Demand for corporate credit rises
Demand for corporate credit rises Demand for loans by Greek small, medium-sized and large enterprises is expected to increase further, while demand by households is expected to remain unchanged in the first quarter of 2023, the Bank of Greece said on Tuesday. Credit standards for loans to non-financial corporations (NFCs) remained unchanged in the fourth […]
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Passenger traffic in summer 2022 rises 4% from 2019 at 24 Greek airports
Passenger traffic in summer 2022 rises 4% from 2019 at 24 Greek airports The number of flights in Greek airports in 2022 slightly exceeded 2019’s record figures, the Civil Aviation Authority (CAA) reported on Tuesday, ANA reports. A total of 529,235 flights were carried out in Greece last year compared to 526,155 in 2019, with […]
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Competition with Turkey rises below the surface
Competition with Turkey rises below the surface Turkey’s recent announcement of plans to significantly strengthen its naval force is seen in Athens as an attempt to level the playing field with Greece, amid an increase in tension between the two neighbors over maritime borders and energy rights in the Aegean and Eastern Mediterranean. Speaking at […]
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ATHEX: Index rises to highest point in over 10 months
ATHEX: Index rises to highest point in over 10 months The Greek stock market completed an entire week of growth, as Thursday’s session was the fifth in succession with the benchmark in the black, climbing this time above the 950-point mark, only to illustrate to observers that the only way is up for the local […]
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Big Freeze in North America, Death Toll Rises
Big Freeze in North America, Death Toll Rises Roads have become dangerous due to icy conditions caused by the big freeze. Credit: New York State Police / Twitter A big freeze has gripped the US and Canada since a bomb cyclone hit North America over Christmas. Americans and Canadians in affected areas must contend with […]
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Jobless rate in Cyprus rises in Q3
Jobless rate in Cyprus rises in Q3 Unemployment in Cyprus in the third quarter of 2022 rose to 6.8% of the total workforce, compared with 6.6% in the same period of last year, according to the Labor Force Survey, published by the Statistical Service of Cyprus (CyStat) on Thursday. The number of unemployed amounted to […]
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ATHEX: Bourse rises over 3% in the week
ATHEX: Bourse rises over 3% in the week Friday’s minor slide in stock prices at Athinon Avenue did little to stain a remarkable week at the Greek bourse that has put the benchmark safely above the 900-point mark with prospects for further growth in the three sessions left till the end of the month. The […]
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Migrant shipwreck death toll rises to 28
Migrant shipwreck death toll rises to 28 Greek authorities say they have found the body of another victim from last week’s shipwreck of an overloaded migrant smuggling boat in the western Aegean Sea, bringing the confirmed death toll to 28. The coast guard said Thursday the body of a man was found on a beach […]
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Confirmed dead from migrant shipwreck rises to 23
Confirmed dead from migrant shipwreck rises to 23 The number of confirmed deaths after the sinking of a migrant boat at sea near Cape Kafireas rose to 23 on Friday, following the recovery of another body from the site of the shipwreck. According to the 12 survivors, the boat was carrying 68 migrants when it […]
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Yearly inflation in Turkey rises to new 24-year high of 85%
Yearly inflation in Turkey rises to new 24-year high of 85% Annual inflation in Turkey continued to rise in October, official figures showed Thursday, pushing the price of essential goods higher and amplifying a cost-of-living crisis in the country. Consumer prices rose to 85.51% in October from a year earlier, and by 3.54% from the […]
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Death toll rises to 40 in Turkey coal mine explosion
Death toll rises to 40 in Turkey coal mine explosion Funerals for miners killed in a coal mine explosion in northern Turkey began Saturday as officials raised the death toll to at least 40 people. Desperate relatives had waited all night in the cold outside the state-owned Turkish Hard Coal Enterprise’s (TTK) mine in the […]
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Greek inflation rises to 12% y/y in September, near three-decade high
Greek inflation rises to 12% y/y in September, near three-decade high Greece’s annual consumer inflation accelerated to 12.0% in September from 11.4% in the previous month, remaining at its highest level in nearly three decades, data showed on Monday. Surging costs for energy, housing, transportation and food were the main factors underpinning the figures, statistics […]
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Greek industrial output rises 3.9% y/y in August
Greek industrial output rises 3.9% y/y in August Greek industrial output rose 3.9% in August compared to the same month a year earlier after a downwardly revised 6.5% increase in July, data from statistics service ELSTAT showed on Monday. A breakdown of index components showed manufacturing production rose 4.3% from the same month in 2021. […]
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Death Toll Rises to 22 After Migrant Boats Sink in Greece
Death Toll Rises to 22 After Migrant Boats Sink in Greece Migrants try to climb to safety at Kythera after their boat hit the rocks on Wednesday evening. Credit: Video screenshot/Greek Coast Guard At least 22 people drowned and many are missing after two migrant boats sank off Greece on the islands of Lesvos and […]
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OPAP profit rises significantly in H1
OPAP profit rises significantly in H1 Betting company OPAP saw its second-quarter profit rise significantly, despite the uncertainty of high inflation, especially in energy prices. Overall, first-half economic indicators were also significantly improved year-on-year, as last year was still affected by lockdowns. Thus, OPAP’s net profit for the first half of 2022 were €167.3 million […]
