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Newsletter 237 -31/01/2020
drop in the approval rating, to 30 percent, over the Macedonia name issue, but the area in which.... The government has also come up against complaints from local authorities and residents in mainland... of the post-programme monitoring. The institutions would also like the pace of auctions to pick up
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Bumper year for business launches in 2019, according to registry
EconomyFeaturesnegative for each year except for 2016, when a 26.4 percent increase was noted. The largest drop... in 2017 and has picked up pace ever since, hinting at the positive sentiment that business owners feel..., three procedures across four days were involved in the process of setting up a company in Greece
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Greece prepares more measures to support economy after Eurogroup relaxes fiscal restrictions
EconomyProgrammeThe government is lining up a new set of economic measures to help businesses struggling due... resulting from the drop in economic activity will not affect compliance with the applicable fiscal rules... legislative changes. The European Investment Bank is also looking to make up to 40 billion euros
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Poverty declined in 2018, births continued to lag behind deaths
Societybeen married for 10 or more years made up the majority of divorces at 68 percent. The majority... ownership of houses edged up to 64.4 percent in 2018 from 63.9 percent in 2017. The next largest... to 210,272 in 2018, recording a drop of 5 percent compared to 2017. Serious felonies rose by 2.2
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PM declares tourism season open, rules out new lockdown
PoliticsGreek Politicsto that ratio, we can gradually start to open up the country,” he said. Speaking to Skai TV, Mitsotakis looked... drop by less than most experts believe (a reduction of more than 50 pct is expected by most.... The government will also be forced to come up with more, tourism-specific, support measures later
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PM wants no strings attached to EU funds as ND juggles with public finances
PoliticsGreek Politics. As these interventions pile up, the projections for Greece’s public finances are being erased and re... package is mostly driven by the reduction in the tax advance, which will drop from 2.4 billion euros... lower than in April, which SYRIZA has edged up by a meagre 0.2 points. This may indicate that some
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Fitch keeps rating at 'BB', sees GDP contraction of 7.9 pct in 2020
Economy, the total deficit is seen at 7.8 pct of GDP, on the back of 6 pct of GDP fiscal measures to prop up... the central bank waived the minimum rating requirement, could see up to 27 billion euros of debt purchased... the efforts to drop it by a quarter since the peak. Fitch also expects the pandemic to delay the plans
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Public's disenchantment grows as ND struggles with Covid-19 challenge
PoliticsGreek Politicsthen, support for SYRIZA has inched up by 0.7 points, while ND has shed 0.2 points. Beneath the headline... from 23 pct to 38 pct in that time. There has been an equivalent drop in the prime minister’s... the last few months, voters’ negative view of SYRIZA has also been on the rise, up from 61 pct in April
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Growing concerns over second lockdown in food service sector, a key employer
EconomyFeatureslooking more disruptive than the first, the more adverse scenario of a GDP contraction of up to 10... to suspend operations will receive a VAT holiday up to April 30, 2021 for amounts payable in November... of bankruptcy after seeing revenues drop by around 70 percent this year. The industry is the largest employer
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NBG results show net profits of 602 mln euros in 9M
EconomyBankingby the end of the year. The bank noted that new defaults remain low, as the drop in economic... and commission income came to 188 million in 9M, up by 2 percent YoY. On a quarterly basis, the figure rose by 13... top up of 3 million in the quarter. Adjusting for 429 million of Covid19 provisions incurred in 9M
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