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EIB investment survey points to diminished investment appetite
EconomyFeaturesuse of digital technologies (32 percent). Employment was expected to see a drop by 15 percent...). At the same time, 62 percent of firms were operating at or above maximum capacity in 2019, up from 53... of internal finance (76 percent) than large firms (61 percent). Bank loans continued to make up
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Govt views pandemic window as opportunity to advance contentious reform agenda
PoliticsGreek Politicson personal savings accounts set up for new employees. The intention is to put the bill to public... it up to existing workers up to 35-years old. Social insurance contributions will remain at 6 pct for workers and employers. The proposals have already come up against strong resistance from
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Flagship pension reform hits snag over transition cost
PoliticsGreek Politics. Actuarial studies have put at 56 billion euros up to 2070 the cost of transitioning to the new scheme..., leading to them to ask Athens to come up with proposals for how this transition to the capitalised system... Democracy, which had been talking up the reform in recent weeks, arguing that it would leave future
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Vaccination politics intensify as Greece races to plug immunity gap
PoliticsGreek Politicsinquiry set up to consider the case to drop the more serious charge of bribery. For New Democracy..., including at the recent anti-labour law rallies, they also mark a scaling-up from the much smaller-scale... hours. Pappas The government, meanwhile, chalked up what it views as another political victory over
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Newsletter 312 - 15/10/2021
in this year’s World Press Freedom Index, which saw Greece drop five places to 70th out of 180... minister.EconomyIMF freshens up forecasts, keeping subdued long-term viewThe International Monetary Fund... the significance of the RRF and the emphasis of the authorities in pushing Greek growth up to levels
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Newsletter 322 - 07/01/2022
and breaking up classes to limit the number of students, but that none of these were adopted. New... budget. The main pandemic relief measures on the revenue side stem from the 3 percentage point drop... will not be impacted severely and by the time Greece’s tourism season moves up the gears in late spring the wave
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Growth in retail sales loses steam as index shrinks by 0.2 pct MoM in Jan
EconomyMacroeconomyand stationary increasing by 16.6 percent. Supermarket sales were up by 5.3 percent and the only... was led by pharma products (+27.6 percent), books by 17.1 percent and supermarkets up by 0.8 percent. Automotive fuel sales volume was up by 17.4 percent. The seasonally adjusted retail sales index
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Across-the-board price hikes bring CPI rise of 10.2 pct in April
EconomyMacroeconomya marginal increase of 0.1 percent and prices have been pushing up since. Greece has not seen... partially offset by a drop of 2.7 percent in communication. Reflecting the impact of the energy crisis, electricity was up 88.8 percent annually and natural gas shot up by 122.6 percent. Heating oil also
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Newsletter 342 - 17/06/2022
PoliticsND lining up more measures to entice votersThe government is preparing to announce a new... lining up several voter-friendly initiatives to be announced in the northern port city. These include..., pushing up the cost of borrowing. In this tumultuous environment, the Greek authorities welcomed
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Inflation at 12 pct in Sep as CPI records highest monthly rise of the year
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) jumped back up in September, rising by 12 percent year-on-year...-on-month the HICP was up by 3 percent. In August, the annual CPI movement was led by a 13.5 percent... in education. These were partially offset by a drop of 2.1 percent in communication. Reflecting
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