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Detailed SME study shows crisis impact and business evolution
EconomyFeatures) has illustrated the challenges faced by SMEs in recent years and called for measures to support... of businesses during Greece’s crisis. The data used has been captured in two periods, from 2008... exports part of their products and services. The Greek business landscape has long been characterised
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S&P keeps rating at 'B+' and highlights obstacles to competitiveness
Economytied to further debt relief measures in the near term and in the future has put in place enough... agreement in June last year when the parameters for the debt relief were agreed but has kept... its view that Greece has one of the most advantageous debt profiles of all its rated sovereigns
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Eurozone set to give next govt until Sept to address fiscal issues
EconomyProgrammehighlighted its belief that a large part of the fiscal outperformance of recent years has been the result... in Brussels on Wednesday also revealed that Greece has not made an official request to pay off early... Greece to address imbalances by continuing the reforms it has committed to as part of the post-MoU
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ND prepares first three bills for votes before Parliament's summer recess
PoliticsGreek Politicsin their first six months in power. The first bill is due on Wednesday and has to do... of incompetence against the previous government. Mitsotakis has made it clear that he attaches great... that the emergency services are better prepared for such disasters in the future. The government has already
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Greek govt gears for final Eurogroup of 2019, hoping for better terms
EconomyProgrammeThe Greek government has set its sights on the last Eurogroup of the year, hoping... plan which is seen as crucial to relieving banks of their bad loan burden. The Greek side has... on November 20. Little controversy surrounds this, as it has already passed scrutiny by the European
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Banks look for way forward as economic shutdown takes its toll
EconomyBankingin the scheme has temporarily halted after a strong launch. On the same day that Greece’s first coronavirus... when Greece’s lockdown will end. The latest report by the Moody’s Investor Service has warned... the decline in NPLs has been significant across the last few quarters, this trend would freeze going
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Roadmap leading out of lockdown pondered by ND as SYRIZA takes aim at media
PoliticsGreek Politicson movement are set to expire, its plans for starting to lift the lockdown that has been in place since... the lowest in the EU. Also, the National Centralised Procurement Agency (EKAPY) has set up a digital... of the media, across all forms, has a pro-government stance, which is likely to solidify as a result
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As plan to ease lockdown progresses, politics turns to non-coronavirus issues
PoliticsGreek Politicssupport and security. This is one of the areas that SYRIZA, which has already accused Mitsotakis of not being bold enough in the emergency economic support measures he has announced, is likely to try... Kyriakos Mitsotakis admitted in his interview with Kathimerini last weekend that Covid-19 has prompted him
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BoG highlights how Covid-19 compounds legacy issues and structural challenges
Economythat has to be implemented to cushion the pandemic and the reduction of economic activity cascading... year-on-year, to 18 million in the first quarter. Although the NPE ratio has dropped below 40 for the first time in years, easing to 37.4 pct, the situation has significantly changed after the pandemic
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Unemployment edges upward to 15.5 pct in April
EconomyMacroeconomythe peak of 1.35 million unemployed in September 2013, unemployment has declined by 47 percent... percent. A rise of 0.9 pps was seen in those aged 15-24 years. This age group also has the highest overall... dependency on the tourism industry which has been badly disrupted by the coronavirus pandemic
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