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Higher Covid-19 numbers spark concern as tourism sees little benefit from visitor arrivals
PoliticsGreek Politics. This was more than 60 pct of the total. The equivalent percentage in the last 10 days of June was just... visitors from abroad. If the number of cases rises to, and remains at, more than 50 per day
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Building permits fall by 22.4 pct in April
EconomyMacroeconomy. Total permits for 2019 came to roughly 82 percent lower than the 2005 peak. Much of the current building activity also concerns refurbishments rather than new building projects. The vast majority
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Court ruling on pension backpay creates dilemma for PM
PoliticsGreek Politicsmore than the latest round of support measures announced by the PM for the flagging Greek economy... mostly been on generating greater revenues for the state rather than increasing expenditure
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EU deal appears promising for Greece, but success rides on efficient use of funds
PoliticsGreek Politicseuros, of which Greece could receive more than 70 billion. “Europe has risen to the occasion, and we... states. The entire package for Greece comes to around 70 billion euros, which represents more than
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OECD releases new outlook calling for sustained reforms post Covid-19
Economyto be less severe than the crisis period of 2009-2016. The OECD highlighted that in recent years, Greece... protection system was in a much better state to deal with the crisis than it would have been otherwise
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Govt offers pensioners 1.4 bln in backpay, opposition questions decision
PoliticsGreek Politicsthan the 3.9 billion euros estimated originally. The government has made the savings by limiting... than 800 euros a month. Government sources sought to justify the limited scope of the payment
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SYRIZA goes on offensive over Covid-19 and economic reforms, but internal rifts persist
PoliticsGreek Politicsto criticism than just a few weeks ago. Speaking to news website ieidiseis.gr last week, Tsipras... argued that the party’s policies should be determined by principled positions rather than electoral
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Current account shows deficit of 1.42 bln in June, driven by slashed tourism revenues
EconomyMacroeconomyat a faster pace than exports. No notable change was seen in the primary and the secondary income accounts... of the balance of goods fell, as imports decreased at a faster pace than exports. The total balance
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Retail sector struggles through pandemic
EconomyFeaturesthan 45,000 euros reported a drop in sales versus six out of 10 companies with a turnover of over... of the sales were worse than expected, despite the fact that they had taken into account the effects
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PMI edges up to 49.4 points in August, employment rises
EconomyMacroeconomy, though the decline softened during August. Although quicker than the long-run series average, the pace of decline was much slower than April's record. Export orders also fell, but not as sharply
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