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Govt tries to fend off claims of disarray in Covid-19 reporting, coordination
PoliticsGreek PoliticsThe government is under intense pressure over its handling of the Covid-19 crisis after media reports over the weekend suggested that there had been serious faults in the way the National Health Organisation (EODY) handled data, based on which experts w...
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Budget primary deficit at 8.14 bln by end-May, almost 1 bln off target
EconomyMacroeconomyThe budget primary balance was confirmed at a deficit of 8.14 billion euros in the first five months of the year, compared to a deficit of 4.84 billion in the same period of 2020, the final Finance Ministry (MoF) budget execution bulletin for May showed...
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New Covid measures readied as doubts about key cabinet choices rub off on PM
PoliticsGreek PoliticsThe first opinion poll to be published since the recent cabinet reshuffle provides the first indication that Prime Minister Kyriakos Mitsotakis’s personal popularity has taken a direct hit for government decisions. For the first time since April 2020, t...
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Economic sentiment drops off in Sept as consumer confidence falls for fourth month
EconomyMacroeconomyFollowing a series of rises, Greece’s economic sentiment (ESI) dropped in September by 3.3 points month-on-month to 109.7 points, from a rise of 1.8 points in August, according to European Commission figures released on Wednesday. Economic sentiment had...
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Quarterly unemployment rises to 13.8 pct in Q1, reflecting off season for tourism
EconomyMacroeconomyGreece’s non-seasonally adjusted quarterly unemployment rate maintained an upward trajectory in the first quarter of the year, rising to 13.8 percent, from 13.2 percent in Q4 2021, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday. The ...
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Electricity price shock, pressure on phone-tapping take shine off surveillance exit
PoliticsGreek Politicsinto the autumn, as it tries to structure its last economic package en route to the next elections
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Business transformation paying off as Eurobank records 932.3 mln profit in 9M
EconomyBankingEurobank posted an adjusted net income of 932.3 million euros in the nine months of 2022 (9M), compared to a profit of 297.5 million euros last year. Core pre-provision income (PPI) rose by 17.7 percent year-on-year (YoY) in 9M to 794.6 million euros, w...
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Budget starts year where it left off in 2022, beating target by 618 mln in Jan
EconomyMacroeconomyThe budget primary balance in January this year came to a surplus of 2.77 billion euros, compared to a surplus of 15 million euros in the same month of 2022, according to the preliminary Finance Ministry (MoF) budget execution data released on Thursday....
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Consumer confidence takes off in May as rest of sectors deliver mixed data
EconomyMacroeconomyGreece’s economic sentiment (ESI) recorded a minor drop of 0.6 points in May, falling to 108.1 points, after rising by 1.9 points in April, according to European Commission figures released on Tuesday. Sentiment has been improving in five of the last se...
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SYRIZA leadership contest off to slow start, as ND rushes to contain political damage from fires
PoliticsGreek PoliticsThe contest to succeed Alexis Tsipras at the helm of SYRIZA looks set to gather momentum with the launch of a campaign aimed to generate engagement in view of the September leadership elections. Leadership hopefuls have been sketching out their visions ...
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