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Draft budget contains two scenarios on pensions, charts course within agreed fiscal targets
EconomyMacroeconomyyear. The budget was submitted late in the day, possibly because it coincided with the Eurogroup... the possibility of pensions not being cut by 1 percent of GDP next year despite the measure being pre-legislated in 2017. The macroeconomic assumptions for the new year are broadly in line
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Unemployment at 19 pct in July as inactive population increases
EconomyMacroeconomyyear, the unemployment rate came to 20.9 percent. July’s figure marks the fourth consecutive month... month-on-month, or a fall of 0.8 percent. Year-on-year, the figure for those employed increased... percent. Compared to July last year, the number of those unemployed went down by 104,449 or by 10.4
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Primary cash surplus at 19.54 bln in October on monthly and aggregate expenditure falls
EconomyMacroeconomyin the first ten months of the year, Bank of Greece (BoG) figures have shown. The headline figure includes... time last year was 2.88 billion euros. The overall cash balance posted a deficit of 334 million euros, improving by 233 million euros compared to last year’s figure which came to a deficit of 567
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Primary cash surplus at 20.34 bln in November as revenues grow
EconomyMacroeconomyin the first eleven months of the year, Bank of Greece (BoG) figures have shown. The headline figure... for the same time last year was 2.33 billion euros. The overall cash balance posted a surplus of 193 million euros, improving significantly on the deficit of 1.37 billion euros from the same period last year
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Newsletter 190 -18/01/2018
PASOK leader was in favour of the agreement when KINAL’s political council met last year to decide... at five-year low As Greece approaches the six-month mark after officially exiting its final bailout... percent year-on-year (YoY) between December 2017 and December 2018. The latest year’s data
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Unemployment rate at 18.5 pct in Nov as jobless drop below 900,000
EconomyMacroeconomyin October, Hellenic Statistical Authority’s (ELSTAT) data showed on Thursday. For the same time last year... the month, employment increased by 30,010 people month-on-month, or a rise of 0.8 percent. Year-on-year... stood at 3.22 million, declining by 27,385 month-on-month and by 58,336 year-on-year
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General govt primary cash surplus at 1.98 bln in March, arrears rise by 62 mln
EconomyMacroeconomymonths of the year, down by 556 million euros compared to the same period last year, according to the Finance Ministry’s (MoF) monthly gg bulletin. In the underlying subcategories, the biggest year-on-year (YoY) decline was noted in social security funds with an annual fall of 179 million euros
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Newsletter 207 -24/05/2019
revised downward its forecasts for Greece’s economic growth over the next two years. This year’s growth is seen at 2.1 percent, slightly lower than the 2.2 percent expected in November last year. Growth for next year is seen at 2 percent, from 2.1 percent in the previous outlook. The OECD highlights
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Current account deficit drops in April on improved goods and services balance
EconomyMacroeconomyin March according to Bank of Greece (BoG) figures released on Thursday. In the same period last year, the deficit stood at 1.49 billion euros, suggesting a year-on-year (YoY) deficit improvement.... The services balance improved to a surplus of 642.7 million from 570 million a year ago, representing
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Piraeus Bank posts net profit of 20 mln in Q2 from continued operations, NPE sales step up
EconomyBankingeuros, unchanged from Q1. In the same quarter last year, net results reflected a profit of 24 million... stood at 196 million euros. Excluding one-off items, PPI for the same quarter last year remained..., representing a rise of 2 percent year-on-year (YoY). Asset quality NPEs fell by around 800 million euros
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