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Covid-19 lockdown, slump suppress electricity demand and edge out lignite
EconomyFeaturesduring the month of April, Greek electricity was totally lignite-free. Lignite’s contribution... 90s, and was at 25 percent as recently as January 2020. Greece’s national energy strategy mandates...’s “green new deal” depends heavily on new investment in the energy sector to replace legacy
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April drop of 9.9 pct for industrial production largest since 2011 as virus takes toll
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) decreased by 9.9 percent year-on-year (YoY) in April.... Industry confidence is currently at the lowest it’s been since November 2016 when the indicator came to -16.6 points. In addition, Markit’s PMI for May increased to 41.1 points from 29.5 points
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Parties jostle over economic data, public still backs ND approach on pandemic
PoliticsGreek Politics. SYRIZA took the opportunity to launch another attack on the government’s efforts to cushion the impact... are satisfied with the measures the government has taken so far to mitigate the pandemic’s economic... if the price is right. In terms of the support for the parties, there has been little change since last month’s
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Release of refugees creates new difficulties for minister
PoliticsGreek PoliticsThe government’s handling of the migration issue is coming under scrutiny again after hundreds... and cycle path in central Athens, apparently piggy backing on the government’s advice to Athenians..., is trying to follow in his uncle’s footsteps and show that he is a “doer” but the last few days have
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EU report sees Greek population shrinking, ageing over next decades
Societythat the bloc’s demographic issues were brought into sharper focus due to the coronavirus crisis. “Over... to outstrip births. Greece’s fertility rate rose towards the end of the 1960s and has been... between 2020 to 2070. Greece’s overall population is anticipated to decline over the next 50 years
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PM sees 'new Greece' rising from Hellinikon rubble, pledges more aid for struggling firms
PoliticsGreek Politicshad been one of the flagship investment projects identified by Mitsotakis during last year’s... Athens for Friday’s publicity opportunity. Apart from the 2 billion euros that Lamda is planning... at a faster pace after Lamda set out its plans in 2013. SYRIZA dismissed Friday’s events
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Industrial production drops by 7.5 percent in May
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) decreased by 7.5 percent year-on-year (YoY) in May..., Markit’s PMI for June increased to 49.4 points from 41.1 points, according to the latest data from... and a notable improvement from April’s historically low reading. This was partially driven
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Higher Covid-19 numbers spark concern as tourism sees little benefit from visitor arrivals
PoliticsGreek Politicstreatment. According to a report in Sunday’s Kathimerini, experts at the Health Ministry who monitor daily data are looking closely at what is happening on Greece’s land borders, where numerous... at limiting the number of so-called “imported” coronavirus cases. Tourism and revenues Opening Greece’s
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Primary cash balance deficit at 6.71 bln in June
EconomyMacroeconomyGreece’s central government primary cash balance recorded a deficit of 6.71 billion euros... euros to 18.13 billion euros against last year’s total of 20.89 billion. Expenditure for June dropped... Investment Budget (PIB) balance came to a deficit of 264 million euros, slightly higher than last year’s
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Political leaders discuss stance on Turkey, as judicial interference case divides Parliament
PoliticsGreek Politicsas constructive by the PM’s office, but “difficult in places” by SYRIZA sources. Fofi Gennimata... echoed Tsipras’s call for a tough response, saying that “Greece can and should deter Turkish... criticism of the government’s handling over previous days. Papangelopoulos The consensual climate
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