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Govt opts to reopen schools on time, drawing opposition criticism
PoliticsGreek Politicsfurther precautions. The opposition party argued that infection rates among teenagers are already.... Centre-left KINAL also put forward its own proposals, seven in total, for the safer reopening
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Covid measures extended despite govt optimism, as inflation causes political tension
PoliticsGreek PoliticsPersistently high infection rates and a rapid increase in daily hospitalisations from Covid has led the government’s expert committee to advise against lifting restrictions on dining... over the last 24 hours, while intubations jumped by 30 to a total of 670. The worsening hospital
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Newsletter 323 - 14/01/2022
any talk about reducing VAT rates to cushion households from the inflation wave. Greece entered... committed in the budget to rein in the primary deficit at 1.2 pct of GDP, with a total deficit of 4
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Industrial turnover soars by 35.5 pct YoY in Jan, powered by petroleum products
EconomyMacroeconomybasis, industrial turnover in the total market dropped by 18.6 percent, led by drops of 46 percent.... The latest data captured growth rates for output, new orders, and employment well above the long
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Manufacturing growth slows in March as slower demand, costs and energy weigh on sector
EconomyMacroeconomyto an almost record rise in total costs. At the end of the first quarter of 2022, employment growth..., as output and new orders expanded at softer rates. Weaker client demand stemmed from soaring prices
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PM goes big on minimum wage increase, but opposition unmoved
PoliticsGreek Politicsrather than needing to have them enforced. Higher vaccination rates, falling infection numbers... cited in support of the decision. Plevris said 75 pct of the total population is now vaccinated
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Newsletter 344 - 01/07/2022
five months of the year. The total package has reached 8.44 billion euros. Five billion euros.... The efforts to get inflation under control will soon be compounded by the ECB increasing rates next
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Impact of uncertainty on economy starting to emerge in hard data
EconomyFeatures2021. Firms said that new orders dropped domestically and from abroad at rather sharp rates. Companies... on Greece’s trade balance, which is going deep into deficit each month. The total deficit up to May
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Newsletter 356 - 21/10/2022
environment that could reach 2 billion euros as all loan rates are hiked and banks have enough liquidity... picked up the first quarter of 2016, reaching 107.2 billion euros, at nearly 49 pct of total loans
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ND banks on public apathy in face of surveillance revelations
PoliticsGreek Politicsthe new bankruptcy code introduced gives banks and funds total impunity without the obligation... and rising interest rates are about to create a new generation of bad debts and has warned that it intends
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