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Higher number of firms and employees, increased average wage in private sector in 2016
EconomyMacroeconomyThe Labour Ministry published on Thursday the annual figures of its information system (Ergani) providing detailed figures on companies and workers with employment governed by private law for 2016.
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EU court ruling leaves margin for change to collective redundancy law
LegalA legal issue that has, for obvious reasons, major political significance arose after a request by the Greek Council of State to the CJEU for a preliminary judgment.
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Job hirings of 11,132 in Dec; 2016 net hirings at record high since 2001
EconomyMacroeconomyThe employment balance remained positive in December 2016, with net hirings increasing to 11,132 from 7,826 a year ago, data from the Labour Ministry’s Ergani information system showed on Friday.
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Unemployment rate edges down to 23 pct in October, lowest in 4.5 years
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate eased for the second straight month to 23 percent in October from 23.1 percent in September, Hellenic Statistical Authority (ELSTAT) labour force survey revealed on Thursday.
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Tsipras mixes rhetoric as review conclusion demands political decisions
PoliticsGreek PoliticsPrime Minister Alexis Tsipras continued to issue mixed messages on Wednesday: On the one hand, he defended his decision on the pension bonus despite his government frantic efforts to avoid this delaying short term debt relief, while on the other he insisted that the review could be concluded by the end of January and that talk of snap elections is “nonsense.”
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Unemployment rate drops again in Q3, reaching 22.6 pct
EconomyMacroeconomyThe Greek non-seasonally-adjusted unemployment rate fell again in the third quarter (Q3) of 2016 to 22.6 percent from 23.1 percent in Q2, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday.
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IMF sets out its stall as review deliberations resume in Athens
EconomyProgrammeFollowing the statements made during a regular press briefing by the IMF spokesman Gerry Rice last Thursday ahead of the resumption of discussions between the institutions’ mission chiefs in Athens, the IMF sent a very strong message regarding the Greek programme on Monday evening.
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Job departures at 37,667 in Nov, 11-month net hirings highest since 2001
EconomyMacroeconomyThe employment balance stayed negative in November 2016 with net departures rising to 37,667 from 24,674 in the corresponding period last year, data from the Labour Ministry’s Ergani information system showed on Monday.
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Fiscal dispute dominates as Greece and lenders gear up for more talks
EconomyProgrammeThe institutions’ mission chiefs are expected to return to Athens early this week to begin a new round of discussions with the Greek authorities on the ground, aiming clinch a staff-level agreement on the second programme review.
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Wages index rises again to reach 91 in Q3, highest since Q4 2012
EconomyMacroeconomyThe seasonally adjusted (SA) Wages Index rose for the fourth successive quarter in the third quarter (Q3) of 2016, albeit at a slower pace of 1 percent year on year (YoY) from a higher increase of 4.6 percent in Q2, Hellenic Statistical Authority (ELSTAT) figures showed on Friday.