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Mitsotakis unveils major defence package against backdrop of forces pay rise dispute
PoliticsGreek PoliticsThe government presented on Wednesday its plans for a major shake-up of Greece’s defence capabilities, which PM Kyriakos Mitsotakis claims is needed to equip the armed forces for a new era. The announcement comes after a week of upheaval in New Democrac...
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Mitsotakis defends his record against backdrop of tough migration package
PoliticsGreek PoliticsPM Kyriakos Mitsotakis used the announcement of emergency measures to tackle a surge in migrant arrivals to mark New Democracy’s six years in power. The prime minister launched an attack on his political opponents, including his predecessor Alexis Tsipr...
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PM prepares to defend inflation fight against backdrop of political gridlock
PoliticsGreek PoliticsPrime Minister Kyriakos Mitsotakis is due to respond in Parliament this Friday to opposition questions about the measures the government is taking to tackle inflation, which remains a top concern for voters. The debate is being held in the wake of two n...
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NBG posts net loss of 423 mln in Q4; profit of 38 mln in 2020
EconomyBankingto CVC Capital Partners’ Fund VII for about 455 million euros. That includes an “earn-out” payment
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Newsletter 371 - 24/02/2023
of Hellactor with Motor Oil and the sale of National Insurance to CVC Capital. It is indicative
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Government dismisses EP rule of law resolution in midst of opposition outcry
PoliticsGreek PoliticsCVC Capital. Opposition parties have criticised the plan presented by the minister. A SYRIZA
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Newsletter 411 - 09/02/2024
the medical school of the private University of Nicosia in partnership with private equity firm CVC Capital
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Greece saw first annual deflation in almost half a century in 2013
EconomyMacroeconomyThe drop in Greece’s Consumer Price Index (CPI) decelerated to 1.7 percent in December after peaking with a 2.9 percent decline in November, according to the Hellenic Statistical Authority (ELSTAT). On a monthly basis, the CPI rose 0.9 percent for the f...
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April saw first rise in Greek banks' Eurosystem funding this year
EconomyMacroeconomyGreek banks’ Eurosystem funding increased by 1.27 billion in April, showing a monthly rise for the first time since December 2013, according to the Bank of Greece's (BoG) monthly financial statement. The headline figure stood at 61.96 billion at the end...
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Most Greeks saw income fall over last year, limiting purchasing power
SocietyThe results of a survey by the Labour Institute (INE) of the General Confederation of Greek Workers (GSEE), which was published on July 17, highlighted how salary earners’ purchasing power has been limited. The survey, conducted in cooperation with Alco...
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