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More fiscal measures lined up as Covid-19 seen shaving up to 0.9 pts off 2020 growth
EconomyThe government is lining up more fiscal measures to prop up the economy as forecasters becoming... reaches 0.7 to 0.9 pct with a severe impact on tourism, commerce and transportation up to the end..., reduced working days for all staff, paid leave of up to 30 days, reduction of tax obligations by 50 pct
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Car sales pick up pace in May, up 13.8 pct in first five months
EconomyMacroeconomywas made up of lorries (2,441) up by 2.8 percent and buses (133) up 3.9 percent. Motorcycle sales increased... cars categories in May, with new passenger cars rising by 8 percent and used passenger car sales up... annually. Passenger cars are up by 15.3 percent, lorries increased by 4.3 percent and buses down by 1.2
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Building activity up by 36.2 pct in Nov as rebound continues
EconomyMacroeconomydrop of 27.4 percent in permits. The bulk of total building activity (more than 90 percent) is related... Islands, which recorded a drop of 43.7 and 40.3 percent respectively over the trailing twelve months... decrease was recorded in Crete, Western Greece and South Aegean at 20 to 25 percent. The drop
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Greek PMI up to 50.1 in August, employment and profitability still falling
EconomyMacroeconomya solid rise in August, reversing the slight drop posted in the beginning of the third quarter... in production with higher new export orders contributing to the positive sales performance. After a drop... ending a two-month run of drop in total new business. New export orders also rose marginally
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Building activity up by 18 pct in Jan, permits dip below 1,000-mark
EconomyMacroeconomyshowed a 0.3 percent drop in apartment prices year-on-year in the fourth quarter of 2017. This followed a drop of 0.6 percent in Q3. Apartment prices have been falling since the first quarter of 2009. For all of 2017, the decline in property prices came to an average drop of 1 percent, improving against
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Tech start-ups click into place to fight off Greek recession
Society(NSRF). The program offered to cover around 50 percent of the start-up costs and was about four times..., user ratings, car model and on-board amenities. Since beginning its operations in May 2011, Taxibeat... start-up behind a mobile phone application that allows users to send interactive messages. “The key
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ECB stress tests and what they will mean for Greek banks
Economy, the EU economy develops in line with the European Commission’s (EC) projections up to 2016, whilst... and the dynamic model) will be the binding figure for Greek banks. Local media and market sources have... newspaper indicated on Saturday that Greek banks total capital shortfall may end up well below 1 billion
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The rise of a "Spanish SYRIZA" transform’s country’s politics
Agorathe “Spanish SYRIZA” has sprung up. Consequently, national politics in Spain seems to have turned... to SYRIZA. In June, both parties signed up to a “strategic alliance” for coordination at the European... program: an "equitable" fiscal reform, debt restructuring and a reformulation of Spain's economic model
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Energy cooperation provides platform for Greece and Bulgaria to strengthen ties
PoliticsForeign PolicyGreece and Bulgaria should seek ways to enhance their cooperation and model their relationship... Alexandroupoli, a port city in northeastern Greece. Both Tsipras and Borisov also stressed the need to step up... that Greece has to catch up with its neighbouring country. He said that “on Bulgarian soil railway
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Piraeus eyes major NPE deal as banks remain focused on bad loans
EconomyMacroeconomy. This in turn will lead to them signing up to manage almost the entire value of the bank’s current NPE... based on the Italian model of an Asset Protection Scheme (APS). The BoG is proposing that banks... schedule. Portfolio sales picked up as the main vehicle used by Greece’s banks for disposing NPEs
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