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Opposition to vaccines hardens, revealing deep rift in public attitudes
PoliticsGreek PoliticsLow vaccination rates are emerging as an intractable issue for the Greek health authorities, as the return of holidaymakers and the start of the school year are expected to lead to a new surge.... The authorities are now encouraging parents to get children aged 12-17 vaccinated in time for the new school year
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PM opts for unconventional choice to overcome snag at new ministry
PoliticsGreek Politicsas the new government department seeks to learn from this year’s failings in fighting wildfires. In his... in place next year, accompanied by a lower trade tax and reduced VAT for catering and accommodation
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CPI up by 1.9 pct in Aug for highest reading in almost a decade
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) continued its rise in August, when it increased by 1.9 pct year-on-year (YoY) from 1.4 percent in July, according to the latest data from the Hellenic Statistical Authority (ELSTAT) released on Friday. The average CPI for the rolling 12 months fell by 0.8 percent
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Busy Q2 for securitisations sees rise in bad loans managed by servicers
EconomyMacroeconomyIn the second quarter of the year (Q2), loans managed by Credit Servicing Firms (CSF) stood at 61.75 billion euros, according to data released by the Bank of Greece (BoG) on Thursday. This reflects... of last year, loans managed by servicers were 39.94 billion euros. The data showed that most loans
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Rise in wages index slows to 2.5 pct in Q2 but hits six successive quarters of growth
EconomyMacroeconomyGreece’s seasonally adjusted (SA) Wages Index in the second quarter (Q2) rose by 2.5 percent year-on-year (YoY), slowing down from the 5.8 percent increase in Q1 2021, Hellenic Statistical Authority (ELSTAT) figures showed on Tuesday. The wages index captures employees’ gross earnings, including
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Mitsotakis, Erdogan keep distance at UN as summer moratorium draws to close
PoliticsForeign Policygovernment, which decided to represent itself at this year’s international high-level meeting... representation this year, the Greek delegation will not have high-level meetings on the sidelines
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Some key tasks pending as Greece edges closer to completing post-programme process
Economyunchanged with growth of 4.3 percent this year and 6 percent in 2022, however this is likely... around snap polls by June next year.
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After travels, domestic issues and party scepticism await Mitsotakis
PoliticsGreek Politicsamounting to roughly 3.5 billion euros this year and next. This is one of the reasons that since the TIF speech earlier this month, where Mitsotakis revised upward this year’s growth expectations to 5.9 pct
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Mood sours as Greece and Turkey head for new round of exploratory talks
PoliticsForeign Policythis year following a turbulent period in their relations. However, there are few expectations for real... waiting for ratification for a year now and will probably be voted following the next general
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Banks make steady progress on improving balance sheets via securitisations
EconomyBankingGreece’s systemic banks are moving ahead with efforts to improve their balance sheets, aiming for single digit NPE ratios and profitability next year through securitisations assisted by the extension.... The transaction is expected to be completed by the end of the year, following approvals for its
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