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Samsung buys out Innoetics in latest boost for Greek tech sector
EconomyFeaturesstartup success story. Innoetics was bought up with 100 percent ownership by Samsung at a sum that has... bought out the Greek start-up TaxiBeat for a reported 43 million euros. In 2016, the advertising startup
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UN steers clear of Cyprus blame game as focus moves to hydrocarbons
PoliticsForeign Policythe importance of a cooling off period and very much underlined the mental idea that it's up... aiming to drill in the Mediterranean has blown up the efforts of a solution.” Turkey's Foreign
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IMF approves programme "in principle," repeats position on debt and reforms
EconomyProgrammesector and the importance of the programme focus on setting up the framework that will facilitate debt... “focus on redoubling efforts to open up still protected product and service markets, so as to facilitate
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Judicial system becomes key battleground for political parties
PoliticsGreek PoliticsThe growing tension between the government and the country’s judiciary has moved up a level this week, with justice officials taking the uncharacteristic step of issuing a warning to the executive... of overreach by the executive and a compromised judiciary will feature high up on the key concerns
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Bond success questioned as coalition looks to build on trial issue
PoliticsGreek Politicslikened it to the country being brought up from the basement to ground-level, although he added... but past experience means there are doubts about how quickly the process can be wrapped up. The coalition
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IMF sees eurozone debt relief pledges failing to deliver sustainability
EconomyProgramme. The estimate for revenues from asset sales and privatisations is a mere 2 billion euros up to 2030, at just... after 2070. In similar fashion, gross financing needs are kept below 20 percent of GDP up to 2040
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SYRIZA tries to look forward but struggles to escape past
PoliticsGreek Politicsto avoid living up to the commitments made to the lenders and he said that this approach only... Tzankopoulos described the coalition’s three main goals as being completing the programme, speeding up
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Mandatory e-payments come into force as Greece seeks to boost card use further
EconomyFeaturesa fine of up to 1,500 euros. Those who can provide proof of being in the process of installing a card... is rife, having a POS could end up being a tick in the box rather than an active tool to counter
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Capital controls to ease further from the beginning of September
EconomyMacroeconomyIndividuals will be able to withdraw a lump sum of up to 1,800 euros per calendar month from September 1 as part of government moves to further relax the capital controls in place since 2015..., or 1,680 across a total of 28 days. Additionally, from September 1, it will be possible to withdraw up
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Net job hirings slow to 7,242 in July, lowest since January
EconomyMacroeconomyedged up to 57.9 percent in July from 55.5 percent in the previous month, while that for departures..., up by 9,200 from last year’s figure of 253,945. This year’s figure is the highest reading since
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