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  1. Public investment under spotlight amid arguments over budget execution
    Photo by MacroPolis

    EconomyMacroeconomy

    of the spending under-execution came from a lower investment spend of 1.12 billion euros, 808 million of which... of lower spending came from the state’s operational expenses and subsidies, which came to 820 million

    5%

  2. Fitch raises Greece to 'BB,' two notches from investment grade, sees growth at 2.5 pct in 2020
    Photo by Panayotis Tzamaros/Fosphotos

    Economy

    and to be reduced to 2.5 percent next year, following the new government’s drive to agree lower targets with its..., following an expected 2.2 percent rise in 2019, assisted pent-up investment demand, lower

    5%

  3. Alpha Bank posts net profits of 97.1 mln in 2019
    Photo by MacroPolis

    EconomyBanking

    disbursements at the end of Q3, lower wholesale funding costs and increased income from investments which... and commission income fell by 2.6 percent in Q4 to 93 million euros, mainly driven by the lower contribution

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  4. Greek families burdened by high tax rates
    Photo by Panagiotis Tzamaros/Fosphotos

    Society

    results, the Tax Foundation noted that a higher tax burden on labour generally leads to lower employment and lower wages. “This is important for policy makers in Greece, as they are looking for ways

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  5. Budget primary balance dips to deficit of 1.51 bln in April on Covid-19 measures
    Photo by Manolis Tsafos/Fosphotos

    EconomyMacroeconomy

    . Revenues On a monthly basis, net revenues came to 3.01 billion euros, 1.18 billion euros lower than.... State budget total revenues stood at 15.44 billion euros, lower than the target by 1.24 billion or 7.4

    5%

  6. EU funds seen as cushioning Covid-19 impact, giving govt fiscal space
    Photo by Angelos Christofilopoulos/Fosphotos

    PoliticsGreek Politics

    this latest step and government pledges to support hoteliers and other businesses affected by lower... by lower revenues and social security contributions this year as a result of the reduction in economic

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  7. Piraeus Bank posts net loss of 232 mln in Q1 due to Covid-19 impact
    Image via www.piraeusbankgroup.com

    EconomyBanking

    (NII) in Q1 reached 360 million, flat year-on-year (YoY) and up by 1 percent lower quarter... at the end of Q4 2019. This stemmed from the bank’s decision to take advantage of lower Eurosystem funding

    5%

  8. PMI rises to 49.4 points in June as manufacturing resumes
    Image via www.mytilineos.gr

    EconomyMacroeconomy

    , but this was at drastically lower rates than that seen at the start of the year. New export orders also fell marginally... strengthening, the degree of confidence was below levels seen earlier in 2020. Lower demand for inputs and weak

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  9. New study shows Greek population more than halving by 2100
    Photo by Panayotis Tzamaros/Fosphotos

    Society

    rate lower than the replacement level of 2.1 and over, and 183 were forecast to have a total fertility rate lower than replacement by 2100. The main conclusion of the Lancet study on a global basis

    5%

  10. R&D and innovation remain low in Greece, OECD finds
    Photo via http://www.oecd.org/

    EconomyFeatures

    The OECD 2020 report on Greece highlights a persisiting lack of R&D and innovation in the economy and lower productivity compared to other countries. As the OECD notes, innovation is the cornerstone... and improvements in financing for firms. Although R&D spending has increased, it is still lower than most OECD

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