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Amidst Covid and inflation uncertainty, 2022 budget looks forward to solid growth
EconomyMacroeconomyyear and is seen landing at 187.28 billion euros, from 177.61 billion euros this year. Last year’s GDP... privatisation proceeds and spending linked to migration flows, this year’s deficit will be 12.88 billion euros, or 7.3 pct of GDP and next year’s deficit will be 2.3 billion euros, or 1.2 pct of GDP
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PM to address inflation as polls show wear and tear for govt
PoliticsGreek Politicsin 2022. A report in Sunday’s To Vima suggested that once it has been confirmed that Greece..., Monday’s debate will also stray towards a discussion about the latest pandemic developments. SYRIZA... source of relief for the conservatives is that SYRIZA’s fall during this time seems to have been any
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NBG profits up to 714 mln in 9M as NPE ratio is reduced further
EconomyBankingbillion euros. The bank’s guidance for next fiscal year is 1.8 billion euros of NPEs and a ratio of 6 pct.... The bank’s trading income in 9M was 413 million euros, which included about 491 million euros in gains..., from 51.05 billion euros in H1. NBG’s loan to deposits ratio came to 52 pct, from 53 pct in H1 2021
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Govt stands firm on 'no lockdown' message, pins hopes on vaccination surge
PoliticsGreek Politicsthe government’s strategy in an interview with Christiane Amanpour on CNN. Mitsotakis defended... extending the vaccination mandate to over-50s, however he underlined the government’s determination... of MEP Nikos Androulakis. Androulakis’s chances of winning the runoff over former PM George
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MEP takes comfortable lead over former PM in advance of KINAL leadership run-off
PoliticsGreek PoliticsPapandreou has sought to challenge Androulakis’s claim to be a force for the renewal of the party by claiming... the backroom negotiations. Papandreou’s fumble has allowed Androulakis to claim the higher ground... Androulakis as the favourite to win Sunday’s run-off by 16 points. An estimated 56.5 pct
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Tsipras issues rare MP ouster, focusses on pinning ND down over ICU data
PoliticsGreek Politicsit to the maximum but is open to the party’s customary communications slip-ups. Government spokesman... Minister Kyriakos Mitsotakis. Based on the paper’s findings, including a much higher mortality rate...’s wildfires, Mitsotakis told Tsipras that this year the cost of the blazes was “measured in hectares
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Govt baulks at more holiday restrictions to stem spread of Omicron variant
PoliticsGreek PoliticsA tide of speculation around the government’s intentions to tighten public health measures along... the threat posed by the Omicron variant, it was not the government’s intention to be “defeated... indoor dining and entertainment venues on New Year’s Eve. Mitsotakis said he had decided against
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Govt confident about school return, but faces doubts on post-bailout review
PoliticsGreek Politics. The opposition’s criticism was strengthened by reports over the weekend that there were shortages of the Covid..., but also as far as the public health system is concerned. ND’s handling of the pandemic has become... the latest review by Greece’s creditors of its efforts to implement the reforms that fall under the post
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Mitsotakis targets inflation on path to elections in 2023
PoliticsGreek Politicsthe Omicron wave will subside in the next few weeks and that the country’s health system will be able..., is an indication that New Democracy believes inflation poses a more potent challenge to the government’s... Democracy’s flagship policies and Mitsotakis seemingly wanted to make it clear that as the pandemic
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Industrial turnover soars by 39.4 pct in Nov, index up by more than 42 pct since Feb 2021
EconomyMacroeconomyGreece’s industrial turnover remains on a solid recovery path, jumping by 39.4 percent year-on-year... by 51.6 percent. In the domestic market, November’s rise was led by a 32.6 percent increase... indicators, Greece’s manufacturing PMI edged up slightly in December to 59 points, from 58.8
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