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A sudden turnaround that could lead to sharp shock
Agoraand products, has come to a stop. On March 22, the government announced a complete lockdown that limits everyone’s movements to the bare minimum. The Finance Ministry has announced measures to support.... Investments have dropped to 12 pct of GDP. The trade deficit has almost been eliminated at 0.5 pct of GDP
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Greek government goes digital under lockdown, as more coronavirus clusters emerge
PoliticsGreek PoliticsThe coronavirus crisis has not been entirely without its positives for Greeks, one of which has.... The launch, which was brought forward by two months as part of the emergency measures, has been praised... of the areas which has rapidly gone digital is medical care. Greeks are now able to benefit from
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More fiscal measures, restrictions on movement mulled by govt as it rides high in polls
PoliticsGreek Politicsthey pre-paid, a measure for which the government has set aside 1 billion euros as it tries to boost... in order to prevent the coronavirus spreading is costing the budget 6 billion euros a month. Spending has been increased by 3.5 billion a month and revenues has dropped by 2.5 billion, according to SEV’s
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Parliament re-opens for business amid calls for greater scrutiny
PoliticsGreek Politics” by not introducing measures to allow parliament to convene during the lockdown. Parliament has been holding live sessions with drastically reduced numbers, but has not made use of remote conferencing... to postpone votes on major legislation until parliament has returned in full. Emergency measures
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Economic sentiment, consumer confidence plummet in April as construction takes worse hit
EconomyMacroeconomy, the EEI has worsened by 5.6 points. Additionally, compared to April 2019, the ESI has decreased by 2.7... month-on-month and came to -32.6 in April. Compared to April 2019, consumer confidence has shown... confidence has fallen by 4.7 points. Industry confidence is currently at the lowest it’s been since June
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Poverty declined in 2018, births continued to lag behind deaths
SocietyThe latest report on living conditions in Greece by the Hellenic Statistical Authority (ELSTAT) has.... The number of healthy years for men has risen from 8 years in 2016 , while the rate for women has remained... has been made available, the number of marriages of all types came to 47,428, down by 5.4 percent
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Gloomy preliminary results for Aegean as state support talk gathers pace
EconomyFeaturesGreece’s national airline, Aegean Airlines, has sounded the alarm over its first quarter (Q1.... Gross cash at the end of Q1 came to 465 million. Aegean Airlines noted that it has secured new working.... However, the company has indicated that it will need further state support in the coming months despite
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More flights land at airports, but tourism expectations remain grounded
PoliticsGreek Politicson Wednesday suggests that the government has a strong approval rating overall but that voters... earlier in the pandemic no longer apply even though Athens has signed an agreement with the TUI... satisfied with the government, while the opposition has yet to make its mark. Carried out
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OECD releases new outlook calling for sustained reforms post Covid-19
EconomyThe latest OECD outlook for Greece, made public on Wednesday, has shown that Greece’s economy..., which heralded a slowdown. The OECD noted that while Greece has been successful in containing... years took place in 2019. Following the pandemic, the review of minimum wages due for this year has
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Turkey's Aegean moratorium eases tension as Berlin tries to foster talks
PoliticsForeign PolicyTurkey has decided to suspend for the time being planned research for oil and gas reserves in areas... in an interview with CNN Turk. Kalin reportedly said that Turkey’s President has told his aides to “put... is a positive development for us. The Greek government has always said, and continues to say
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