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Industrial turnover drops by 2.3 pct in May
EconomyMacroeconomyconfidence deteriorated by 0.4 points month-on-month to stand at -0.6. Year-on-year, industry confidence has
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Travel balance up by 7.8 pct in May, aggregate visitors edge down 0.9 pct
EconomyMacroeconomyGreece’s travel balance rose to 1.36 billion euros in May from 200.3 million euros in April, Bank of Greece (BoG) data has shown. This reflects an annual rise of 7.8 percent. Receipts came to 1.61 billion euros, increasing by 9.3 percent year-on-year (YoY). Travel payments also increased by 18.4
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Hatzidakis announces strategy for partial privatisation of PPC
EconomyFeaturesThe government has announced its plans for rescuing the state electricity firm, the Public Power Corporation (PPC) and save it from collapse. Energy Minister Kostis Hatzidakis unveiled the government’s plans in Parliament on Monday in the context of the general outlining by New Democracy of its
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Preventative medicine, support for vulnerable form backbone of ND healthcare package
PoliticsGreek Politicswith over 1,000 nurses being recruited. Although Greece has a high ratio of doctors to the general
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Hatzidakis details plans for PPC, puts forward new CEO
EconomyFeatureshas put forward Giorgos Stassis to take over as CEO of PPC. According to media reports, Stassis
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ND sees first tax cuts as fair, hopes to build case for lower fiscal targets
PoliticsGreek Politicsin a few weeks. SYRIZA, which had introduced an ENFIA reduction of its own before the elections, has
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ND moves on to next bill after first round of tax cuts approved
PoliticsGreek Politicsto SYRIZA’s plan to cut ENFIA, “not a single euro of relief has been applied to properties worth
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New government sets sights on sustainable and wide-reaching tourism industry
EconomyGreece’s new tourism minister, Haris Theocharis, has said that Greece needs a ten-year plan to boost the country’s vital tourism sector. Noting the stability of the tourism industry in recent years, Theocharis said in a speech to Parliament that the government needs to take initiatives to increase
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Staikouras strikes note of caution on fiscal space and tax cuts
EconomyProgrammeof the fiscal targets in the coming years, a matter that has already been raised with the eurozone lenders
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PBO highlights budget, recovery risks in latest report
EconomyMacroeconomyyears has the support of all political parties and is a reasonable request for Greece to make
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