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  1. New data highlights pandemic impact on enterprises as turnover falls sharply

    EconomyFeatures

    The Hellenic Statistical Authority (ELSTAT) has released a set of data showing the impact of the coronavirus pandemic on businesses in Greece. ELSTAT said that the data had been collected to show... were lifted. The data was submitted for single-entry bookkeeping enterprises, which are obliged

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  2. Greece grapples with second Covid-19 wave as cases soar
    Photo by MacroPolis

    Society

    the OECD’s predictions, the Greek economy was set to shrink by 8 percent under a single wave scenario

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  3. Fire at archaeological site puts govt's crisis handling under scrutiny
    Photo by MacroPolis

    PoliticsGreek Politics

    settings, such as care homes. The death toll in a single nursing home on the outskirts... in Attica. The government is set to announce the opening date for schools on Tuesday

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  4. Tsipras picks holes in ND approach, unveils own spending proposals
    Photo via www.syriza.gr

    PoliticsGreek Politics

    Opposition leader Alexis Tsipras took to the podium in Thessaloniki last weekend, a week after Prime Minister Kyriakos Mitsotakis, to set out his thoughts on Greece’s present and future..., adding that “if we did not borrow a single euro, if we let the recession run to 15 pct

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  5. All eyes on Piraeus as share price tumbles amid coupon payment concerns
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyBanking

    . The authorities have decided to hold on until the ECB’s Single Supervisory Mechanism will decide this month on the ability or not of Piraeus Bank to pay the CoCos coupon. The bank has set aside 165 million

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  6. Bridge scheme activated as banks look to avoid second-wave NPL increase
    Photo by MacroPolis

    EconomyBanking

    to pay 10 percent of their regular payment with the programme’s duration set at nine months... compared to a milder single-wave economic scenario. During the first wave, it was anticipated that new red

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  7. Labour market developments in Greece during Covid-19
    Photo by MacroPolis

    Agora

    unemployment. However, at 16.2 percent (November 2020) there is a considerable distance to go until single... declined. The sobering observation includes the acknowledgement that this development had already set

    20%

  8. Piraeus announces transformation plan amid 2020 loss of 662 mln
    Image via www.piraeusbank.gr

    EconomyBanking

    securitisations, which it says will decrease its ratio of non-performing exposures (NPEs) to single... milestones that set the foundations of the next day for Piraeus Bank.” “We are taking another major step

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  9. Piraeus Bank raises 1.38 bln in share capital increase
    Photo by MacroPolis

    EconomyBanking

    Piraeus Bank completed its 1.38 billion euros share capital increase, pricing its new shares at the top of its initial price offer range. Following a three-day book-building process, Piraeus set... of loan securitisations to reduce the its ratio of non-performing exposures to single digits

    20%

  10. FinMin sees favourable macro environment from next year, boosted by RRF
    Finance Ministry

    EconomyMacroeconomy

    . The government has set out five main objectives over the next couple of years with the primary goal being... bad loans in the banking system to single digits next year is the other objective, which is in line

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