Tag #Greek Economy

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Tasoula Elected as New Greek Parliament President

Konstantina Tasoula was elected president of the Greek Parliament after intense negotiations and last-minute maneuvering, replacing Katerina Sakellaropoulou; the article details the behind-the-scenes political dynamics that led to this decision.

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8% Bias Score

Reduced Inequality
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Athens Stock Exchange Hits 14-Year High on Banking Sector Strength

The Athens Stock Exchange closed at a 14-year high today, reaching 1,506.61 units (+1.33%), driven by strong bank performance and exceeding 1,500 units for the first time since April 2011. Trading volume reached €167.02 million, with €17.3 million in pre-arranged packages.

Progress

40% Bias Score

Decent Work and Economic Growth
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Greek Developers Secure Building Permits Before Bonus Removal

Greek housing developers secured building permits in September using NOK bonuses before their anticipated removal, resulting in significantly larger average building areas (1091 sq.m in Attica) compared to previous months; the government's proposed amendment protects these permits.

Progress

36% Bias Score

Sustainable Cities and Communities
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Surge in Greek Housing Construction Volume in September 2024 Amidst Anticipation of Supreme Court Ruling

Greek housing construction saw a surge in buildable area and volume in September 2024, despite a near-stagnant number of permits issued, likely due to builders trying to utilize "bonuses" from the new building code (NOK) before an October Supreme Court ruling.

Progress

48% Bias Score

Sustainable Cities and Communities
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Greece Launches €100 Million Program to Boost Entrepreneurship Among Unemployed

Greece's Public Employment Service (DYPA) launched a €100 million program on December 19th, 2024, to support 5,880 unemployed individuals (aged 30-59) in creating new businesses, prioritizing women, with funding from the Greek government and the European Social Fund Plus.

Progress

20% Bias Score

Decent Work and Economic Growth
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Data Analytics: Unlocking Economic Growth in Greece

Greek businesses using data analytics see significant cost savings and productivity gains; open data initiatives promise further economic growth, but Greece's open data impact score remains low despite strong policy.

Progress

40% Bias Score

Industry, Innovation, and Infrastructure
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Greek Tax Cuts in 2026 Tied to Tax Evasion Crackdown

The Greek government plans tax cuts for 2026, contingent upon generating €3.2 billion over two years by cracking down on tax evasion through measures like myDATA and electronic invoicing; this revenue will finance the tax reductions.

Progress

36% Bias Score

Reduced Inequality
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Greek Government Weighs Intervention in Swiss Franc Loan Crisis

The Greek government is considering intervention in the issue of Swiss franc loans, impacting thousands of borrowers with €4.5 billion in debt, while facing constraints from Supreme Court rulings and concerns about financial stability.

Progress

28% Bias Score

Reduced Inequality
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Greek Court Upholds €24.56 Million OPAP Fine

A Greek court upheld a €24.56 million fine against OPAP for abuse of dominance, rejecting a challenge from the Hellenic Gaming Commission, setting a precedent for inter-agency disputes.

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12% Bias Score

Decent Work and Economic Growth
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Greece to Raise €8 Billion in 2025, Utilizing Capital Inflows and Cash Reserves

Greece plans to raise €8 billion from markets in 2025, significantly less than its borrowing needs of €15.283 billion, using capital inflows and high cash reserves to cover the remainder; this strategy is driven by a strong primary surplus and favorable debt structure.

Progress

24% Bias Score

Reduced Inequality
kathimerini.gr
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Greek Tax Revenue Improves Amidst Higher Compliance

Greek tax authorities report that 80% of taxes are paid on time, with corporate income tax and VAT showing significant increases due to government measures promoting electronic transactions, while individual taxpayer compliance is lower.

Progress

40% Bias Score

Reduced Inequality
kathimerini.gr
🌐 85% Global Worthiness
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Piraeus Bank Forecasts €10 Billion Credit Expansion, Strong Growth

Piraeus Bank projects a €10 billion net credit expansion over four years, driven by strong business loan demand and Recovery Fund participation, aiming for a 2.7% net interest margin and increased dividend payouts.

Progress

52% Bias Score

Decent Work and Economic Growth