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Confusion over retail reopening puts govt on defensive
PoliticsGreek Politicsand economic relief fronts, necessary for the economy to resume activity. The confused state of affairs... and various sectors of the economy, such as food service and catering, although critics have pointed out
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BoG sees 4.2% recovery in 2021, re-emphasises need for bad bank
EconomyIn the governor’s annual report issued on Tuesday, the Bank of Greece maintains its rather positive stance on the Greek economy, while it highlighted the challenges faced by the country’s banking sector. Despite the heavy economic contraction of 8.2 pct last year, the economy showed resilience
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Mitsotakis defends pandemic handling, denies snap election plans
PoliticsGreek PoliticsAs opposition criticism mounts on all fronts, Prime Minister Kyriakos Mitsotakis has offered a defence of his government’s handling of the pandemic and the economy, while seeking one more time... if the situation had not improved by autumn. On the economy, Mitsotakis said the government would
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Newsletter 293 - 16/04/2021
indicated that self-testing will be extended to the economy as well. Delivery drivers and retail... that the government had failed to look after SMEs, the backbone of the Greek economy, in its Recovery
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FinMin sees favourable macro environment from next year, boosted by RRF
EconomyMacroeconomyat the cabinet meeting on Monday the objectives and policies that will restart the Greek economy..., from 4.8 pct previously. It sees the economy growing by 6.2 pct next year and 4.1 and 4.4 pct
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Govt hopes opening of cafes and bars marks next step in return to normality
PoliticsGreek Politicsof the Greek economy: tourism and food service. Apart from being key employers in their own right..., contributes more than 1.5 billion euros to the national economy. Most of its sales are to bars and restaurants
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Complaints harden as govt lays out content of labour bill
PoliticsGreek Politicsgains for the Greek economy. But scepticism has been expressed about whether, for instance, firms... nimble, flexible and productive economy in the years ahead.
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Summer optimism undermined by uptick in Covid-19 indicators and subdued expectations for tourism
PoliticsGreek PoliticsAuthorities and businesses in Greece are bracing for the effects of the first major steps in reopening the economy to filter through to the epidemiological data and the economy. Daily confirmed infections remain stubbornly above the 2,000 mark this week, with Wednesday’s daily figure coming
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Creditors give thumbs up for 10th post-MoU review, underline pandemic legacy
EconomyProgrammeand the economy return to normality. On the macro front, the Commission reiterates its latest forecasts... this year. Some of the support measures will be gradually withdrawn as the economy moves back towards
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PBO ups growth estimate to 3.6-4.8 pct, warns of complacency and inequality risks
EconomyMacroeconomyFollowing the positive developments in the first quarter of the year, when the economy only shrank by 2.3 pct on an annual basis, in its latest quarterly report the Parliamentary Budget Office.... Other short-term indicators showed significant improvement in May, as the economy re-opened
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