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Reuters: Euro zone to link debt relief to sound future Greek policies

Reuters: Euro zone to link debt relief to sound future Greek policies

Euro zone creditors are working on a debt relief offer for Greece that would be an incentive for Athens not to backtrack on reforms from its three international bailouts and to continue to stick to prudent fiscal policy, senior EU officials said.

Greece is to exit its bailout on Aug. 20 and return to market financing

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FinMin Euclid Tsakalotos meets with European officials in Washington

FinMin Euclid Tsakalotos meets with European officials in Washington

Finance Minister Euclid Tsakalotos completed a series of meetings he had with European officials , on the sidelines of the IMF-World Bank Spring Meetings in Washington, DC.

Tsakalotos met separately with EU Finance Commissioner Pierre Moscovici, Eurogroup President Mario Centeno, French Economy Minister Bruno Le Maire

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Workforce Employment Organisation: Registered unemployment down in March

Workforce Employment Organisation: Registered unemployment down in March

The number of registered unemployed people (both those seeking and not-seeking jobs) totaled 1,055,084 in March, down from 1,081,060 in February, the Workforce Employment Organisation (OAED) said in a report released on Friday.

OAED said that the number of unemployed people seeking work totaled 885,766 in March, of

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Minister Pitsiorlas: Ministerial decisions on Hellinikon ready by October

Minister Pitsiorlas: Ministerial decisions on Hellinikon ready by October

Deputy Economy and Development Minister Stergios Pitsiorlas expects the ministerial decisions regarding the construction of the Hellinikon project to be issued by October, he said on Friday.

“On the Hellinikon project we are reaching the end,” he told parliament, adding that the governnment is at the stage of issuing jo

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Bank of Greece: Greek current account deficit up in January – February

Bank of Greece: Greek current account deficit up in January – February

The Greek current account balance deteriorated in the first two months of the year, with the deficit totaling 1.9 billion euros, up 509 million from the deficit in the same period in 2017, the Bank of Greece said on Friday.

The central bank, in a report, attributed this development primarily to an increase in the

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Energy Minister Stathakis on agreement for sale of 66% stake in DESFA

Energy Minister Stathakis on agreement for sale of 66% stake in DESFA

The agreement to sell a 66% stake in Hellenic Gas Transmission System Operator SA (DESFA) to a Snam-led consortium “is a strategic agreement that positions DESFA in the group of strong companies in Europe, defending and strengthening the public interest,” Environment and Energy Minister George Stathakis said on Thu

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Lagarde: IMF committed to continuing support of Greece after fiscal program ends

Lagarde: IMF committed to continuing support of Greece after fiscal program ends

The International Monetary Fund (IMF) is committed to continuing its support of Greece after the end of the fiscal program in August, but there is work that the country still needs to do, especially in structural reforms, IMF Managing Director Christine Lagarde said on Thursday.

At a press conference during the fund’s a

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Foreign Ministry, Athens bourse work on promoting Greek businesses

Foreign Ministry, Athens bourse work on promoting Greek businesses

The Foreign Ministry and the Athens Stock Exchange have signed an agreement to work together jointly promoting Greek businesses abroad and attracting international partners.

The agreement aims at taking initiatives and developing steps that will boost the ecosystem of Greek companies, take advantage of networks among

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Greece has a big investment gap, PwC survey says

Greece has a big investment gap, PwC survey says

Greece has a big investment gap which has a negative impact on competitiveness and growth, a survey by PriceWaterhouseCoopers (PwC) said on Thursday.

The survey, titled “From Recession to Recovery: Policies to facilitate investments,” showed that in the period 2009-2016 investments as a percentage of GDP diverged from European average levels, cre

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Greek stocks extended their rally for the sixth successive session

Greek stocks extended their rally for the sixth successive session

Greek stocks extended their rally for the sixth successive session in the Athens Stock Exchange on Thursday, pushing the general index of the market closer to the 850-point level. The index rose 0.76 pct to end at 848.71 points, for a gain of 6.18 pct in the last six sessions. Buying activity expanded from bank shares

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Economy Minister Dragasakis rules out new memorandum or credit line

Economy Minister Dragasakis rules out new memorandum or credit line

There will be no extension of the Greek financial assistance programme when this ends in August, nor any precautionary credit line, Economy and Development Minister Yiannis Dragasakis said on Thursday.

“There is no thought of extending the programme. This ends in August and we are talking about ending it sooner, in J

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Greek industrial turnover index up 3.1 pct in February

Greek industrial turnover index up 3.1 pct in February

The Greek industrial turnover composite index (measuring both the domestic and external markets) grew 3.1 pct in February this year compared with the same month last year, after a 21.5 pct increase recorded in the 2017/2016 period, Hellenic Statistical Authority said on Thursday.

The statistics service, in a monthly

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Greek merchant shipping fleet up in numbers, down in capacity

Greek merchant shipping fleet up in numbers, down in capacity

The Greek merchant shipping fleet grew in numbers but fell in capacity in February. The Greek fleet grew 0.7 pct in February to 1,855 ships, compared with the same month last year, after a 0.2 pct decline recorded in the 2017/2016 period.

Total capacity of the Greek merchant shipping fleet fell 2.4 pct in February,

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Critical talks on Greek debt relief on the sidelines of IMF-WB summit

Critical talks on Greek debt relief on the sidelines of IMF-WB summit

Brussels and Athens are now turning their attention to Washington, where critical discussions on Greek debt relief will be held on the sidelines of the spring International Monetary Fund and World Bank Spring Meeting.

According to Athens-Macedonian News Agency’s sources, the Europeans welcomed the IMF’s estimates for

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No decision on tax-free allowance before June, IMF spokesman says

No decision on tax-free allowance before June, IMF spokesman says

The International Monetary Fund (IMF) will wait until June before making decisions on the next step regarding the tax-free income allowance in Greece, an IMF spokesman said here on Wednesday.

IMF sources, in statements to ANA, said the upward revision of primary surplus forecasts by the fund was a positive development

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Greek stocks extended their rally for the fifth successive session in the ASE

Greek stocks extended their rally for the fifth successive session in the ASE

Greek stocks extended their rally for the fifth successive session in the Athens Stock Exchange on Wednesday, pushing the general index above the 840-point resistance level. The index is up 5.38 pct in the last five sessions. Traders said market sentiment remained positive and buying interest remained focused on bank

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