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Siemens trial hitch ratchets up tension between coalition and judiciary
PoliticsGreek Politicssources claimed the latest hold-up was prompted by delays in translating the court documents... recently been held up because of an ongoing strike by lawyers but also because of the appeals court judge..., Siemens Hellas, and spending another 60 million euros to build a new factory employing up to 700
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Industrial production up for fourth straight month in July with 4.1 pct rise
EconomyMacroeconomy, the latter makes up only a fraction of the total index. Three of the five main industrial groupings... that increased by 5 percent, while water supply production edged up marginally by 0.2 percent... be on the verge of picking up.
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Greek stocks on the rise again, end week 2.1 pct up
Economyactivity picked up from last week, volumes remained soft for the fourth successive week. The average daily turnover edged up to 35 million from 27 million in the previous week. Corporate news Jumbo... to 104.8 million euros, with sales up 9.4 percent to 637.6 million, while EBITDA improved by 15.3 percent
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Turkey ratchets up pressure on Greece in wake of extradition ruling
PoliticsForeign Policyaircraft entering Greece’s air space. Greek authorities are concerned that if there is a flare-up..., it is not certain that the reunification talks will be unaffected by the ratcheting up of tension between... visit that Ankara might give up on the refugee accord. “If Greece and Germany continue their negative
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Greek banks stepped up write-offs in 2016, provisions increased at slowest pace since 2008
EconomyBankingGreek banks stepped up the number of write-offs in 2016 compared to the previous years, the Bank... billion euros in 2016, up by more than 1 billion from the 2015 figure of 1.46 billion. The previous... at the slowest pace since 2008. They went up by 564 million euros in 2016 from 6.47 billion
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Coalition MPs gear up for busy period in Parliament
PoliticsGreek PoliticsGovernment MPs are gearing up for a busy parliamentary period over the next few weeks, with all... in the run-up to September’s national elections. While this has also caused concern among SYRIZA MPs...-measures, is the only way to get to debt relief, which is key to opening up a path that leads Greece out
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Rhetoric ramped up ahead of Eurogroup but deal still in sight
PoliticsGreek PoliticsAs Thursday's Eurogroup approaches, Athens and Berlin are dialling up their rhetoric but an agreement that will fall short of Greek expectations while still leaving Prime Minister Alexis Tsipras... it has set. Those were summed up in the government’s round-up of the cabinet meeting: Athens is looking
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Industrial turnover up by 8.6 pct in July, positive for eighth month
EconomyMacroeconomythe 12-month trailing index up by 11.9 percent, also reflecting weak performance in the second half... and quarrying which rose by 28 percent. It is noted that this sector makes up a small percentage... increase was seen in energy, which went up by 17.9 percent, followed by capital goods (+15.7 percent
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Parliament to take up Kammenos allegations next week
PoliticsGreek Politicslined up for Thursday. New Democracy reacted angrily to the proposal and accused the government... of up to 10 years. “The country’s foreign policy and national interests transcend any disagreements... his role in the efforts to reach a deal to sell up to 300,000 105mm antitank rounds from the Greek
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Mitsotakis bids for nation's soul, Tsipras ramps up handouts
PoliticsGreek Politicsrepeatedly, trying to become a “regime” and stirring up a class war. “Every day they are in power... within the party but also his tidying up of the party’s dire finances. Nevertheless, among the moments... would receive a one-off payment of 400 euros. It is estimated that there could be up to 55,000
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