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Govt offers pensioners 1.4 bln in backpay, opposition questions decision
PoliticsGreek PoliticsMitsotakis of scoffing at low-paid pensioners, “many of whom will not receive a single euro in backpay... to be the first to set a good example”.
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Newsletter 260 -31/07/2020
. KINAL accused Mitsotakis of scoffing at low-paid pensioners, “many of whom will not receive a single... away. According to an index set up by the Hellenic Chamber of Hotels (HCH) that monitors 500 hotels
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PM forms panel to come up with strategy for use of EU recovery funds
PoliticsGreek Politicswith the priorities set out by the European Commission. This means they will cover green growth, digital... stressed on Friday that “not a single euro” from the recovery package should be wasted. Reshuffle
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New data highlights pandemic impact on enterprises as turnover falls sharply
EconomyFeaturesThe 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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Greece grapples with second Covid-19 wave as cases soar
Societythe OECD’s predictions, the Greek economy was set to shrink by 8 percent under a single wave scenario
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Fire at archaeological site puts govt's crisis handling under scrutiny
PoliticsGreek Politicssettings, 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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Tsipras picks holes in ND approach, unveils own spending proposals
PoliticsGreek PoliticsOpposition 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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All eyes on Piraeus as share price tumbles amid coupon payment concerns
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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Bridge scheme activated as banks look to avoid second-wave NPL increase
EconomyBankingto 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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Labour market developments in Greece during Covid-19
Agoraunemployment. 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
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