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Economic sentiment at 88.5 in May, consumer confidence begins to stabilise
EconomyMacroeconomyhas worsened by 16.7 points. Additionally, compared to May 2019, the ESI has decreased by 13.9 points. The EU average ESI stood at 66.7 points for the month. The index has now fallen to the lowest... month-on-month and came to -33 in May. Compared to May 2019, consumer confidence has shown
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Refugee housing deadline puts spotlight back on migration policy
PoliticsGreek Politics. The households in question are former asylum seekers whose refugee status has been confirmed and who have been... in reception centres. The Migration Policy Ministry has made it known that the refugees must leave... deadline has also created tensions within the governing party. In a meeting which took place earlier
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Covid-19 lockdown, slump suppress electricity demand and edge out lignite
EconomyFeaturesfell at a slower rate of -6.9 percent. More striking still has been the effect of falling demand... to the Greek electricity has been hovering around 30 percent in recent years, from 70 percent in the early... that has increased further in recent years due to high price of carbon permits. When demand is low
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Parties jostle over economic data, public still backs ND approach on pandemic
PoliticsGreek PoliticsThe publication of preliminary GDP data for the first quarter of the year has sparked a war... poll published on Thursday suggests that New Democracy still has a large lead over SYRIZA and continues... of the pandemic. The opposition party has argued since March that New Democracy is not being bold
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Tsipras struggles to revive and repackage SYRIZA
PoliticsGreek Politicsof voters, has not yet materialised for SYRIZA. Opinion polls continue to show the left-wing party.... Although the honeymoon period has ended for Kyriakos Mitsotakis, with his government facing resistance... in which Greek authorities handled the public health challenge posed by Covid-19 has earned the prime
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Visit to Cairo underlines Greek aims to reach maritime deal with Egypt
PoliticsForeign Policy, the Greek foreign minister was also received by Egypt’s president, Abdel Fattah el-Sisi. Greece has been..., Egypt has kept the same negotiating team since then. Both sides have different approaches... to explain to the Egyptian political class and the country’s citizens the problems that Turkey has been
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EU deal appears promising for Greece, but success rides on efficient use of funds
PoliticsGreek PoliticsPrime Minister Kyriakos Mitsotakis has applauded the compromise reached in Brussels over... euros, of which Greece could receive more than 70 billion. “Europe has risen to the occasion, and we... that will outline their reform and investment policies for the 2021-23 period. The government has
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Clash over refugees in central Athens prompts warnings of far-right resurgence
PoliticsGreek PoliticsThe controversial removal of refugees from temporary accommodation has caused tensions... and the governing New Democracy party has led to renewed criticism of the government’s treatment of refugees..., which has historically served as a meeting point for recent arrivals in the country. Earlier in July
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School re-opening decisions postponed amid opposition criticism
PoliticsGreek Politicshas become the latest challenge for the government in Athens. On Monday, Education Minister Niki...” if the circumstances are not right. The final decision on the date has been postponed to September 1. Kerameus appealed.... The decision to reopen schools and under what conditions has attracted a great deal of debate
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Banks remain largely profitable in Q2, with focus on NPL reductions
EconomyBankingretaining five percent itself. The bank has applied for the inclusion of the senior notes from Project... banking system. Since the end of 2018, NPE stock has fallen by 10.5 billion euros to stand at 6.2... securitisation has around 43,000 real estate properties underlying collateral. The portfolio
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