1 points. June’s PMI captured only a marginal
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Fitch leaves rating and outlook unchanged, underlines fiscal performance key to higher grade
EconomyFitch affirmed on Friday Greece’s ‘BB’ credit rating and kept the outlook positive, remaining one notch behind S&P and two notches from investment grade. It is also one notch ahead of Moody’s, which..., leading to higher economic performance will also bump up Greece’s rating. In the event of worsening
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Relief measures being lined up, but PM's eye also on reforms rollout
PoliticsGreek Politicskeen to promote his administration’s reformist credentials between now and the end of the year..., which is the focus on reforms aimed at unleashing Greece’s growth potential and making citizens’ daily... at the end of ND’s four-year term. Among the issues that the government reportedly has at the top
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Hiring balance slows in June as job market returns to normal levels
EconomyMacroeconomyGreece’s employment balance slowed down in June with 19,113 more hires than departures, according to data from the Labour Ministry’s Ergani information system. In May there were 99,956 more hires... to relief measures linked to Covid-19. That said, this year’s June figure is significantly lower than
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Jan-May travel balance of 1.78 bln beats same period in 2019
EconomyMacroeconomyGreece’s travel balance recorded a surplus of 1.19 billion euros in May, accelerating from the 432.1 million euros in April, according to Bank of Greece (BoG) data released on Friday. May’s balance.... Most notably, May’s balance is Just 10.8 percent lower than the 1.34 billion euros recorded in May
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