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Govt mulls more tools against inflation as cost of living set to soar
PoliticsGreek Politicsover the next few days is expected to include an inflation assumption around 3-4 pct, from 1 pct in the original budget, tourism revenues reduced by at least 5 pct on 2019 levels, and growth one
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New fiscal measures aim to edge Greece closer to deal with lenders
EconomyMacroeconomyranging between 1 to 5 euros per day for hotels with three stars or more or a tax rate between 3 to 5... and disagreement, with Athens having reportedly agreed on a set of fiscal measures. A joint statement... and pension reforms. On the fiscal front, the government has reportedly proposed a new set measures
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From pipe dreams to power cables: the changing map of Greece's energy ambitions
Agorathe original version of the document which was adopted as recently as 2019[1]. Like most facets... in 2022, compared to 1 billion euros at pre-war prices. At EU level, the REPowerEU programme introduced... revision to the NECP, Greece intends to meet the EU’s interconnectivity target of 15 pct by 2025[5
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Eurozone set to give next govt until Sept to address fiscal issues
EconomyProgrammefinance minister is likely to have to set out what fiscal measures the new government plans to take... Semester, the Commission recommends that Greece should: 1) Achieve a sustainable recovery and address
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Mitsotakis to set out lockdown relaxation plan as ND scales back economic support
PoliticsGreek Politicsof the pandemic could cost as much as 1 billion euros. Speaking to Skai TV on Sunday morning, the minister did... opposition party claims that two of the seven platforms used for the e-learning programme were set up after
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Does the EU Commission suffer from optimism bias? (Part 1)
Agora(the Book). In part 1 of this blog we will highlight differences in the macroeconomic scenarios... on the Maastricht deficit and debt Criteria. * * * Figure 1 below compares the baseline scenario... that was derived in preceding chapters of the Book.[1] The baseline scenario of the Book is well
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Greece gets tranche and looks ahead to next tasks, including pensions and NPLs
EconomyProgramme-tranche of 2 billion euros to Greece after the completion of the first set of milestones as well... on the second set of milestones that have to be implemented by mid-December to unlock the next sub-tranche of 1 billion. Eurogroup President Jeroen Dijsselbloem said that the pension reform has been moved
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Industrial production shoots up by 5 pct in March for highest rise since 2007
EconomyMacroeconomyThe Greek Industrial Production Index (IPI) advanced for the second successive month in March, at an accelerating rate of 5 percent in March after rising by 1.9 percent in February, according... by capital goods (+7.5 percent), consumer non-durables (+6.8 percent), energy (+5 percent
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Tourism could give economy annual 5 bln boost, NBG report finds
EconomyFeaturesTourism could generate an additional 5 billion euros for the Greek economy annually, according to new research by the National Bank of Greece (NBG). The report highlighted that the tourism industry... witnessed in other business sectors. The figure of 5 billion euros in extra tourism revenues is based
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Trade deficit continues to drop, falling by 5% in H1
EconomyMacroeconomy. Exports totalled 5 billion euros, rising sharply by 26.3 percent. In June last year, the trade.... The data for the first half of 2026 showed that the trade deficit decreased by 5 percent, bringing
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