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Authorities aim to collect up to 11 bln after strong uptake in overdue tax scheme
EconomyThe scheme to allow taxpayers to settle their debts in 120 instalments attracted over 1.2 million applications, the government said. The scheme closed on October 7 and is expected to add extra revenue to state coffers. The deadline for the closing of th...
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ND looks to asylum bill, strong rhetoric to ease pressure from migration flows
PoliticsGreek PoliticsMPs have begun debating the government’s proposal for an overhaul of Greece’s asylum laws, which New Democracy sees as an important step towards facilitating the return of arrivals who are not eligible for protection and thereby easing the pressure on G...
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New president receives strong endorsement, hints at areas of interest
PoliticsGreek PoliticsSenior judge Katerina Sakellaropoulou was elected Greece's new, and first female, president on Wednesday by the vast majority of the country’s MPs, vindicating Prime Minister Kyriakos Mitsotakis’s choice, but also justifying SYRIZA leader Alexis Tsipras...
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Economic sentiment at 113.2 in Feb, strong improvement in services and retail
EconomyMacroeconomyGreece’s economic sentiment (ESI) rose by 3.7 points in February to reach 113.2 points, European Commission (EC) figures showed on Thursday. The EC noted that the ESI figures have been historically revised due to the inclusion of a new component in the ...
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ND mulls next stage of lockdown easing as support remains strong despite some grumbles
PoliticsGreek PoliticsThe government is gearing up for the next stages of the loosening of the lockdown measures, hoping that it will continue to maintain the support of the Greek public, which is still high according to a new opinion poll. Although the next relaxation of re...
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GDP shows strong recovery from lockdowns with 3.4 pct growth QoQ in Q2
EconomyMacroeconomyGreece’s seasonally adjusted (SA) GDP rose by 3.4 percent quarter-on-quarter (QoQ) in the second (Q2) quarter of the year, from a slightly upwards revised 4.5 percent in the first quarter (Q1) of 2021, provisional data from the Hellenic Statistical Auth...
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Industrial turnover jumps 31.6 pct in Aug as strong recovery is boosted by business abroad
EconomyMacroeconomyGreece’s industrial turnover continued its impressive recovery, jumping by 31.6 percent year-on-year (YoY) in August, following an increase of 25.1 percent in July, based on data from the Hellenic Statistical Authority (ELSTAT) released on Wednesday. Th...
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EC sees strong recovery in 2021, solid growth in coming years underpinned by RRF
EconomyMacroeconomyThe European Commission continued to revise upwards its estimates for Greek growth in 2021, moving up to 7.1 pct in the autumn forecasts released on Thursday, from 4.3 pct growth seen in the summer forecasts in July. The Greek economy is seen growing by...
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Papandreou boasts strong backing as KINAL gears up to elect new leader
PoliticsGreek PoliticsThird-placed party KINAL holds the first round of its leadership contest this weekend as it seeks to turn a page following the death of former party president, Fofi Gennimata. Six candidates will compete for the two spots in the run-off vote that is due...
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Strong surplus in Nov as travel balance nears year-end with 58.6 pct of 2019 intakes, 46.7 pct of arrivals
EconomyMacroeconomyGreece’s travel balance recorded a surplus of 173.8 million euros in November, from 1.27 billion euros in October, according to Bank of Greece (BoG) data released on Friday. The latest data on the travel front continues to be encouraging – apart from ri...
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