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More restrictions on way as Athens revels in ECB decision
PoliticsGreek PoliticsPrime Minister Kyriakos Mitsotakis was due on Thursday afternoon to give his third public address in two weeks in connection to the coronavirus. According to reports, he will announce that passenger flights to and from Greece will be suspended as of Sun...
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Banks look for way forward as economic shutdown takes its toll
EconomyBankingGreeks banks are facing a complicated challenge in the face of coronavirus as their efforts to reduce NPLs have come to a standstill. In their full year performance reports for 2019, all four of Greece’s systemic banks reported profits and solid progres...
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Stricter Covid-19 measures on the way, as pressure grows for national lockdown
PoliticsGreek PoliticsGreece reported record high in daily infections and ICU usage on Wednesday, with 1,547 new cases and 108 patients intubated in ICUs. The new jump in infections prompted Prime Minister Kyriakos Mitsotakis to announce a new month-long action plan to tackl...
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Running the wrong way: Rama's spat with the EU over vaccination underlines growing frustration
AgoraThe public spillover of criticism towards the EU marks a new and unprecedented development in Albanian politics. Rama’s statements about the EU’s ‘second-hand’ treatment of the Western Balkans during the pandemic highlights the significant shift in what...
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Credit expansion slows to 0.7 pct in Sep as loans to enterprises lead way
EconomyMacroeconomyCredit movement in the Greek private sector increased by 0.7 percent year-on-year (YoY) in September, from 0.8 percent in August, according to Bank of Greece (BoG) figures released on Wednesday. The growth in credit expansion continues to slow after rea...
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Parties at odds over latest pandemic measures, way to tackle Covid wave
PoliticsGreek PoliticsPrime Minister Kyriakos Mitsotakis appears to have played his last card, short of a lockdown, in the effort to contain the pandemic as New Democracy looks to ride out the latest Covid wave. In a televised address on Thursday, the premier announced that ...
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Mitsotakis tries to dig way out of snowstorm fallout
PoliticsGreek PoliticsThe government is mounting an operational and communications effort to counter the growing criticism it is receiving for the apparent lack of preparedness in meeting the Elpida (Hope) snowstorm that reached Athens on Monday and left numerous problems in...
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Enhanced support package on way to combat inflation, as govt awaits crucial nod from EU
PoliticsGreek PoliticsDetails are emerging of the government’s plans for further economic support measures to cushion the effects of the war in Ukraine on inflation. With the cost set to balloon over the coming weeks, the stance adopted by the EU will be crucial in determini...
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Authorities say no new measures on the way despite surge in Covid-19 cases
PoliticsGreek PoliticsHealth Minister Thanos Plevris has dismissed the prospect of a return of Covid-19 measures after a rapid rise in infections and hospitalisations in recent weeks put Greece on course for a sixth wave of the pandemic. On Tuesday, the number of new infecti...
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Passenger cars lead the way as vehicle sales rise by 17.9 pct in Aug
EconomyMacroeconomyThe rise in road motor vehicles going into circulation for the first time picked up pace in August, rising by 19.1 percent year-on-year (YoY), from the 2.3 percent growth in July, according to Hellenic Statistical Authority (ELSTAT) data released on Mon...
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