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Reshuffle speculation resurfaces, swiftly dismissed by government
PoliticsGreek PoliticsAlmost like clockwork, as the summer approaches the rumours about a cabinet reshuffle have resurfaced in the Greek media. Several reports were published over the weekend suggesting that Prime Minister Kyriakos Mitsotakis is mulling the idea of making changes to his ministerial line-up in the coming
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Piraeus and Alpha forge ahead with share capital raises and securitisations
EconomyBankingActivity in Greece’s banking sector continues unabated as Greek systemic lenders proceed with their plans to improve their balance sheets and leave behind the legacy of the decade-long debt crisis. Piraeus Bank was the first to tap the positive mood around Greece and the sector, through a share
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Labour bill clash reaches climax as MPs prepare to vote on reforms
PoliticsGreek Politicsand that New Democracy’s reforms lack broad support in Greek society. The ruling conservatives have already
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Deposits edged up further as they rose by 359 mln in May
EconomyMacroeconomyNet deposit movements in the Greek banking system continued to grind higher, increasing by 359 million euros in May, compared with inflows of 3.13 billion euros in April, Bank of Greece (BoG) figures revealed. The outstanding balance of private sector deposits increased to 168.1 billion euros
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Credit growth in May slows to 2.2 pct; monthly flow -17 mln
EconomyMacroeconomyCredit movement in the Greek private sector rose an annual 2.2 percent in May, compared with 2.4 percent in April, Bank of Greece (BoG) figures showed on Friday. The net lending flow was negative, with a 17 million-euro net decrease in lending compared with a decrease of 787 million euros in April
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Catering and entertainment businesses chafe at vaccination status rules
PoliticsGreek PoliticsBusinesses are reacting to the latest raft of Covid-19 measures announced by the Greek government in tandem with the latest stage of lockdown easing. Indoor entertainment is due to reopen on July 1, while indoor dining will be reintroduced on July 15. Both, however, have been given the option
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Alpha Bank buoyed by 800-mln-euro share capital raise
EconomyBankingof the Greek economy. As part of its new strategic plan codenamed Tomorrow, Alpha Bank had announced
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PM opts for compulsory vaccinations in healthcare as Covid-19 cases continue to surge
PoliticsGreek Politicsthat the Greek constitution prevented the state from compelling its citizens to undergo a medical procedure
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Growing Covid threat foils government's attempt to look ahead
PoliticsGreek Politicsthat is expected in the coming years. Aware that the Greek public is fatigued, the ruling conservatives
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PM relies on patchwork of measures to keep Covid at bay as jab uptake flags
PoliticsGreek PoliticsKINAL. Second party SYRIZA, Communist Party KKE, leftists MeRA25 and far-right Greek Solution all voted
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