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First LNG cargo from US to be unloaded at Revythoussa on Dec.29

First LNG cargo from US to be unloaded at Revythoussa on Dec.29

A cargo of liquified natural gas (LNG) from the United States will be unloaded before the end of the year at the new reservoir on the islet of Revythoussa, between the mainland and Salamina island, which began operating recently.

According to an announcement, this is the first LNG cargo imported from the US to Greece,

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Panhellenic Exporters Association: Greek exports up 24 pct in October

Panhellenic Exporters Association: Greek exports up 24 pct in October

«Greek exports made a strong performance early in the fourth quarter of the year, rising by 24 pct in October. A rising trend of Greek exports throughout the year creates optimism over achieving a new export record, although on the other hand, an increase in imports is a cause of concern and brings back to focus the need to support domestic

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Insurance corporations assets slightly down in Q3, BoG report says

Insurance corporations assets slightly down in Q3, BoG report says

Insurance corporations total assets stood at 17.042 billion euros in the third quarter of 2018, from 17.071 billion in the previous quarter, the Bank of Greece said on Friday.

The central bank, in a report, said that the overall deposits of insurance corporations decreased by 132 million euros, compared to the previous

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Labour Minister Achtsioglou attends OECD-French gov’t forum in Paris

Labour Minister Achtsioglou attends OECD-French gov’t forum in Paris

The current Greek government reduced the undocumented labour rate from 20% to 12% and unemployment from 26.5% to 18.9% in 3.5 years, Greek Labour Minister Efi Achtsioglou said on Tuesday at an OECD-French government event she attended on employment strategies in Paris.

She was addressing the High-Level Policy Forum on

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HCAP lists three conditions for attracting investments in state companies

HCAP lists three conditions for attracting investments in state companies

Hellenic Corporation of Assets and Participations S.A. CEO Ms. Rania Ekaterinari, on Tuesday presented three conditions that state-owned companies must meet in order attract investments.

Addressing a conference organised by the American-Hellenic Chamber of Commerce, Ekaterinari stressed the need for credibility in the

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Bank of Greece: Loan/deposit interest rate spread down in October

Bank of Greece: Loan/deposit interest rate spread down in October

The interest rate spread between loan and deposit rates increased to 4.70 percentage points in October, as the overall weighted average interest rate on new deposits remained almost unchanged, while the interest rate on new loans increased, the Bank of Greece said on Tuesday.

The central bank, in a monthly report, said

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Greek economy improving in last three years, IOBE head says

Greek economy improving in last three years, IOBE head says

Greece managed to reverse a decline in industrial production, exports and employment in the last three years, Nikos Vettas, head of the Foundation for Economic and Industrial Research (IOBE) said on Tuesday.

Addressing a conference organised by the American-Hellenic Chamber of Commerce, Vettas underlined, however, that

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Greece to suspend implementation of capital tax on real estate transactions

Greece to suspend implementation of capital tax on real estate transactions

The Greek government will suspend the implementation of a 15 pct capital tax on real estate property transactions, sources told ANA on Tuesday.

The sources said that the government was expected to table an amendment to Parliament that suspends the implementation of a capital tax on real estate property transactions by

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Hellenic Statistical Authority: Greek economy grew by 2.2 pct in the third quarter

Hellenic Statistical Authority: Greek economy grew by 2.2 pct in the third quarter

The Greek economy grew by 2.2 pct in the third quarter of 2018, extending its growth course for the sixth successive quarter, Hellenic Statistical Authority said on Tuesday.

The statistics service, in a report, attributed the 2.2 pct growth of the country’s Gross Domestic Product (GDP), compared with the same period l

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European Commissioner Pierre Moscovici: Greece has returned to normality

European Commissioner Pierre Moscovici: Greece has returned to normality

Pension cuts were neither legal nor necessary in Greece, European Commissioner for Economic and Financial Affairs Pierre Moscovici said on Tuesday, stressing that Greece has returned to normality.

“We believe that Greece will achieve the primary surplus target of 3.5 pct of GDP,” he noted, adding that the Greek gov

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Pension reductions to be revoked on permanent basis, eurozone official tells DW

Pension reductions to be revoked on permanent basis, eurozone official tells DW

Monday’s Eurogroup is expected to approve the Greek fiscal budget for 2019, according to a high-level eurozone official quoted by Deutsche Welle (DW) on Friday.

The budget does not include a cut in pensions scheduled to kick in on January 1, 2019, and uses part of the surplus of this year’s expected primary budget to s

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FinMin Tsakalotos: We have an opportunity to change Greece

FinMin Tsakalotos: We have an opportunity to change Greece

“We have an opportunity to change Greece” said Finance Minister Euclid Tsakalotos at a SYRIZA event at the Congress Hall Germanos at TIF in Thessaloniki on Saturday.

Tsakalotos said that for the first time, after many years, the budget instead of taking it gives to the economy and reduces the austerity and the same is

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Achtsioglou: Government is “working intensely” to increase minimun wage by January

Achtsioglou: Government is “working intensely” to increase minimun wage by January

The government is “working intensely” to achieve a hike in the basic wage by January, Labour, Social Insurance and Social Solidarity Minister Efi Achtsioglou announced during an interview with ERT3 public broadcaster on Friday.

She went on to present a series of employment programs the government is launching jointly

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Plastic shopping bag fee to rise to 0.09 euros as of Jan. 1

Plastic shopping bag fee to rise to 0.09 euros as of Jan. 1

The charge on plastic shopping bags will rise to 0.09 euros, from 0.04 currently, as of January 1, 2019, following a decision of the Greek parliament’s plenary session on Friday.

Speaking to national broadcaster ERT1 the same day, Alternate Environment and Energy Minister Sokratis Famellos said that the revenues from

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Hellenic Statistical Authority: Retail sales volume up 3.3 pct in September

Hellenic Statistical Authority: Retail sales volume up 3.3 pct in September

The volume of sales in retail commerce grew 3.3 pct in September this year, compared with the same period in 2017, Hellenic Statistical Authority said on Friday.

The statistics service, in a monthly report, attributed this development to a 5.9 pct increase in the sales of supermarkets, 4.7 pct in clothing/footwear, 3.9

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Greece now has more freedom to solve its problems, Dragasakis says

Greece now has more freedom to solve its problems, Dragasakis says

“In 2015, when we won the elections, Greece had a memorandum, recession and unsustainable debt,’ government Vice President and Economy and Development Minister Yiannis Dragasakis said in a conference held at the Athens Concert Hall.

“However, Greece has now exited the memoranda and returned to growth,” he added.

Moreover

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