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Grim picture in labour market obliges govt to provide more job support schemes
EconomyFeaturesThe government is taking measures to mitigate the impact of the coronavirus pandemic on unemployment, particularly in sectors directly or indirectly connected to the tourism industry.
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PM forms panel to come up with strategy for use of EU recovery funds
PoliticsGreek PoliticsKyriakos Mitsotakis has announced the formation of a government committee to work on Greece’s strategy for using the money available to Athens via the EU recovery fund, a matter which the prime minister sees as vitally important for his administration and the economy.
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Economic sentiment at 90.8 in July, consumer confidence slips
EconomyMacroeconomyGreece’s economic sentiment (ESI) rose by 3.2 points month-on-month in July to reach 90.8 points, European Commission (EC) figures showed on Thursday.
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PM in search of recovery fund boost as parties clash over latest Novartis episode
PoliticsGreek PoliticsAs Prime Minister Kyriakos Mitsotakis arrived at the latest European Union summit in Brussels on Friday in the hope that an agreement would be secured on the Recovery and Resilience Fund (RRF), Greece’s domestic politics was focussed on the latest fallout from the Novartis scandal.
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EC trims 2020 recession forecast to 9 pct, but 2021 recovery also slashed
EconomyMacroeconomyThe European Commission slightly revised its forecasts for Greece in the interim Summer forecast released on Tuesday, compared to the Spring forecasts that were released at the beginning of May.
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Economic sentiment at 87.6 in June, consumer confidence & construction show recovery
EconomyMacroeconomyGreece’s economic sentiment (ESI) fell by 0.9 points month-on-month in June to reach 87.6 points, European Commission (EC) figures showed on Monday.
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EU report sees Greek population shrinking, ageing over next decades
SocietyThe European Commission (EC) has released its first report on the impact of demographic changes across the bloc.
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EU funds seen as cushioning Covid-19 impact, giving govt fiscal space
PoliticsGreek PoliticsGreece took another step towards normality on Monday as primary schools reopened along with a range of business, including hotels and catering firms, as the number of deaths from the coronavirus reached 177.
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Economic sentiment at 88.5 in May, consumer confidence begins to stabilise
EconomyMacroeconomyGreece’s economic sentiment (ESI) fell by 10.8 points month-on-month in May to reach 88.5 points, European Commission (EC) figures showed on Thursday.
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Athens welcomes volume, form of Commission's pandemic recovery plan
EconomyThere was a pleasant surprise for Greece on Wednesday when the European Commission announced its proposal for a Recovery and Resilience Facility (RRF) of 750 billion euros, which will be attached to the 1.1 trillion euros multi-year fiscal framework of 2021-2027.