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EconomyProgramme
Seventh post-bailout review completed, lenders flag up state arrears and unpaid pensions Greece officially completed its seventh post-programme review on Wednesday, when the European Commission released the relevant report.
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EconomyFeatures
VAT gap of 30.1 pct in 2018 keeps Greece among worst performers in EU The European Commission's VAT Gap report has revealed that the European Union lost an estimated 140 billion in Value-Added Tax (VAT) revenues in 2018, equal to a total revenue loss of 11 percent across the EU.
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EconomyMacroeconomy
Economic sentiment at 90.7 in Aug, construction and retail dip Greece’s economic sentiment (ESI) edged down by 0.1 points month-on-month in August to reach 90.7 points, European Commission (EC) figures showed on Friday.
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EconomyFeatures
Grim picture in labour market obliges govt to provide more job support schemes The 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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PoliticsGreek Politics
PM forms panel to come up with strategy for use of EU recovery funds Kyriakos 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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EconomyMacroeconomy
Economic sentiment at 90.8 in July, consumer confidence slips Greece’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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PoliticsGreek Politics
PM in search of recovery fund boost as parties clash over latest Novartis episode As 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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EconomyMacroeconomy
EC trims 2020 recession forecast to 9 pct, but 2021 recovery also slashed The 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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EconomyMacroeconomy
Economic sentiment at 87.6 in June, consumer confidence & construction show recovery Greece’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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Society
EU report sees Greek population shrinking, ageing over next decades The European Commission (EC) has released its first report on the impact of demographic changes across the bloc.