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Meeting of Greek, Turkish foreign ministers raises hopes for constructive dialogue
PoliticsForeign Policydialogue is certainly an evolution of the exploratory talks that were the culmination of Greece’s new policy following the so-called Helsinki decision, essentially fοunded on Turkey’s EU perspectives... that there will be a direct political involvement and Greece’s Alexandra Papadopoulou is a competent, veteran diplomat, who
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Controversial labour law set to usher in radical changes to employment practices
PoliticsGreek Politicsthat the country was in a state of crisis caused by the summer’s natural disasters. Third party.... Achtsioglou has been engaged in a war of words on social media with Kasselakis’s backer within the party, the Cretan MP Pavlos Polakis. She has also accused her rival’s supporters of dirty tricks
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A leader from nowhere, but to where?
AgoraStefanos Kasselakis was elected the new leader of Greece’s main opposition party, SYRIZA, on Friday... elections, is taking the reins of Greece’s main opposition party even though hardly anyone knows anything... who understands how to engage with voters and can attract media attention (the Greek media’s
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Retail sales grow by 3.1 pct in Jul, as food sales continue to contract
EconomyMacroeconomyGreece’s retail sales returned to positive territory in July, with a rise of 3.1 percent year... index increased by 3.1 percent, after a 2.6 percent drop in the previous month. The volume’s..., Greece’s economic sentiment (ESI) recorded a drop of almost 3 points in September to 108 points
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Industrial production stays in contraction for third successive month in Aug
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) remained in negative territory in August, after back.... The index had been growing in the first five months of 2023, with June’s print being the first negative... Commission’s latest business surveys for September, industry confidence turned negative after eighth
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Inflation boosts retail sales growth to 2.4 pct in Aug, volumes continue to slide
EconomyMacroeconomyGreece’s retail sales remained in positive territory in August, with a rise of 2.4 percent year... adjusted index increased by 0.2 percent, after a 3.1 percent rise in the previous month. The volume’s... by 2.5 points from November last year. Overall, Greece’s economic sentiment (ESI) continued its slide
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Number of unemployed falls 18.2 pct in Sep, overall unemployment rate down to 10 pct
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate dropped to 10 percent in September, after... was 9.4 percent. The latest available data from the Labour Ministry’s Ergani database showed that Greece’s employment balance in August turned negative by 15,826 more departures than hires. During
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Alpha Bank NII jumps by 46 pct YoY in 9M, reaching 1.34 bln
EconomyBanking. The Group’s NPE cash coverage stood at 41 percent in 9M, while total coverage was 114 percent. P&L... million euros, from 198 million in 2022. Balance sheet The Group’s net loans amounted to 38.8 billion... Equity Tier 1 (CET1) ratio in 9M stood at 13.9 percent, from 11.8 percent in 9M 2022. The bank’s Total
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Unemployment rate drops below 10 pct in Oct for first time since Sep 2009
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate dropped below 10 percent in October, landing at 9.6 percent, after a slightly upwards revision to 10.3 percent in September, Hellenic Statistical... Ministry’s Ergani database showed that Greece’s employment balance in August turned negative by 15,826
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Retail sales rise by 3.3 pct in Sep, but falling volume reflects challenges
EconomyMacroeconomyGreece’s retail sales stayed in positive ground in September, with a rise of 3.3 percent year... adjusted index increased by 0.1 percent, after a 0.2 percent rise in the previous month. The volume’s... almost 4 points to 19.5, up by 14 points from December last year. Overall, Greece’s economic sentiment
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