GREEK NEWS

Eurostat: Greek inflation rate at 1.1 pct in November

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Year-on-year inflation in Greece rose to 1.1 pct in November 2017 compared with 0.5 pct in October and -0.2 pct a year earlier, according to data released by Eurostat on Tuesday.

In the euro area, annual inflation was at 1.5 pct in November compared to 1.4 pct in October and 0.6 pct a year earlier.

At an EU level, annual inflation was at 1.8 pct in...

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Greek merchant shipping fleet up in October

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The Greek merchant fleet increased by 0.7% in October 2017, compared with October 2016, the Hellenic Statistical Authority (ELSTAT) announced on Monday, after a 0.3% increase recorded in October 2016, compared with October 2015.

ELSTAT also said that the gross tonnage of the Greek merchant fleet, for vessels of 100 GRT and over, recorded an...

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Fourth day of debate on 2018 state budget

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The fourth day of the debate on the 2018 budget started on Monday and is expected to conclude on Tuesday midnight with a roll-call vote.

The debate will culminate with a speech by Prime Minister Alexis Tsipras....

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Wall Steet Journal: Greece’s economy is growing again

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Greece’s economy is growing again and the country was able to tap the bond markets again, Wall Steet Journal said in an article entitled “How the EU Survived the Populist Wave in 2017.”

“This was supposed to be the year that the European Union imploded—the year when the populist revolts that engulfed the U.S. and the U.K. in 2016 would spread to the...

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Signing of deal for Thessaloniki Port postponed to December 21

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The signing for the sale of a 67% stake in the Thessaloniki Port to a consortium of Deutsche Invest Equity Partners GmbH, Belterran Investments Limited and Terminal Link SAS is postponed to December 21, due to financial problems facing private Moscow-based Promsvyazbank Bank, the issuer of the transations letter of guarantee, the Hellenic Republic...

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100-mln-euro aid plan for flood-hit western Attica

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Alternate Economy and Development Minister Alexis Charistis announced the government has earmarked around 100 million euros to fund infrastructure projects in the region of eastern Attica, which was recently hit by flash floods, resulting in 23 deaths.

Speaking at a regional development conference in Megara, the minister said the projects involve...

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Finance ministry announces new process for recalculating property values

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A group of special valuators, certified with the finance ministry’s register, will be used to recalculate new objective property values by March 2018, with the aim of overcoming objections raised recently and adhering to a timetable set in a third review of the Greek bailout programme.

The finance ministry tabled an amendment in Parliament on...

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Employment index in the retail sector up 2.3 pct in the third quarter of 2017

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The employment index in the retail commerce sector grew 2.3 pct in the third quarter of 2017 compared with the same period in 2016, but fell 0.5 pct from the second quarter of 2017, Hellenic Statistical Authority said on Friday.

The statistics service, in a report, said that the working hours index rose 0.3 pct in the third quarter, compared with...

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