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Mitsotakis tries to dig way out of snowstorm fallout
PoliticsGreek PoliticsThe government is mounting an operational and communications effort to counter the growing criticism it is receiving for the apparent lack of preparedness in meeting the Elpida (Hope) snowstorm that reached Athens on Monday and left numerous problems in...
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Enhanced support package on way to combat inflation, as govt awaits crucial nod from EU
PoliticsGreek PoliticsDetails are emerging of the government’s plans for further economic support measures to cushion the effects of the war in Ukraine on inflation. With the cost set to balloon over the coming weeks, the stance adopted by the EU will be crucial in determini...
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Authorities say no new measures on the way despite surge in Covid-19 cases
PoliticsGreek PoliticsHealth Minister Thanos Plevris has dismissed the prospect of a return of Covid-19 measures after a rapid rise in infections and hospitalisations in recent weeks put Greece on course for a sixth wave of the pandemic. On Tuesday, the number of new infecti...
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ND paves way to spring elections with relief measures amid SYRIZA objections
PoliticsGreek PoliticsNew Democracy’s approach to dealing with the cost-of-living crisis continues to be questioned by the opposition. Wednesday’s vote over the latest measure, the so-called “Market Pass”, saw SYRIZA accusing the conservatives of duping the public and favour...
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Waiters and hospitality jobs lead way as hiring balance improves YoY in June
EconomyMacroeconomyGreece’s employment balance in June was positive by 28,761 more hires than departures, according to data from the Labour Ministry’s Ergani information system. The hiring balance in June last year was 19,113 more hires, suggesting an improvement of 9,648...
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Government paves way for major U-turn on migration as opposition warns of interference in regulators
PoliticsGreek PoliticsMeasures to manage migration, including a major regularisation programme, have been mooted by Greek government officials this week in what could turn out to be major policy reversal for the Mitsotakis administration. Ministers are linking the changes to...
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Budget continues to outperform in Oct, paving way for 350 mln Christmas handout
EconomyMacroeconomyThe budget primary balance came to a surplus of 6.08 billion euros in October, compared to a deficit of 350 million euros in the same period of 2022, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Wednesday....
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Mitsotakis picks way through Feb challenges with support for farmers, fixity on universities
PoliticsGreek PoliticsThe honeymoon period for New Democracy’s second term appears to be over, with PM Kyriakos juggling a variety of challenges ranging from farmer and student protests to discontent within his own party over his espousal of centrist policies. In a televised...
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Corporations lead way as deposits rise by 303 mln in May
EconomyMacroeconomyThe net private sector deposits in the Greek banking system slowed in May with a rise of 303 million euros, after a 384-million-euro rise in April, based on the latest Bank of Greece (BoG) figures released on Thursday. The annual growth in May was 2.5 p...
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Industrial Production grows 10.6 pct in Jul as electricity and manufacturing lead way
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) grew in July by 10.6 percent year-on-year (YoY), after a 9.9 percent increase in the previous month, according to Hellenic Statistical Authority (ELSTAT) data released on Tuesday. The index now has just one neg...
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