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Authorities struggle with islanders' resistance to closed centres for migrants
PoliticsGreek PoliticsMitarakis, with one council leader on Lesbos complaining that “Mr Mitarakis has not come once... the government has enjoyed a degree of approval for its use of the police in support of its “law and order
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Sharp rise in M&A activities as 2019 proves record year
EconomyFeatures, and representing a record year for such activity in Greece. According to PWC, this activity has been... that the trend towards small-sized transactions between 10 to 150 million euros has solidified
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Retail turnover edged up by 0.2 pct in Dec, annual increase at 1.3 pct
EconomyMacroeconomy, the volume index has turned positive seven times across 2019. The average increase in the volume..., consumer confidence has shown an improvement of 28.5 points. Retail trade rose by 6 points month
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Gathering signs of coronavirus impact on growth expectations
EconomyThe Hellenic Fiscal Council (HFC) has warned that the Greek economy could be threatened by the spread of the coronavirus in the eurozone. The council is a member of the European Union’s independent... previously. The OECD has taken a harder stance and puts its forecast at 2.4 percent against 2.9 percent
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Greece gets EU show of support, emergency funds for migration
PoliticsGreek Politicscontinues to focus on the land border, disquiet on the islands facing the Turkish shore has... demanded of his guests. Despite the warm words from Brussels, the government has not been given carte
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Nearly half of all households still rely on pensions for income, survey shows
SocietyResearch from the Hellenic Confederation of Professionals, Craftsmen and Merchants (GSEVEE) has shown that pensions financially support almost half of all households in Greece. The phenomenon also... of all households still report pensions as their main source of income. This figure has increased from
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GDP falls by 0.7 pct QoQ in Q4 and increases by 1.9 pct in 2019
EconomyMacroeconomyBased on the first release, Greece’s real GDP growth has fallen below the forecasts made by the MoF... in the wake of the coronavirus outbreak. The Hellenic Fiscal Council (HFC) has warned that the Greek
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Industrial production declines by 1.2 pct in January
EconomyMacroeconomyconfidence has risen by 5.7 points. Additionally, Markit’s PMI showed that Greece’s manufacturing PMI... is the highest that it has been since April 2019 and signalled a strengthening of the Greek manufacturing sector
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Unemployment reaches 16.8 pct in Q4
EconomyMacroeconomyhas declined by 1.9 percentage points (pps) from the Q4 2018 figure of 18.7 percent. The current... figure for long-term unemployed has remained below 600,000 for a fourth consecutive quarter. Part
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QE arrives for Greece
Agora, the advent of the coronavirus has triggered. The emerging reality around us beats our wildest..., this institutional impediment has dissolved in no time as the virus is spreading across Greece and Europe
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