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Another big drop for building activity, which fell by 35.3 pct in January
EconomyMacroeconomyactivity sector has been one of the most prominent in the Greek economy during the crisis. The number... of credit contraction in the housing sector has been hovering between 3.1 and 3.7 percent... credit expansion is hiking non-performing loans ratio, which has soared to 25.8 percent at the end
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Foreign policy emerges as potential point of friction between EU and new Greek government
PoliticsForeign Policyof the co-founders of the Pratto (I Act) think tank, which favours Greece being free of “foreign oversight... foreign ministers to adopt further measures against Russia when they meet on Thursday. Athens said it had
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ECJ decision on PPC’s lignite exploitation rights and future investments
Legalin Florina (namely “Meliti II”), which is to form, along with the company “Meliti I” and its lignite...The recent decision of the European Court of Justice (ECJ) to reject the appeal by the Public Power Corporation against the Commission decision providing for measures necessary to restore competition
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Remaining fiscal space could be squeezed for more cost-of-living measures as tension grows
PoliticsGreek Politicsadministration might use what limited fiscal space remains. The government has already announced... in Brussels, Greece has already allocated over the last 10 months 6.7 billion euros, or 3.7 pct of its GDP.... This belief has been strengthened by the series of trips that Prime Minister Kyriakos Mitsotakis, who
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An issue of statistical significance in Greece
Agora-employee of the Hellenic Statistical Authority (ELSTAT), Zoe Georganta, has accused him of colluding... economy has suffered for decades. The events of 2009 should be looked at with a critical eye so Greeks... for 2009 had been 3.9 percent of GDP, as Georganta has recently claimed, then events would certainly have
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Authorities say no new measures on the way despite surge in Covid-19 cases
PoliticsGreek PoliticsHealth Minister Thanos Plevris has dismissed the prospect of a return of Covid-19 measures after... Organisation (EODY) has also increased to 1.35 from 1.32 last week, and under 0.9 a month previously. According to official figures, there has also been an increase in the positivity rate of tests to 12 pct
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Price hikes pose fresh challenge for government
PoliticsGreek Politicsto come up with answers to rising prices. For some months, the local media has been trailing.... However, over the past couple of weeks the sceptre of inflation has started to cast a shadow over... concern in the government ranks that this could lead to voter unrest. Naturally, the opposition has
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Opposition clashes with govt over high energy prices, cost-of-living measures
PoliticsGreek Politicseuros/MWh in France and 299 euros/MWh in the UK. Greece has not benefitted from the recent drop... the perception of economic competence which has kept the party ahead of its rivals on the road... replaces Nassos Iliopoulos, who has been selected to run for a seat in Parliament. The choice
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SYRIZA leadership contest off to slow start, as ND rushes to contain political damage from fires
PoliticsGreek Politicsis approved on September 2. The party has been numbed by the results of the June elections, which..., former labour minister Efi Achtsioglou, has been profiled extensively in the media since she formally... for key posts in the local and regional elections scheduled for October. The party has called
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Failure to agree on contingent measures causes further delay in conclusion of review
PoliticsGreek Politicsmonitoring this process and being involved in the proposal of measures has been suggested as well. However... that the conclusion of the review has been put off for now, with the only other possibilities... 24. The Greek government has not taken well to its proposal for a corrective fiscal mechanism
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