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Great Expectations: Is Greece 2.0 hitting the target?
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EconomyFeaturesFunding from the EU’s Recovery and Resilience Facility has been central to shaping expectations of economic recovery in Greece as the country emerges from its ten-year economic crisis and the Covid-19 pandemic.
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Labour database shows 8 in 10 workers earn less than 1,200 per month
EconomyThe annual edition of data from Ergani, the Labour Ministry’s database, gives a good snapshot of Greek entrepreneurship and economic activity as well as details about the earning capacity of workers.
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Company revenues rise by 35.5 pct in 2022 on back of inflation and card transactions
EconomyMacroeconomyThe total turnover of enterprises in the Greek economy for 2022 jumped by 35.5 percent year-on-year (YoY), from 19.7 percent in 2021, based on data released by ELSTAT on Tuesday.
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Record FDI flow into Greece raises bar, but is it sustainable?
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EconomyFeaturesGreece has reported record flows of inward investment in 2021 and looks set to exceed the amount again in 2022.
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Manufacturing remains in contraction for Oct as business optimism falls to lowest since May 2020
EconomyMacroeconomyGreece’s Manufacturing PMI resumed its slide in October, falling by 1.6 points to 48.1, from 49.7 points in September, according to S&P Global data released on Tuesday.
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One unicorn does not a Silicon Valley make: positive news on startup front also highlights limitations
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EconomyFeaturesRecord investments in Greek startups and a number of headline-grabbing exits – including Greece’s first “unicorn” – have generated a lot of interest in the space which the government views as a national success story. A closer look at the numbers reveals positive trends over recent years, however it also highlights the need for some perspective around a subject that is often susceptible to hype.
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PMI up to 58.6 pts in June on strongest rise in new orders for 21 years
EconomyMacroeconomyGreece’s manufacturing PMI in June reached 58.6 points, from 58 points in May, signaling the ongoing improvement in market conditions in Greece, as compiled by Markit.
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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.
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Govt calls on local businesses and banks to free up capital for investment
PoliticsGreek PoliticsPrime Minister Kyriakos Mitsotakis has called on Greece’s entrepreneurs to invest in the country as his government seeks a decisive shift away from the travails of the pandemic, which look like they may linger for a little while longer at least.
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Company closures dropped sharply during the pandemic
EconomyFeaturesThe number of enterprises in Greece that closed last year fell by more than a fifth last year, while the number of new start-ups was virtually unchanged from the year before, according to data from the Hellenic Statistical Authority.