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Govt mulls tighter controls on movement, seeks to boost health supplies and Covid-19 tests
PoliticsGreek Politics, Prime Minister Kyriakos Mitsotakis took to social media to urge MPs to give up half a month’s salary... as a “battle”, as the surge in global demand is driving up prices and exhausting stocks. In one instance... leaning on diplomatic and philanthropic channels to stock up on essential supplies. Major donations
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BoG highlights strong year for property in 2019 but warns of Covid-19 impact in 2020
EconomyFeaturesfor Greece. Tourism was flagged up as one of three main channels through which the coronavirus outbreak..., the adverse scenario sees Greece losing up to 50 percent of its annual tourism revenue this year. “Given... circumstances,” the BoG said. The report added that speeding up foreign investment recovery and improving
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A tax credit for Greece: The significance of an independent public revenue service
Agorain European Politics and Policy. MacroPolis caught up with Dimitrakopoulos after the authors presented...) and b) a major party (SYRIZA) rightly pointed out that one ought to clean-up the institution first, did... that real success is like a marathon, not a sprint. It is up to the Greek politicians and citizens
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Greece clinches attractive yield for 7-year bond amid testing conditions, diminished interest
Economy, which made up more than 1/3 of the offers at 33.8 pct. This is a result of GGBs now being accepted... in their books being raised. In January, banks made up just 14 pct of the offers. The risk picture of the times.... Accessing this would open up an awkward discussion with Greece’s official creditors and Finance Ministry
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Current account shows deficit of 1.14 bln in February
EconomyMacroeconomyrose by 24.6 percent YoY. Travel payments came to 166.7 million, up by 1 percent. Total exports... surplus rose to 153.8 million, up by 59.3 percent. Travel receipts rose by 22.9 percent to 3.91... euros in February, up from a deficit of 68.1 million euros in the same period last year
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Survey sheds light on sentiments in lockdown, as govt backpedals on voucher scheme
PoliticsGreek Politics, and three in 10 will pay more bills online. Up to 37 percent of workers would be willing to work from... questioned saying they have experienced negative sentiments during lockdown – up by 27 percentage points.... A large majority (80 percent) are very concerned about a recession and rising unemployment, with up to 60
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As easing of lockdown begins, government looks to salvage economy
PoliticsGreek Politics, with the government hoping that Covid-19 will not flare up again and that Greece will be in a position to resume... that there is no new major outbreak while also firing up the economy and salvaging whatever it can from a year when the Finance Ministry expects GDP to contract by up to 7.9 pct. The centre-right
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Study suggests 1 in 3 employees could work remotely
EconomyFeaturesResearch by the Centre of Planning and Research (KEPE) has revealed that up to a third of Greek... who could work from home make up just 1 percent. On the other hand, industrial plant, machinery... was also found to correlate to remote working capacity with those educated up to tertiary education
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NBG results show net profits of 409 mln euros on strong trading income in Q1
EconomyBankingfrom the Tier II issuance in July 2019. The bank’s domestic loan disbursements were up 53 percent YoY... fee and commission income came to 63 million in Q1, up by 13.3 percent YoY, reflecting strong growth...) and intermediation fees (+25.9 percent YoY). Operating expenses came to 207 million, up by 3 percent YoY
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First challenges for tourism plan, as public relaxes approach to virus
PoliticsGreek Politicson Thursday, the government’s plan to attract visitors this summer is starting to come up against... and locals. Challenges One of the practical challenges of opening up air travel to Greece... commentators to question the government’s eagerness to open the country up and its ability to control
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