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Promises and challenges of Greece's "green new deal"
EconomyFeaturesMW/year to 470 MW/year for wind power, and from just over 200 MW/year to 525 MW/year
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Learning the lessons of Greece's toxic decade
Agoradeficit by the end of 2011, in just over a year, when the MoU with the troika estimated a deficit of 2.6... one year was beyond a joke. At around the time of the one-year anniversary of the first bailout... government with PASOK, and, for the first year, DIMAR that implemented a full adjustment programme
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Retail turnover increases by 6.6 pct in Oct, volume up by 7.1 pct
EconomyMacroeconomyon Tuesday. The figure is the fifth positive reading for the year so far. It is also the highest reading..., the volume index has turned positive five times in the first nine months of the year. Compared to October..., and showed a rise of 15 points year-on-year. The overall economic sentiment edged up by 0.3 points
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PMI at 53.9 points in Dec, marking solid end to 2019
EconomyMacroeconomyin new clients which would in turn drive production growth across the coming year. In addition... to the softest pace since April last year. Both pre and post-production inventories fell during the month. Markit analysts commented that the year had ended on a positive note for Greece with a continuing
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New tax debt at 6.95 bln to Nov, down by 28.2 pct YoY
EconomyMacroeconomyeleven months of the year revealed that new tax debt totalled 6.95 billion, lower than the figure for the same period last year by 28.2 percent. In October, the total stood at 6.22 billion euros. New.... For the first eleven months of the year, of the 3.67 billion due for income tax, 2.52 million have been paid
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Mitsotakis sets aside talk of next Greek president to meet Trump at White House
PoliticsGreek Politicson the agenda are likely to be the Greek government's plan to prepay this year up to 2 bln euros... primary surplus targets to be reduced from next year. Although under its previous managing director... might be New Democracy’s candidate for president, when the five-year term of incumbent, Prokopis
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Employment balance negative by 3,666 in December
EconomyMacroeconomyfrom the Labour Ministry’s Ergani information system showed. Compared to the same month last year... showed 127,644 more hirings than departures. The respective balance for the same period last year was 141,003 meaning that in the aggregate period this year, 13,359 fewer jobs were created. The activity
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Car sales jump by 21 pct in Dec as 2019 closes with 12.8 pct rise
EconomyMacroeconomyRoad motor vehicles going into circulation for the first time jumped by 21 percent year-on-year... (1,423), and buses (93). The aggregate figures for the year 2019 showed that total vehicle sales..., totalling 185,120. The remaining sales of last year were made up of motorcycles (41,758), lorries
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Athens steps up drive for fiscal space as fifth post-MoU review continues
EconomyProgrammemechanism that would allow the transfer of unused surpluses from one year’s budget to the next... 400-500 million euros in the current year to implement its tax plans. While cuts to the ENFIA property... in 2021 would cost 1.16 billion euros, and reducing it by 30 percent in the current year would require
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Industrial turnover drops by 7.9 pct in November
EconomyMacroeconomyGreece’s industrial turnover fell by 7.9 percent year-on-year (YoY) in November, deepening from a drop of 7.4 percent in October, Hellenic Statistical Authority (ELSTAT) data published on Monday... confidence rose by 0.6 points month-on-month to stand at 2 points. Year-on-year, industry confidence has
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