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MoF to announce measures for safeguarding businesses impacted by COVID19
Economybe put to use to compose a picture of the virus’s overall impact once the outbreak subsides... 400 percent in customers shopping online rather than visiting stores, with a significant increase... dropped by 34 percent, and more than 12 billion euros have been lost from total market
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Government readies up to 2 bln in assistance for shuttered firms and employees
Economy, Staikouras said. But he added that more measures would be put together in the future, according... that growth, which the government expected to reach 2.8 pct this year (higher than the European Commission’s forecast of 2.3 pct), could be up to 0.9 percentage points lower than anticipated. In its
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Newsletter 245 -27/03/2020
in the economic support package it has put together, noting that other countries have committed 10-15 pct... the use of scarce equipment rather than protect frontline workers’ health. Similar concerns were... of respondents said that they were receiving significantly less orders than before. For all sectors reporting
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Govt trails transition out of lockdown as training vouchers stir controversy
PoliticsGreek Politicsstrict quarantine. Meanwhile, the government has put together a special task force focussing on ways... less extensive than in most developed countries, as capturing “the tip of the iceberg” of the infection... of short-changing professionals with vouchers rather than including them in the 800-euro emergency income
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As plan to ease lockdown progresses, politics turns to non-coronavirus issues
PoliticsGreek Politicsis returning to Greek politics, with issues other than Covid-19 now being addressed. In an interview... reforms and the privatisation plan have been put on hold due to the virus, while Prime Minister... to satisfying big business than looking after workers. In fact, in an interview with online news
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Survey sheds light on sentiments in lockdown, as govt backpedals on voucher scheme
PoliticsGreek Politics-learning for children. More than 8 in 10 believe that the digital revolution will accelerate...). More than half of respondents said that their finances have already been affected by lockdown... nonsensical translations and garbled sentences suggesting that the materials had been hastily put together
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Lockdown reduced spread of Covid-19 by 80 pct, research indicates
Societythat at the point before any measures were put in place, Greece’s basic reproduction number, or R0 number... than the baseline by only 5 percent. Visits to workplaces were 19 percent lower than the baseline
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OECD sees economy shrinking by 8 to 9.8 pct, depending on whether virus returns
EconomyMacroeconomyare expected to be less severe than the crisis period of 2009-2016. Specifically, the organisation noted... scenarios, unemployment is forecast as increasing further in 2021 rather than reducing, and reaching... and firms’ liquidity put in place this year should be continued as needed. The ECB’s decision to include
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R&D and innovation remain low in Greece, OECD finds
EconomyFeaturesand improvements in financing for firms. Although R&D spending has increased, it is still lower than most OECD... than scientific activities. Regarding barriers to innovation, firms most often report that they have... and Development and a National Research and Innovation Strategy for Smart Specialization were put together
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Banks remain largely profitable in Q2, with focus on NPL reductions
EconomyBankingof existing loans. According to eauctions.gr, around 320 properties were put up for auction last Wednesday. with the main interest coming from banks rather than private individuals. Of the total, 150 auctions... with no debt concentrated at more than 90 percent to a single creditor. Kathimerini reports that banks
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