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PM pledges handouts amid discontent and gripes over coronavirus strategy
PoliticsGreek Politicsreached 310. Mitsotakis’s chief of staff, Akis Sketsos, indicated that the government will monitor
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Athens buoyed by content, mood of Mitsotakis trip to Washington
PoliticsForeign Policythe world's longest submarine power cable (310 kilometres (190 mi) from Israel to Cyprus and 898
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Greek labour market recorded in 2015 second highest net hirings since 2001
EconomyMacroeconomyNet hirings stood at 7,826 in December, which is the second positive reading for this month since 2001, the Labour Ministry’s information system (Ergani) showed on Tuesday. Ergani was launched in March 2013 and registers in real time the employment flow...
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Wise men proposals on labour market reforms give Ministry bargaining basis with lenders
EconomyProgrammeThe Labour Ministry published on Friday the recommendations of the international committee of experts’ report on labour issues. These include the committee’s conclusions on trade unions, mass layoffs, minimum wage and collective bargaining. On the issue...
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Amid market turbulence, Greece searches for scheme to help banks reduce bad loans
EconomyBankingFollowing weeks of uncertainty and pressure on the banking sector, which climaxed in a big drop in bank share prices on Wednesday, there have been reports of efforts to provide the Greek lenders with assistance. The Greek authorities along with Bank of ...
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Part-time work and low earnings overlie crisis-pounded labour market
SocietyThe General Confederation of Greek Labor (GSEE) has revealed that 72.8 percent of Greek workers make under 1,000 euros per month net. The statistic appeared in the GSEE’s intermediate report on the Greek economy, which highlighted recent macroeconomic d...
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Athens gearing up for new bond issue amid favourable market conditions
EconomyProgrammeGreek authorities appear to be working in parallel on the two goals Athens has set following the completion of the second post-programme review: To issue another sovereign bond and to pay off some of Greece’s debt to the International Monetary Fund befo...
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Labour market on mend as March unemployment rate eases to 12.2 pct
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate dropped marginally to 12.2 percent in March, from a slightly downward revised 12.7 percent in February, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday. In the same month last year, th...
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Q2 unemployment drops to 12.4 pct, reflecting seasonality in job market
EconomyMacroeconomyGreece’s non-seasonally adjusted quarterly unemployment rate resumed a downward path in Q2 this year, falling to 12.4 percent, from 13.8 percent in Q1, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday. The jobless rate dropped by 3.4 p...
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Car market growth slows to 4.9 pct for 9M, from 23.1 pct last year
EconomyMacroeconomyThe rise in road motor vehicles going into circulation for the first time slowed down in September, rising by 4.7 percent year-on-year (YoY), from 19.1 percent in August, according to Hellenic Statistical Authority (ELSTAT) data released on Tuesday. In ...
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