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Growing concerns over second lockdown in food service sector, a key employer
EconomyFeaturesGreece’s catering sector is bracing for the impact of new measures to contain the virus and sounding the alarm that the industry cannot survive a second lockdown. The catering industry has been in decline across the year due to reduced demand. A wave of...
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PM identifies pending pensions as key problem, while row brews over media law
PoliticsGreek PoliticsPrime Minister Kyriakos Mitsotakis has identified clearing the pensions backlog as one of the government’s priorities for 2021 after New Democracy struggled to live up to its pledge to ensure retirees receive their payments in less time than in the past...
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New Covid measures readied as doubts about key cabinet choices rub off on PM
PoliticsGreek PoliticsThe first opinion poll to be published since the recent cabinet reshuffle provides the first indication that Prime Minister Kyriakos Mitsotakis’s personal popularity has taken a direct hit for government decisions. For the first time since April 2020, t...
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Some key tasks pending as Greece edges closer to completing post-programme process
EconomyGreece formally completed the eleventh post-programme review, which took place remotely in mid-July and was followed by regular consultations, with the report published on Wednesday by the European Commission. The report concludes that Greece has taken ...
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FinMin tables recovery budget, foreseeing across-the-board improvement in key numbers
EconomyMacroeconomyThe Finance Ministry submitted to Parliament on Monday the draft budget for 2022 in which Greece is seen leaving behind the impact of the pandemic. The nominal GDP is expected to recover above the pre-pandemic levels of 2019 and the budget paves the way...
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S&P holds off on new rating upgrade, ECB holds key to investment grade
EconomyAlthough the rating review by S&P scheduled for last Friday had created some anticipation that a further credit rating upgrade could be on the cards, the rating agency did not publish a review, closing the year with a ‘BB’ grade and positive outlook. Th...
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Moody's, DBRS keep ratings unchanged, leave no doubt that fiscal prudence is key for next moves
EconomyMoody’s and DBRS issued on Friday night their scheduled credit reviews for Greece, both leaving the rating and outlook unchanged. This was the most likely outcome given the global challenges and the uncertain times on several fronts. Moody’s kept Greece...
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Mitsotakis makes final push for comfortable majority as small parties hold key
PoliticsGreek PoliticsKyriakos Mitsotakis has issued a final plea to New Democracy voters to participate in Sunday’s elections as a low turnout among conservatives seems the only potential obstacle standing in the way of the centre-right party returning to power for another ...
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Energy a key driver for further import prices drop of 14.6 pct in Aug
EconomyMacroeconomyGreece’s import price index continued to contract in August, falling by 14.6 percent year-on-year (YoY) after dropping by 14.4 percent in July, according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday. The consecutive negative...
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Key factors in cost-of-living crisis not kept in check
AgoraThe cost-of-living issue is beginning to bite the Greek government. After nearly two years of rising prices, the public has overwhelmingly placed it at the top of their concerns, essentially showing disapproval of the measures taken to combat inflation....
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