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Govt views pandemic window as opportunity to advance contentious reform agenda
PoliticsGreek Politicswith a series of emblematic reforms and announcements before the summer recess. Wednesday’s cabinet meeting is expected to focus on two key legislative initiatives from New Democracy’s manifesto... on his government’s recent successes to resume the reform agenda which was largely set aside to deal
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Govt talks up benefits of pension reform as Delta variant concern grows
PoliticsGreek Politicsthat the emergence of the Delta variant of the coronavirus could disrupt these plans. The country’s health... at the PM’s office that included local government officials from the island. Following the death... was initially put on Britain’s “green list”. However, the Greek government has openly courted the UK
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BoG sees growth of 4.2 pct this year but warns of multiple challenges ahead
Economy-term, some of which were brought to the fore again by the pandemic. Greece’s central bank also urges... that are enjoyed thanks to the ECB’s PEPP could go away when the programme is ended before Greece... of the vaccination programme is a prerequisite for Greece’s recovery and return to growth. Certain sectors
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Retail sales soar by 38.9 pct YoY in April, a year after first lockdown
EconomyMacroeconomyGreece’s retail sales index jumped by 38.9 percent year-on-year (YoY) in April, following a revised... of last year’s first lockdown, which was lifted at the start of May. The corresponding volume index.... The European Commission’s latest business indicators for June showed a slight pause in consumer
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June CPI rises by 1 pct YoY
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) increased by 1 percent year-on-year (YoY) in June, after...-on-month, the CPI for June rose by 0.9 percent. Up until May’s reading, the CPI had remained consistently negative for the previous 13 months. Last December’s 2.3 percent drop surpasses the previous lowest
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Scrutiny over mandatory vaccines puts govt on tricky ground
PoliticsGreek Politicsat the moment about all civil servants needing to take the jab. The government’s decision to toughen..., the government’s position was that it had simply “respectfully respected” the clerics to play a part... not urge worshippers, or clerics, to get the jab. New Democracy’s cautious approach with respect
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Current account shows deficit of 1.4 bln in May as imports rise
EconomyMacroeconomya deficit of 926 million euros, meaning that the month’s deficit worsened by 476.7 million euros year-on-year (YoY). According to the BoG, May’s performance is mainly due to a worsening in the balance... a surplus of 1.65 billion, improving by 158.6 percent YoY. The secondary income account’s deficit came
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Retail index rises another 15 pct in May from 2020 lows
EconomyMacroeconomyGreece’s retail sales index continued its impressive rise with a 15 percent year-on-year (YoY) rise... last year and it reflects the base effect of last year’s first lockdown, which was lifted at the start... by 5.8 percent month-on-month, while volume increased by 5 percent. The European Commission’s latest
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CPI up by 1.4 pct in July as higher fuel prices and cost of electricity filter through
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) increased by 1.4 percent year-on-year (YoY) in July.... Month-on-month, the CPI for June rose by 0.9 percent. Up until May’s reading, with a marginal increase...’s 2.3 percent drop surpasses the previous lowest reading of -2.2 percent seen in July 2015
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Unemployment at 15 pct in June
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate dropped to 15 percent in June from a revised 15.8 percent in May, Hellenic Statistical Authority’s (ELSTAT) data showed on Thursday. For the same... from the Labour Ministry’s Ergani database for June showed the employment balance was positive
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