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ND faces fiscal balancing act and more challenges over spying scandal
PoliticsGreek PoliticsThe government is trying to look ahead to the package of inflation-busting measures Prime Minister Kyriakos Mitsotakis will announce in just over a month at the Thessaloniki International Fair (TIF), but the opposition sense it can impede New Democracy’...
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PBO sees economy making soft landing, but facing challenges ahead
EconomyMacroeconomyThe Parliamentary Budget Office (PBO) released its latest quarterly report on Tuesday, which highlights some of the concerns for the coming year despite notable progress on the fiscal and economic front this year. Fiscally, Greece had a sounds year, tha...
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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-on-year (YoY), after a 2.7-percent rise in August, Hellenic Statistical Authority (ELSTAT) data showed on Thursday. The corresponding volume index recorded a d...
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Podcast - Whose property? Greece’s housing challenges
AgoraAfter going through a really difficult time during the country’s long economic crisis, the Greek property market is booming, but that's creating a whole new set of problems. High rental and purchase prices are pricing out much of the local population as...
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Spotlight on challenges to labour productivity growth
EconomyMacroeconomyLabour productivity has been an ongoing challenge for the Greek economy even before the 2010 debt crisis and is set to become more prominent from 2028 as it will be one of the components of the formula that will determine the minimum wage. The current c...
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Trade data captures reflects challenges as exports fall 14.5 pct in Apr
EconomyMacroeconomyGreece’s trade deficit dropped by 6.9 percent year-on-year (YoY) in April, after a sharp rise of 25.3 percent in March, according to data released by ELSTAT on Friday. The deficit came to 2.84 billion euros for April. Imports totalled 6.67 billion euros...
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PMI remains in expansion at 53.1 in June, though firms see export and cost challenges
EconomyMacroeconomyGreece’s Manufacturing PMI was again virtually unchanged in June at 53.1 points, from 53.2 in the previous month, according to S&P Global data released on Tuesday. The manufacturing sector continued to expand in June mostly thanks to domestic business, ...
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Manufacturing grows in Oct amid persistent export challenges and higher input costs
EconomyMacroeconomyGreece’s manufacturing PMI improved in October to 53.5 points, from 52 points in the previous month, S&P Global data showed on Monday. The upturn stemmed from stronger growth in output, new orders, and employment, with stocks of purchases returning to e...
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PM faces new challenges as public sides with farmers, Tsipras questions recovery
PoliticsGreek PoliticsThe parliamentary debate over next year’s budget is due to conclude with Prime Minister Kyriakos Mitsotakis intervention this Tuesday. His comments will be made against the backdrop of an ongoing protest by farmers, which seems to have significant publi...
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DBRS leaves rating unchanged at 'BBB', cautions about risks and challenges
EconomyDBRS has kept Greece’s credit rating unchanged at ‘BBB’ and the outlook remained stable. In March last year, DBRS upped Greece’s rating by one notch, a step above the entry rating of investment grade, and did not take any action in September 2025. The s...
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