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Mitsotakis unveils property tax reduction, searches for pre-election narrative
PoliticsGreek Politicsand the extra political pressure caused by Sunday’s no confidence vote, the government launched..., this is also something uppermost in the thinking of Greece’s lenders. According to details given... than last year. It should be noted that in this year’s budget projects revenues being 70 million
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High prices top list of political concerns as dissatisfaction bubbles under surface
PoliticsGreek Politicsto discuss ways of containing price hikes. According to the PM’s office, during his meeting with the heads... officials mull whether Greece’s public finances will allow another handout to vulnerable households... stands at 31.8 pct. A survey by the same company last July suggested that ND’s backing was at 36.9 pct
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Hopes of EU providing immediate relief wane as economic challenges multiply
PoliticsGreek Politicsof Russia’s invasion of Ukraine but also energy subsidies. This idea also looks like it will not get... that the eurozone’s central bank plans to end asset purchases in the third quarter of 2022, sooner than expected... rising to 0.25 pct in the first half of 2023, Bloomberg reported. Lagarde’s announcements also
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NBG reports profits of 833 mln in 2021
EconomyBankingare in default, at 3 billion euros. The bank’s guidance for 2022 is 1.8 billion euros of NPEs and a ratio of 6... QoQ at 308 million euros. Net fee income increased by 10 pct to 287 million euros. The bank’s.... NBG’s loan to deposits ratio came to 57 pct, from 55 pct in 2020. NBG’s participation in the ECB’s
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Parties re-work strategies as clearer picture emerges for election run-up
PoliticsGreek Politicsat the end of the government’s four-year term towards the end of spring 2023, and that his main priority... position clear because it would feed uncertainty about Greece’s political future, causing further damage to the economy. SYRIZA, meanwhile, believes that Mitsotakis’s comments are an admission that he
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S&P moves Greece closer to investment grade, puts focus on budget and growth
EconomyS&P on Friday night upgraded Greece’s credit rating by one notch to ‘BB+’, while the outlook... with S&P. At ‘BB’, Fitch is one notch behind and two from investment grade and Moody’s at ‘Ba3’ one... by the Greek authorities in October last year due to uncertainty around the ECB’s decisions related
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SYRIZA on front foot over energy prices as poll gap narrows further
PoliticsGreek Politicsenergy prices, SYRIZA senses that it has an opportunity to erode further New Democracy’s lead... as a reluctance on New Democracy’s part to impose a windfall tax on energy companies, although Prime Minister... further draining away New Democracy’s support, SYRIZA hopes that the cost-of-living crisis might
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Govt finds devil is in detail for windfall tax on power companies
PoliticsGreek PoliticsPrime Minister Kyriakos Mitsotakis’s pledge to tax the “windfall” profits of power companies..., the highest in Europe. On Friday, Greece’s national energy regulator RAE published its report... been deducted. The RAE report estimates that 5-20 pct of each supplier’s contracts could fall
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PM trails more relief, insists on dominant role for ND in future govt
PoliticsGreek PoliticsAs speculation reignites around the government’s appetite for early elections, Prime Minister Kyriakos Mitsotakis once again reiterated his commitment to seeing out New Democracy’s four-year term... the opportunity to rebuff the terms put forward by PASOK/KINAL leader Nikos Androulakis for his party’s
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Latest criticism regarding human rights, civil society rebuffed by govt
PoliticsGreek PoliticsThe Greek government’s attitude towards civil society and human rights has come under fire from.... On Wednesday, the UN’s Special Rapporteur on Human Rights Defenders presented her preliminary findings from a visit to Greece. Mary Lawlor’s report referred to a “hostile atmosphere” towards NGOs and human
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