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Industry turnover index in June rises by 43.1%
Industry turnover index in June rises by 43.1% The Hellenic Statistical Authority announced the Turnover Index in Industry with base year 2015=100.0 for June 2022, the evolution of which on the basis of provisional data, is as follows: The Overall Turnover Index in Industry (both Domestic and Non-Domestic Market) in June 2022 recorded an increase […]
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Big price hikes limit holiday options for families
Big price hikes limit holiday options for families Price rises in ferry tickets, hotels, rental rooms and dining are severely affecting households’ holiday plans, especially for families with children. Ferry tickets have increased 25.4% on average, forcing many families to send their car by ferry and travel by plane. An overnight boat trip for a […]
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ATHEX: Turnover rises but stocks drop
ATHEX: Turnover rises but stocks drop The improvement of daily turnover on the Athens Exchange on Wednesday did not come with any growth in stock prices, as once again the closing auctions denied the benchmark a positive finish. However, Athinon Avenue generally outperformed most of its eurozone peers on a difficult day for stocks across […]
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Cyprus CPI rises nearly 9% y-o-y
Cyprus CPI rises nearly 9% y-o-y The EU-harmonized Index of Consumer Prices climb to a new all-time high in May driven upwards mainly by the continued price hikes in energy. According to data released by the Statistical Service of Cyprus (CyStat), the index in May rose by 8.8% year-on-year, marking an increase of 0.6% compared […]
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Supermoon rises over temple of Poseidon
Supermoon rises over temple of Poseidon The strawberry full moon rises behind the ancient temple of Poseidon at Cape Sounion, about 70 kilometers (45 miles) south of Athens, Tuesday. The moon reached its full stage on Tuesday, during a phenomenon known as a supermoon because of its proximity to Earth, and it is also labeled […]
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Employment in Cyprus rises 1.9%
Employment in Cyprus rises 1.9% Total employment in Cyprus increased by 1.9% in the first quarter of 2022 compared to the corresponding quarter of 2021, according to a provisional estimate the Statistical Service of Cyprus (CyStat) published on Tuesday. In particular, total employment for the first quarter of 2022 is estimated at 444,715 people, of […]
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Sharp price rises expected to cut deep into Greek supermarket sales
Sharp price rises expected to cut deep into Greek supermarket sales Food prices in Greece – already high because of a 24 percent Value Added Tax (VAT) – have jumped so much that supermarkets are bracing for a fall in sales. Even basic goods, such as coffee and milk, and bread, are feeling the pinch, […]
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Cyprus trade deficit rises significantly in February-March
Cyprus trade deficit rises significantly in February-March Cyprus’ trade deficit amounted to 429 million euros in February, according to the final data on the month’s trade published by the Cypriot Statistical Service (CyStat) this week. Additionally, preliminary data from CyStat show that the trade deficit for March 2022 reached €729 million. Total imports of goods […]
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Minimum wage rises to €713 on May 1
Minimum wage rises to €713 on May 1 Greece’s minimum wage will increase by 50 euros per month, from 663 to 713 euros as of May 1, Prime Minister Kyriakos Mitsotakis announced on Wednesday in a televised address. “Now is the time to boost lower incomes,” the prime minister said, calling on employers to act […]
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ATHEX: Index rises to highest point since Feb 23
ATHEX: Index rises to highest point since Feb 23 The main index of the Athens bourse rose on Wednesday to its highest point since the outbreak of the war in Ukraine, thanks to a combination of factors such as expectations regarding the minimum wage increase that was announced later in the day, the drop in […]
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Number of Forest Fires in Greece Rises Dramatically in 2022
Number of Forest Fires in Greece Rises Dramatically in 2022 Forest fires razed swathes of land in Evia, Greece last year. Credit: Greek Reporter/Konstantinos Balalas There has already been a marked increase in the number of forest fires in Greece in the first three months of 2022, the National Observatory of Athens released on Thursday. […]
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ATHEX: Index rises despite day of mixed trade
ATHEX: Index rises despite day of mixed trade Turnover reverted to lower levels, while Thursday will be the last day of trading ahead of the four-day recess due to the closure of Western markets for Easter. The Athens Exchange (ATHEX) general index closed at 924.20 points, adding 0.31% to Tuesday’s 921.37 points. The large-cap FTSE-25 […]
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Property supply rises, prices fall in Cyprus
Property supply rises, prices fall in Cyprus The increase in the property supply has contributed to a decline in prices in Cyprus in recent months, according to the latest figures reported by the Statistical Service of Cyprus (CyStat) this week. The number of building permits issued by the municipal authorities and the district administration offices […]
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German rises to second place in foreign languages
German rises to second place in foreign languages German appears to be elbowing out French as the second most popular foreign language after English taught in Greek schools. According to the German Language Teachers Union, the ratio of pupils taking German as their second foreign language rose from 20% in 2000 to 49% in 2013-14 […]
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Death toll from Covid-19 hospital ward rises to two
Death toll from Covid-19 hospital ward rises to two A second patient died in a fire Wednesday in the Covid-19 ward of a hospital in the northern city of Thessaloniki, the head of the hospital’s Pulmonary Clinic said Thursday. The second victim is a 52-year-old intubated man who suffered serious burns. The first victim was […]
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