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Current account surplus at 1.21 bln in September on services balance growth
EconomyMacroeconomy, while liabilities under direct investment increased by 305 million. The BoG noted that the most... by 348.1 million euros year-on-year and was mainly driven by a rise in the services balance, which rose.... The services balance grew by 14.5 percent off improvements in all subaccounts, and stood at 2.76
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Newsletter 65 - 04/03/2016
for the next steps, starting with the quadriga’s return to Athens. We understand that the IMF... spending by 70 percent over the next three years to leave it in a position to service its debts, which... saw last year how Greece’s state machinery seized up as the government focussed solely
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Defence agreement, views on Turkey attract most interest during Pompeo visit
PoliticsForeign Policyand Turkey’s activities in Cyprus’s Exclusive Economic Zone. Turkey Pompeo sent what Athens saw... of the S400 which is of a particular interest for the US. Upgraded role? The debate that has begun
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Finance Ministry seeks solutions to address growing housing problem
Economythe information they need through yet another digital government service. The actions include 21 housing... Kyriakos Mitsotakis announced the launch of the “Stegasi” platform, which brings together various
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Mitsotakis tests PASOK with proposal to end permanence in civil service
PoliticsGreek Politicsof scrapping permanence in the civil service. However, it also appears that Mitsotakis and his aides... of breaches of the civil service code. He also went on to criticise the evaluation process in the civil service, arguing that the assessment is being carried out by general managers and department chiefs
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Govt faces pushback from food service sector over re-opening rules
PoliticsGreek Politicswill not open their establishments because they will not be able to earn enough revenue. The food service... an indication of how concerned the government is about keeping the food service sector content and able... that the government would not abandon food service businesses – another sign of the importance
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Lowest income groups in Greece saw wages drop and taxes rise most during crisis
SocietyLower income groups in Greece saw their tax burden increase by 337.7 percent from 2008 to 2012... percent from 2008 to 2012, the bottom three income groups saw their earnings from wages sink the most...) was in the 5th decile while those at the top saw their wage income fall by 9.3 percent. It also finds
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Turnover indices in most service activities deteriorate in Q4
EconomyMacroeconomy, with the most notable deterioration in information service (-29.6 percent), management consultancy...) and information service (+60.6 percent). It is pointed, though, that the turnover indices are not seasonally...) and architectural and engineering activities (-41.8 percent). On the flipside, only two service sectors
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Growing concerns over second lockdown in food service sector, a key employer
EconomyFeaturesRepresentatives of the food service sector have been expressing their concern about the survival... that the three sectors with the highest negative hiring balance were catering service activities (-29,295), accommodation (-15,396) and the food industry (-5,823). The food service industry
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Health service weakness highlighted as Covid deaths hit record high and research points to ICU disparity
PoliticsGreek Politicsto explain why he did not do anything to strengthen the health service after being made aware... per day. This suggests that the health service struggles greatly when the patient load is above 400... argument that the government has ignored serious failings in the health service and not done enough since
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