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Mitsotakis breaks the ice in Sochi but Russia's wariness remains
PoliticsGreek PoliticsUndoubtedly, Moscow’s cooperation especially in the military sector with Turkey has been and still... has already begun talks with the giant energy company but with no concrete results so far. Vladimir... of its needs, while Mitsotakis stressed that “Russia has become a reliable supplier but also Greece
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Greek bond yields edge up as PEPP winds down
Economy, the ECB has purchased 1.548 trillion euros of assets across the eurozone. In Greece’s case, the figure.... This support from the ECB since the pandemic broke out has led to unprecedented low borrowing costs... felt across the yield curve, with maturities between 5 and 10 years. The 5-year has gone up to 0.38
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Government under fire for indecision on Covid measures
PoliticsGreek PoliticsThe government has put itself under more pressure, including criticism from friendly sources..., Health Minister Thanos Plevris has played down the new variant’s impact since only a low number... definitive statements from officials that are soon nixed, has started to irk even some of the government’s
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Piraeus seals 400 mln NPE sale as banks gear up for more balance sheet transactions in 2022
EconomyBankingPiraeus Bank announced on Tuesday that it has reached a final agreement with Davidson Kempner... completed in the last days of December, codenamed Mayfair and Sunrise II, the capital base has strengthened by 100 basis points over Q3. Piraeus Bank has been the most active in executing its business
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Govt opts to reopen schools on time, drawing opposition criticism
PoliticsGreek PoliticsThe government has come under fire from the opposition for not delaying the opening of schools... believes that since Omicron has now become the dominant variant in Greece, eclipsing... on Tuesday suggested it has opted for a “herd immunity” approach that would put Greek families in danger
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Another strong rise of 8 pct for industrial production in Nov, led by manufacturing
EconomyMacroeconomyStatistical Authority (ELSTAT) data released on Monday. IPI has been recovering since November last year... to November, the IPI has increased by 10 percent YoY. The aggregate was driven by a 16.3 percent..., industry confidence has increased by 17.5 points. In addition, Greece’s manufacturing PMI edged up
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Govt looks to tweak relief in anticipation of record Covid infections, new inflation high
PoliticsGreek PoliticsNikos Filis argued instead on Monday that it highlighted how poor testing in the community has been..., the health minister has already hinted that the government hopes to lift the ban on music in dining... sectors where turnover has been impacted by over 50 pct, with funds coming from EU structural
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Rising yields, market turbulence limit government's fiscal options
EconomyGreece off its fiscal path. The government has its eyes firmly on securing an investment grade from..., including a green bond in the second part of the year. Greece also has a cash buffer that is kept... the policy response options available to the government, which in the last weeks has come under
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Government focusses on security of energy supplies in light of Ukraine escalation
PoliticsGreek PoliticsThe escalating crisis in Ukraine has prompted a high-level review of the security of Greece’s... by the Ministry of Foreign Affairs, the Greek government has condemned the recognition of the two... of neighbouring countries including Bulgaria, Albania and North Macedonia has focussed on improving
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Athens makes landmark foreign policy shift by sending arms to Ukraine
PoliticsForeign PolicyAthens has shown its support for Kiev following Russia’s invasion by sending ammunition to Ukraine... Gen. Konstantinos Floros. Greece has sent “Kalashnikov-type assault rifles” and missile launchers.... Historically, Greece has not taken a position against Moscow following 1944 and certainly not since
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