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Awaiting the magic wand that will end the pandemic
Agoraon January 11 this year, encouraged by the manufacturers' promises of large shipments of vaccines... the moment when Capak, a day after Christmas of last year, went to the Zagreb airport, in pitch... this, and at the beginning of the year, Minister Beroš repeated the mantra that interest in vaccination
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PM to address inflation as polls show wear and tear for govt
PoliticsGreek Politicsto tax and social security contributions due next year, as well as the increase in the minimum wage. Salaries are set to increase by 2 pct at the start of the year, but ND has lined up a second boost later... is on the expected growth trajectory next year, a second increase of 4 to 6 pct will likely kick
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NBG profits up to 714 mln in 9M as NPE ratio is reduced further
EconomyBankingeuros in the nine months of the year (9M), compared with a profit of 602 million euros in the same... billion euros at the end of September, from 4.3 billion euros at the end of last year. The ratio... exited moratoria as of the end of last year and less than 4 pct as of November is in default, at 3
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Greek bond yields edge up as PEPP winds down
Economyyear but this looks unlikely. This was always a largely aspirational position as the ECB could face... for Greece. In August, the 10-year benchmark yield was at its lowest level of 0.53 pct. This year... over the August 2050 German benchmark. Also this year, 3.5 billion euros was raised with a 10-year
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Health service weakness highlighted as Covid deaths hit record high and research points to ICU disparity
PoliticsGreek Politicslast year, taking the total number of lives lost to almost 20,000. It appears that the ruling... of the fact that it will have to start reining in the budget deficit next year and any new compensation... year. Although Tsiodras has been increasingly less prominent since others assumed communication
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Wage growth halves to 1.2 pct in Q3
EconomyMacroeconomyGreece’s seasonally adjusted (SA) Wages Index increased by 1.2 percent year-on-year (YoY) in the third quarter (Q3) of this year, from a 2.5 percent rise in Q2, Hellenic Statistical Authority (ELSTAT... of last year. The index’s record high of 134.7 was posted in Q1 2010, while the lowest reading
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Government U-turns again to tighten Covid measures over Christmas
PoliticsGreek Politicsover the Christmas and New Year holidays. Speaking at a press briefing on Thursday morning, Health..., including public Christmas and New Year’s Eve celebrations, have been cancelled, while new arrivals... in the new year or even earlier. Among the possible restrictions for this later phase are early closing times
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PDMA's debt strategy for 2022 includes green bond in 12 bln haul
EconomyGreece’s debt managers (PDMA) published last week the debt strategy for next year, which... billion euros. Cash reserves at the end of the year are seen at 31.6 billion euros, after a high..., limiting the rate risks. The average maturity at the end of this year will be around 20 years, compared
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Govt searches budget for space to adopt more Covid and energy relief
PoliticsGreek Politicsto prepare a new round of support measures for businesses and households in the new year, which may well... for hospitality and entertainment, except for New Year’s Eve when closing time is extended to 2am. Teleworking... nights of the year, noting that owners are expecting a wave of cancellations and stand to lose money
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Retail sales rise by 13.1 pct in Oct, led by fuels and non-food sectors
EconomyMacroeconomy. Retail sales have been growing continuously since April, after nearly one year of drop in sales due... at -22.2 points, and it has now improved by 3.9 points since the start of the year. Retail trade dropped by 7.6 points MoM to 9.7 points, coming off the year high, yet improved by 31.8 points since
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