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Price hikes pose fresh challenge for government
PoliticsGreek Politicsto come up with answers to rising prices. For some months, the local media has been trailing... and his government to pick up momentum again after a difficult summer. The challenge of inflation... materialise, revenues will rise by 1.6-1.8 billion euros, which will create additional fiscal space of up
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New Covid measures readied as doubts about key cabinet choices rub off on PM
PoliticsGreek Politics” rating (up 3 points since January) and Labour Minister Kostis Hatzidakis whose “dislike” rating is up... ratings (62 pct, up 15 points) after her handling of the sex abuse scandal around former National
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Industrial production rises 7.8 pct in Jul to continue recovery since late 2020
EconomyMacroeconomyin manufacturing. The water supply index was also up by 1.7 percent. Up to July, the IPI has increased... by 8 percent in manufacturing and 7.4 percent in mining and quarrying. Water supply was up by 0.6
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Some key tasks pending as Greece edges closer to completing post-programme process
Economy, it urges the authorities to keep up the momentum and where it is necessary to focus efforts... come in the form of releasing SMP and ANFA profits and waiving the step-up interest margins... of 2020, however, it is acknowledged that pace will pick up in the coming quarters
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Debt strategy for 2022 set to continue along this year's steady path, assisted by PEPP
EconomyMacroeconomysupport packages that pushed up the debt both in nominal terms and as a percentage of GDP, the draft... billion euros by the end of this year. The ratio shot up from just over 180 pct to 205.6 pct last year... euros and the repayment of the GLF loan is a regular 2.65 billion annually up to 2039. Greece’s debt
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Signs of recovery, improved tourism season visible in Sept budget data as revenues beat target by 943 mln
EconomyMacroeconomyThe budget primary balance up to September landed at a deficit of 5.96 billion euros, compared... up to September recorded a deficit of 10.15 billion euros compared to a deficit of 11.27 billion... the ministry attributes to higher tourism related revenues. Transfers were up by 573 million euros
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Leaders joust over Covid policy as death toll rises but public interest wanes
PoliticsGreek Politicsa total of 41 million euros on these campaigns, with some money ending up with regional channels... pct a positive one. However, the government’s ratings on this issue are well down on the findings up... to live up to his pledges, compared to just 23 pct in Tsipras’s case. The other category in which
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S&P holds off on new rating upgrade, ECB holds key to investment grade
Economynotch during the pandemic, moving it up to ‘Ba3’ in November last year, one notch behind the other two... infections that will have a material effect on GDP contraction and will push up the debt ratio. All... debt, combined with the impact of the pandemic that had pushed Greek yields up and nobody wanted
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Minister discounts lockdowns, vaccine mandate extension amid Covid surge
PoliticsGreek Politicsto divide larger contracts up into smaller units in order to get around size limits on direct awards. Up until March 2021, public authorities were permitted by law to award contracts directly for sums up to 20,000 euros, however a new framework taking effect on March 9 raised the ceiling to 30,000
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Newsletter 314 - 29/10/2021
on Monday following a recent relapse that forced her to give up plans to stand for re-election... is swallowed up by the re-emergence of bipartisan politics in Greece, only with New Democracy... proceed, Greek banks continue to build up their capital bases and meet regulatory requirements through
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