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PM sees 'new Greece' rising from Hellinikon rubble, pledges more aid for struggling firms
PoliticsGreek Politicsat a faster pace after Lamda set out its plans in 2013. SYRIZA dismissed Friday’s events... permit. Support measures In Parliament on Friday, Mitsotakis set out the details of what he claims..., offices and luxury apartments, can go up in place of the long-defunct airport. There are around 900
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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... that will include some one billion euros set aside from support in the affected areas. The state budget... was at 102.2 points in Q3 2008. Old apartments - those over five years old - saw their prices increase
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Podcast - Whose property? Greece’s housing challenges
Agoraproperty market is booming, but that's creating a whole new set of problems. High rental and purchase prices are pricing out much of the local population as foreign investors snap up apartments... programmes and what’s set to change - EuroNews Local Greeks pushed out as mass tourism takes over Athens
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Housing tops government plans for policy reset in autumn
PoliticsGreek PoliticsMeasures aimed at making housing more affordable are set to be one of the central themes... are reportedly set to receive a lump sum of 100-200 euros before Christmas. Low-income pensioners... necessary to put their apartments on the market. Another measure being lined up is a tender process
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Is Democratic Left set to make a shock return to Greece's coalition?
PoliticsGreek PoliticsWhen Democratic Left quit the coalition government in June, the possibility of the small centre-left party bridging its differences with New Democracy and PASOK seemed impossible. Suddenly, though, some kind of reconciliation – a return to the governmen...
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Unemployment hit new high of 27.8 pct in October, set to rise further
EconomyMacroeconomyGreece officially assumed the presidency of the European Union on Wednesday, with the highest unemployment rate in the 28-member bloc. According to the Hellenic Statistical Agency (ELSTAT), the seasonally adjusted jobless rate in October stood at 27.8 p...
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Long-term jobless rate of 71 pct poses new set of social challenges for Greece
SocietyThere was a time when Greece’s unemployment rate caught the media’s attention as it quadrupled from 7.3 percent in the third quarter of 2008 to the recent record high of 27.8 percent in the first quarter of 2014. There is less of a fuss these days, thou...
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Greek banks' potential capital shortfalls set to be reduced by more than 2.5 bln
EconomyGreek media reported on Tuesday that the Ministry of Finance (MoF) will soon table in Parliament a draft bill which will allow the conversion of Greek banks’ Deferred Tax Asset (DTA) into tax credit. The new legal framework has to be approved by the Eur...
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ECB set to provide extra liquidity to Greek banks but capital needs remain an issue
EconomyIn its latest comment on Greek banks, Fitch noted that they remain burdened by a large stock of non-performing loans (NPLs), despite capital enhancement and progress with their restructuring plans. On the key issue of the European Central Bank’s compreh...
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First Greek presidential vote to set tempo for final ballot on Dec 29
PoliticsGreek PoliticsThe first round of the presidential ballot on Wednesday evening (7 p.m. Greek time) is unlikely to provide any clear indications about whether the current Greek Parliament will manage to elect a new head of state by the final vote on December 29. The go...
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