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Increase of 11 pct in minimum wage to have knock-on effect in economy
Economyeuros currently, effective from February 1. This represents a rise of close to 11 percent, surpassing the upper threshold of the committee of wise men that had recommended a rise between 5 and 10... compared to the one set up in 2012. The increase is much more substantial for those under 25, who
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Debt relief measures move ahead as Athens prepares to use fiscal space
EconomyProgrammeGreece has received the green light for the latest round of debt relief measures and is set to move... the 103-million-euro step-up margin paid by Greece for the period between 1 January and 17 June 2018... a decision by the Eurogroup on April 5, when eurozone finance ministers agreed that Athens had completed
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Tsipras calls snap elections after heavy defeat that puts ND on course for clear majority
PoliticsGreek Politicsto the last European Parliament elections in 2014, when it gained 9.39 percent. Two new parties set to elect 1.... Greek Solution was set up in the wake of the Macedonia name deal and appears to have absorbed many... 5 percentage points. Furthermore, going into Sunday’s vote Tsipras had suggested that the European
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PM trails switch in tax cuts, admits misstep in approach to migration
PoliticsGreek Politicsthis year. However, this plan is now set to be shelved, with the prime minister saying... to financial news website Euro2day, the government now intends to reduce corporation tax by 1... burden by 5 points by 2023. It now appears that this reduction will happen at a faster rate
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From the National Energy and Climate Plan to COP26: What has Greek climate policy learned?
SocietyKyriakos Mitsotakis, address to UN COP26 summit, Glasgow, 1 November 2021. A lot has happened..., the EU’s adoption of a more ambitious energy transition plan under the headline “Fit for 55” looks set... targets will increase from the current 5 GW to 7 GW by 2030 - and in geostrategic terms, through
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PM yields on energy windfall tax as govt feels strain
PoliticsGreek Politicsminister did add, however, that the windfall tax on any overperformance would be set at 90 pct... 4 points on February), followed by rising prices, which are worrying 29 pct of voters (up 5 points... (1 point higher than last month and 11 points higher than November) believe that the government
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Govt turns attention to more relief measures in absence of snap polls
PoliticsGreek Politicsthe coming months to win the support of voters ahead of the national vote, which now seems set... pensions in 2023, by up to 5 pct, for the first time in more than a decade. Another increase... the NordStream 1 pipeline. The ministry has reportedly agreed with the energy providers that they will hold
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Newsletter 357 - 04/11/2022
agents and businessmen to set up a spying ring that made use of the Predator spyware. The reports... 1 million euros’ worth of consulting contracts from Hellenic Post, a revelation that resulted... of the year, and rather optimistically just one billion euros is set aside for next year, in hope
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Rise of smaller parties a barrier to decisive result in first elections
PoliticsGreek Politicsof the May 21 elections, Prime Minister Kyriakos Mitsotakis is due to set out his policy agenda on Wednesday..., up by 1 point since earlier in the month. Ellines is unchanged, on 3 pct. On Thursday, former... of undecided voters according to the way they are currently leaning, as set out in the latest survey
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Newsletter 393 - 15/09/2023
million euros in emergency spending is set to be included in a supplementary budget. In order to meet... contributes circa 5 pct to Greek GDP, compared to 48 pct of the Attica region, where most... that will include some one billion euros set aside from support in the affected areas. The state budget
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