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PASOK, SYRIZA leaders show little appetite for touted alliance of progresives
PoliticsGreek Politics. PASOK’s executive committee is due to meet towards the end of this month and it will be tasked... to doubt the sincerity of Kasselakis’s proposal. “I want realism and progress, not populism,” he said... who brought him into SYRIZA before last year’s national elections, Kasselakis said he would. His
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Led by a sharp drop in food sales, retail contracts by 1.4 pct YoY in Apr
EconomyMacroeconomyGreece’s retail sales resumed the contraction in April with a 1.4 percent year-on-year (YoY) drop... index dropped by 5.9 percent, after a 6.5 percent rise in the previous month. The volume’s monthly... is roughly 14 points lower on a 12-month rolling basis. Overall, Greece’s economic sentiment (ESI
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Hotel and catering jobs propel May hiring balance to new record
EconomyMacroeconomyGreece’s employment balance had another solid month in May, with 126,660 more hires than departures, according to data from the Labour Ministry’s Ergani information system. The hiring balance in May last year saw 95,951 more hires, a strong year-on-year improvement of 31,069 jobs. May’s balance
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Greece's ongoing divestment from banking sector creates new lender, stirs controversy
EconomyBankingwhich includes the purchase of HFSF’s 9 pct stake. Through a book building process, a 22 pct HFSF.... The government’s decision to proceed at pace with the divestment process drew criticism from... million euros. EFKA, Greece’s pension fund is also a shareholder and is participating with close
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Late Easter helps retail sales rise by 14.3 pct YoY in May
EconomyMacroeconomyGreece’s retail sales jumped in May with a 14.3 percent year-on-year (YoY) rise, after an 1.3...’s monthly movement was up by 10.6 percent. Compared to May 2023, automotive fuel was up by 17.7.... Consumer confidence is 8.5 points lower on a 12-month rolling basis. Overall, Greece’s economic sentiment
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PMI moderates again in July to 53.2 pts as firms' confidence reaches 10-month low
EconomyMacroeconomyGreece’s Manufacturing PMI continued to moderate in July, dropping to 53.2 points, from 54 points... sector have been improving for more than a year, however July’s reading is the weakest in 2024. New... to increase their production levels, however, growth eased further from March’s high and to the slowest since
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Alpha NII rises 6 pct YoY to 829 mln, commissions income up 14 pct
EconomyBankingreached 4.7 percent in H1, at 1.7 billion euros. The Group’s NPE cash coverage stood at 47 percent... in 2023. Balance sheet The Group’s net loans amounted to 35.8 billion euros in H1, from 38.7... percent, from 13.4 percent a year ago. The bank’s Total Capital Ratio stood at 19 percent, from 17.7
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Retail sales rise by 7.4 pct YoY in June, led by fuels
EconomyMacroeconomyGreece’s retail sales continued growing in June with a 7.4 percent year-on-year (YoY) rise, after... month. The volume’s monthly movement was down by 4.3 percent. Compared to June 2023, automotive fuel... on a 12-month rolling basis. Overall, Greece’s economic sentiment (ESI) contracted further
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ND and SYRIZA continue to slide as voter dissatisfaction takes hold
PoliticsGreek Politicssince June’s EP elections, with New Democracy losing its grip on an absolute majority, SYRIZA ceding... the party’s fortunes, SYRIZA voters place Kasselakis ahead with 31 pct, versus his predecessor Alexis... again to scenarios of electoral reform in its second term. Media are reporting that Mitsotakis’s team
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Retail sales drop by 0.2 pct YoY in July as fuel leads slide
EconomyMacroeconomyGreece’s retail sales saw a marginal drop of 0.2 percent year-on-year (YoY) in July, after... adjusted index dropped by 2.4 percent, after a 5.1 percent rise in the previous month. The volume’s... points lower on a 12-month rolling basis. Overall, Greece’s economic sentiment (ESI) bounced back
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