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ND under fire over fast-track legislation, pandemic contracts as SYRIZA sleaze claims surface
PoliticsGreek Politics, and the government’s apparent reluctance to publish it, has become a focus of political controversy in recent days... at the company, which was listed on the Athens Stock Exchange, emerged in May 2018 during SYRIZA’s... of Folli Follie’s business at a time when it was negotiating a sale. The story was seized on by New
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Retail turnover rises by 4.4 pct and volume by 4.7 pct in October
EconomyMacroeconomyGreece’s retail sales index increased by 4.4 percent in October following a revised drop of 4.1 percent in September, Hellenic Statistical Authority (ELSTAT) data showed on Thursday. The latest month’s reading is the first positive reading since February’s rise of 3.6 percent. The corresponding
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Unemployment at 16.7 pct in October, unchanged from October 2019
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate came to 16.7 percent in October from an upward revised figure of 16.7 percent in September, Hellenic Statistical Authority’s (ELSTAT) data showed... available data from the Labour Ministry’s Ergani database for December showed that the balance
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Industrial turnover drops by 2.9 pct in November
EconomyMacroeconomyGreece’s industrial turnover fell by 2.9 percent year-on-year (YoY) in November compared...’s manufacturing PMI edged up to 46.9 points in December from 42.3 points in November. Production... the second-fastest since May. Finally, according to the European Commission’s economic sentiment figures
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Current account shows deficit of 1.26 bln in November
EconomyMacroeconomyGreece’s current account (C/A) balance posted a deficit of 1.26 billion in November compared... year-on-year (YoY). According to the BoG, November’s performance is due to an improvement in both... account’s deficit came to 139.2 million compared to a deficit of 155.5 million a year ago
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University bill passes as parties' ideological dividing lines are laid bare
PoliticsGreek PoliticsParliament approved on Thursday the government’s contentious bill on university reform, although the vote is unlikely to settle the debate, and protests, about Greece’s tertiary education. The draft... this was designed to end the presence of so-called “eternal” students at universities. From ND’s perspective
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Government rolls out red carpet to lure private wealth to Greece
EconomyFeatureschange Greece’s image following the country’s debt crisis. “Our target now is to attract very rich... with the government’s strategy to upscale tourism. There is no official estimate yet on how much additional tax
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Current account deficit hits €11.2 bln in 2020 after tourism collapse
EconomyMacroeconomyGreece’s current account (C/A) balance deteriorated by 8.44 billion euros to a deficit of 11.17 billion euros, compared to a deficit of 2.73 billion euros in 2019, Bank of Greece (BoG) data showed... that the month’s deficit worsened by 81.5 million euros year-on-year (YoY). According to the BoG, December’s
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Govt counts fiscal cost as Greece heads for lockdown extension
PoliticsGreek Politics’s hopes regarding a reopening of stores. It has also raised questions about why some government... again at Thursday’s European Council and Greek government sources suggested they were pleased... from pushing for the idea. The PM’s chief economic adviser, Alexis Patelis, told Bloomberg
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Labour market developments in Greece during Covid-19
Agora, even during the boom times leading up to the euro-crisis, Greece’s unemployment rate never dipped below..., in particular for an economy that is recovering from a crisis as deep as Greece’s. It can take as much...-partite dialogue between the government, unions, and employer’s organizations has helped some
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