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BoG sees growth of 4.2 pct this year but warns of multiple challenges ahead
EconomyThe Bank of Greece issued on Monday the Monetary Policy Report for 2020-2021, which was submitted to the Parliamentary Speaker and the Cabinet. The BoG is optimistic about the prospects of the Greek economy in the short to medium-term, however it does h...
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BoG sees banks on right path, warns impact of pandemic not visible yet
EconomyBankingThe progress made by Greece’s banks to clean up their balance sheets was reflected in the latest financial stability report published by the Bank of Greece (BoG) on Thursday. BoG also highlights the various challenges that credit institutions will need ...
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PBO outlines positives from 2021, warns about uncertainty in 2022
EconomyThe Parliamentary Budget Office (PBO) published its last report for 2021, in which it outlines the favourable macro and fiscal conditions evident during the first nine months of the year. However, it points out that a series of challenges started to app...
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ND warns of fiscal risk from SYRIZA pledges as Tsipras takes heart from Cyprus polls
PoliticsGreek PoliticsNew Democracy has been picking apart SYRIZA’s economic programme, accusing the left-wing opposition of making promises it can’t deliver and risking fiscal derailment in the process. According to figures put out by sources close to PM Kyriakos Mitsotakis...
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BoG sees 2.2 pct growth in 2023 but warns new govt must stick to reforms
EconomyIn the Bank of Greece governor’s annual report for 2022, Yannis Stournaras outlined the progress that the economy made in 2022, although the year was marked by increased global uncertainty and the challenges posed by the conflict in Ukraine and price pr...
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OECD ups growth outlook for 2023, warns about headwinds affecting demand and consumption
EconomyMacroeconomyThe OECD has become the latest international organisation to incorporate the more positive outlook for the Greek economy into its projections, revising upwards its growth forecast for 2023, to 1.6 pct, from 1.1 pct in the January estimate. Next year’s e...
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Government paves way for major U-turn on migration as opposition warns of interference in regulators
PoliticsGreek PoliticsMeasures to manage migration, including a major regularisation programme, have been mooted by Greek government officials this week in what could turn out to be major policy reversal for the Mitsotakis administration. Ministers are linking the changes to...
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Kasselakis warns of SYRIZA shake-up, as ND ousts former minister over assault video
PoliticsGreek PoliticsThe delayed reaction to the EP election result looks set to culminate at the end of this week as SYRIZA’s organs hold emergency meetings, with leader Stefanos Kasselakis signalling radical changes to the opposition party’s governance. The governing New ...
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Water shortages a growing concern as government warns bills could increase
PoliticsGreek PoliticsGovernment officials are warning that water bills could go up to fund urgent work on water supply networks, while major projects to meet the capital’s needs look set for delays and further cost increases. Environment and Energy Minister Stavros Papastav...
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Mitsotakis distances himself from Israel’s Lebanon offensive as industry warns of energy crunch
PoliticsGreek PoliticsPM Kyriakos Mitsotakis has sought to reframe Greece’s perspective on the evolving situation in the Middle East, taking a more critical view of Israel’s actions in Lebanon while still trying to maintain a strategic balance as a partner in regional securi...
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