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BoG urges banks to improve quality of capital, re-doubles SPV efforts
EconomyBankingreflected positively on the country’s banking system, leading to the complete lifting of the capital... into a capital increase to the State’s share, which dilutes the existing shareholders and banks want to avoid... need to reduce the stock of NPEs in a systemic way and BoG welcomes the agreement with the EU’s
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After signing EastMed pipeline pact, Athens aims to tackle Turkey challenge
PoliticsForeign Policy’s effort to diversify its energy resources, reducing its reliance on Russian gas, it also enjoys... from the Karish North deposit within Israel’s exclusive economic zone to Vasilikos in Cyprus could... embargo in Libya and seriously undermines the international community’s efforts to find a peaceful
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Industrial turnover drops by 7.9 pct in November
EconomyMacroeconomyGreece’s industrial turnover fell by 7.9 percent year-on-year (YoY) in November, deepening from... showed. November’s headline figure marks the seventh negative reading in 2019, as well as the fourth... with a 23.8 percent decline in coke and refined petroleum products. In other indicators, December’s PMI index
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Mission chiefs pick up fifth review baton as Greece mulls new bond issue
EconomyProgramme, the government’s intentions regarding the settling of state arrears and its plan for tackling delinquent loans.... Even though the government has announced that all of PPC’s lignite plants will be shut down by 2023, the European Commission appears insistent that Greece has to adopt measures to address PPC’s
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PM takes to stage in Davos as migration worries persist at home
PoliticsGreek Politicsof Katerina Sakelloropoulou as Greece’s first female president as a “paradigm shift,” underlining his... issue. He spoke of the new asylum law passed recently and the government’s intention to have asylum... cases to build up. The main target of the Greek premier’s criticism, though, was other European
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What will it take to reverse the Greek 'brain drain'?
SocietyOne of the more worrying outcomes of Greece’s financial crisis and prolonged recession is the so... will severely limit the country’s growth prospects for years to come. The pledge to create high-quality, better-paid jobs was a key plank of the New Democracy government’s manifesto. Prime Minister Kyriakos
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Unemployment continues decrease in Nov, falling to 16.5 pct
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate came to 16.5 percent in November from 16.6 percent in October, Hellenic Statistical Authority’s (ELSTAT) data showed on Thursday. For the same time last year, the unemployment rate came to 18.6 percent. The current month’s reading is the lowest
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Bumper year for business launches in 2019, according to registry
EconomyFeaturesaround Greece’s economy. Types of company Sixteen types of company are classified on GEMI’s... (EE), people’s associations, limited liability companies (EPE), European companies (SE), European... the classification of single traders, which is reflected in Greece’s very high number of small to medium sized
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Athens strives to build opposition to Turkey-Libya deal as France pledges support in East Med
PoliticsForeign PolicyThe Greek government is continuing its efforts to build a diplomatic alliance to counter Turkey’s... on an arbitration agreement.” He proposed that Greece should “sign its own deal with Libya, similar to Turkey’s... recently ruled on the country’s maritime borders agreement with Tunisia and Malta.” It is not known
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Unemployment drops to 16.3 pct in December
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate came to 16.3 percent in December from 16.5 percent in November, Hellenic Statistical Authority’s (ELSTAT) data showed on Thursday. For the same time last year, the unemployment rate came to 18.5 percent. The current month’s reading is the lowest
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