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Government strives to prevent farmers' protests gathering pace as flood costs spiral
PoliticsGreek Politicsis reportedly considering speeding up the payment of the next compensation instalments so that farmers receive it ahead of schedule. Payments were due to be made up to June. Local media reports last... snowballing and becoming a political threat to the centre-right administration. Apart from speeding up
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Strong public support for farmers adds to pressure on PM for more measures
PoliticsGreek Politics. As a first step, the government promised this week to increase from 2,000 euros up to 10,000 euros... in late October, SYRIZA’s backing has fallen 3.5 points, while PASOK is just half a point up. The only... as the party’s, refuse to go away. The leftists are gearing up for their party congress in a few weeks
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Time running out for Golden Visa as housing problems increase
Agoraapproved, leading to an estimated 2 billion euros of investments. Up to early last year, the eligibility... the My Home scheme, which offered young couples aged up to 39 years old cheap loans of up
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PM hopes to contain farmers' protests, seeks to close other open fronts
PoliticsGreek Politicsthe country setting up blockades outside a major agricultural fair in Thessaloniki. Sector... energy costs. The prime minister also promised to speed up the payment of compensation and other...-for surgical procedures would allow doctors to top up their incomes while cutting waiting times for non
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Government being tested on multiple fronts
PoliticsGreek Politicsthe past few weeks. A committee made up of 15 representatives of the farming community is due to hold.... The government’s argument that, once passed, the bill will allow top quality foreign universities to set up... 2018-2022 rents have gone up by around 50 pct and that 72 pct of tenants now pay more than 40 pct
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Government's proposals for draconian sentencing deemed unenforceable by opposition
PoliticsGreek PoliticsFresh reforms to the criminal justice code which the government claims will speed up court cases... clause, which she said would allow anyone suspected of criminal misappropriation of funds up until... will see its taxes go up under a new framework introduced in December. Taxi drivers have called a two
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Newsletter 413 - 23/02/2024
refused to take part in a cover-up, while PASOK accused New Democracy of abusing its majority on the inquiry committee to orchestrate a cover-up. Opposition parties and victims' families have been... into various aspects of the circumstances leading up to the crash continue. The inquiry concluded
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PMI records further gains in Feb, sector confidence almost at two-year high
EconomyMacroeconomyexpansion territory. S&P notes that the rate of growth in February picked up pace for the first month... processes to improve efficiency. The conditions allowed manufacturers to step up hiring activity..., in turn”. "Material shortages and longer lead times also pushed input costs up. That said, the pace
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Alpha Bank's NII at 1.65 bln in 2023, rising by 41 pct
EconomyBankingmillion in 2022, up by 75 percent. Asset quality Following a very busy 2021 in terms of the balance sheet clean-up, the NPE ratio reached 6 percent in 2023, from 7.8 percent in 2022. The Group’s NPE cash coverage stood at 45 percent in 2023. P&L NII was 1.65 billion euros in 2023, up by 41 percent year
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First round of HFSF's divestment from systemic banks concludes with 28 bln realised losses
EconomyBankingThe Hellenic Financial Stability Fund (HFSF), which was set up at the start of the debt crisis.... Eurobank ended up with the ownership of the healthy part of the Hellenic Post Bank, and took ownership of Proton Bank, which also had received 550 million euros to tidy up its balance sheet. The healthy part
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