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Quarterly unemployment rises to 13.8 pct in Q1, reflecting off season for tourism
EconomyMacroeconomyGreece’s non-seasonally adjusted quarterly unemployment rate maintained an upward trajectory in the first quarter of the year, rising to 13.8 percent, from 13.2 percent in Q4 2021, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday. The ...
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Business transformation paying off as Eurobank records 932.3 mln profit in 9M
EconomyBankingEurobank posted an adjusted net income of 932.3 million euros in the nine months of 2022 (9M), compared to a profit of 297.5 million euros last year. Core pre-provision income (PPI) rose by 17.7 percent year-on-year (YoY) in 9M to 794.6 million euros, w...
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MPs aim to probe spyware as govt brushes off latest reports
PoliticsGreek PoliticsParliament’s institutions and transparency committee is due to hear on Monday from one of the key figures in the phonetapping affair, in what could be a significant moment in the development of the surveillance saga. The Prime Minister’s former general ...
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Budget starts year where it left off in 2022, beating target by 618 mln in Jan
EconomyMacroeconomyThe budget primary balance in January this year came to a surplus of 2.77 billion euros, compared to a surplus of 15 million euros in the same month of 2022, according to the preliminary Finance Ministry (MoF) budget execution data released on Thursday....
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ND aims to see off threat from right, with focus on fringe religious party
PoliticsGreek PoliticsThe surprise performance of smaller parties in the May 21 elections has New Democracy worried about the potential for a dilution of the vote in the upcoming re-rerun scheduled in a month’s time. The conservatives are particularly focussed on neutralisin...
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Governing party MPs rally around ex-transport minister to fend off opposition attacks
PoliticsGreek PoliticsNew Democracy politicians presented a united front defending the government against a censure motion triggered by its handling of the deadly Tempe rail crash. Their fulsome support for resigned transport minister Kostas Karamanlis brought condemnation f...
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Greek, Turkish FMs keep ties on even keel as OSCE cooperation pays off
PoliticsForeign PolicyThe main takeaway from the meeting between Foreign Minister Giorgos Gerapetritis with his Turkish counterpart Hakan Fidan, last Wednesday in Brussels was that Athens and Ankara are in agreement over the need for restraint regarding any actions that caus...
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ND in danger of being blown off course by farming subsidy scandal
PoliticsGreek PoliticsThe details of the investigation by the European Public Prosecutor’s Office (EPPO) into the livestock farming subsidy scandal that have leaked to the local media since the case file was sent to Parliament this week paint a rather grim picture for the ru...
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Government's ongoing stand-off with livestock breeders heralds resurgence of farming protests
PoliticsGreek PoliticsPM Kyriakos Mitsotakis met with livestock breeders in an effort to put out the dying embers of the farmers’ protests that have troubled him for weeks, but with questions still being asked about the government's approach to sheep pox. Representatives of ...
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Mitsotakis targets rivals as Androulakis tries to shrug off doubters
PoliticsGreek PoliticsAs Greece edges towards the next general election cycle, Prime Minister Kyriakos Mitsotakis’s centre‑right government is recalibrating its political machinery with a clear objective to secure another term by shaping the battlefield on its own terms. The...
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