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Card usage gains traction with debit cards leading the way, BoG finds
EconomyBankingThe Bank of Greece’s (BoG) latest overview of the Greek financial system has shown that the rate of card use among businesses and individuals has steadily increased over recent years. According... were debit cards. The split between debit and credit cards has remained relatively stable over
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Mitsotakis aims to hit ground running as polls point to clear majority on July 7
PoliticsGreek PoliticsMitsotakis has been giving out more details about what plans he has for his first days in office... has emerged from the crisis and that this should be reflected in the assessments made by credit rating... percent. MRB has worked on three scenarios for how the 300 seats in Parliament will be divided up
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BoG report highlights economic challenges, proposes way forward
Economyoutlines the areas where there has been significant progress but it also highlights several risks... and responsibilities The BoG notes that Greece has made remarkable achievements over the years and has... that two things are of the utmost importance - public investment, which has been drastically
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ND puts changes in education and justice system high on agenda
PoliticsGreek Politicsfronts. The centre-right party believes that it has to make a number of interventions in both areas... important area for the new government. Here, SYRIZA has also been accused of making interventions... the judicial system. The government has made no secret of its desire to make changes to the new criminal
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Lenders urge new government to meet fiscal targets as Athens issues 7-year bond
EconomyProgrammeto maintain competitiveness,” he said. It should be noted that New Democracy has pledged... this year. The Bank of Greece has suggested that the primary surplus might end up at 2.9 percent rather.... Anyhow, Prime Minister Kyriakos Mitsotakis has said that he will first try to deliver on reforms before
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From a tsunami of debt to some sense of normality
Agora. Halfway through the year, the PDMA has achieved its goal. It has issued three bonds of 5-, 7... that Greece has managed to issue three bonds in a year since 2010. One just needs to look at the debt... they both advocated seemingly pain-free solutions to Greece’s problems. Greece has paid a heavy price
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Disposable income rises by 4.9 pct YoY in Q1, final consumption up by 0.2 pct
EconomyMacroeconomyincome has remained in positive territory for eight consecutive quarters now. The absolute figure landed... contributions edged down by 0.3 percent. Since 2012, disposable income has fallen by 11.4 percent, or by 3.62... compensation has fallen by 3.8 percent since 2012 due to a sharp rise in unemployment, along with wage
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Bid for better use of digital tools likely to have decisive impact on ND's goals
PoliticsGreek PoliticsWhile the immediate focus since New Democracy came to power has been on the first three bills... and beyond. Prime Minister Kyriakos Mitsotakis has appointed Kyriakos Pierrakakis, the former research... noted how much ground Greece has to cover by referencing the latest Digital Economy and Society Index
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Fitch leaves rating unchanged, notes recovery potential and tricky fiscal balance
Economyrating agencies. S&P has Greece at ‘B+’ with a positive outlook and Moody's at ‘B1’, which is the ‘B... scale. This is the second consecutive review after February’s that Fitch has left its rating for Greece... government has committed to meeting the targets in 2019 and 2020 but eventually would like to reduce
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MPs to vote on changes to governing process as opposition hits out at ND
PoliticsGreek Politicsminister’s office will be responsible for monitoring the progress of each ministry. This has prompted... the latter came to power. The opposition party has accused the centre-right government of lying about... has previously held a government position from being allowed to head the Competition Commission
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