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Exceptional conditions behind reduced unemployment rate of 14.4 pct in March
EconomyMacroeconomy, the numbers provided may be subject to revision at a later date. For the same time last year... to February. Year-on-year, the figure for those employed decreased by 12,923 (-0.3 percent). Total... points (pps) year-on-year and came to 16.8 percent. The unemployment rate for men stood at 12.6
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ND feeling fiscal pressure as row over media handouts rumbles on
PoliticsGreek Politicscentre-right government, especially as it hopes to return to its programme of tax cuts later this year... with the reductions to taxes and social security contributions it had promised before it was elected last year... these interventions. It will have to agree a primary surplus target of less than 2 pct of GDP next year
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Budget primary deficit of 4.80 bln confirmed for May as Covid-19 measures hit
EconomyMacroeconomybillion noted in April. For the same month last year, the primary deficit came to 547 million euros. The budget balance in the first five months of the year recorded a sharp deficit of 7.49 billion euros compared to a deficit of 1.76 billion euros seen in the aggregate period last year. For the current
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Unemployment edges upward to 15.5 pct in April
EconomyMacroeconomyon Thursday. For the same time last year, the unemployment rate came to 17.5 percent. The current..., employment decreased by 23,820 people compared to March. Year-on-year, the figure for those employed... at 3.33 million. The unemployment rate among women fell by 2.6 percentage points (pps) year-on-year
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Piraeus Bank posts pre-tax losses of 215 mln in H1
EconomyBanking. Pre-tax results in Q2 came to 125 million compared to losses of 340 million in Q1 this year... million last year, representing an increase of 17 percent. On a like-for-like basis, the figure reached 493 million, increasing by 18 percent year-on-year (YoY). On a quarterly basis, PPI reached 285
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PM seeks fine balance as he prepares to unveil latest set of fiscal measures
PoliticsGreek Politics, pending a better economic performance next year, which would allow the government to restore public finances to the kind of condition they were in a year ago. Athens is conscious that it cannot allow... Union from next year would have to be put to use in a way that will contribute to a step-change
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Newsletter 266 -18/09/2020
since the end of the lockdown earlier this year, In a televised message, Kyriakos Mitsotakis called... for the start of the new school year. During an extensive press conference in Thessaloniki on Sunday... estimates for 9 pct recession this year and 6 pct growth in 2021, which suggests that Greece
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Newsletter 267 -02/10/2020
to Greece in almost a year, US Secretary of State Mike Pompeo pleased his hosts with his messages... in the revised Mutual Defense Cooperation Agreement (MDCA) between Athens and Washington, signed last year. This agreement will be extended for another year. Pompeo announced on Tuesday that the base in Crete
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Revised GDP data shows 1.9 pct growth in 2019, taking 2017-2019 upward streak to nearly 5 pct
EconomyMacroeconomyAs part of the second estimate for the national accounts and the regular cycle of base year... and the annual series base year to 2015, from 2010. The second estimate of the previous year usually... the quality control of the sources and methods. The revision of the base year may incorporate methodological
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Newsletter 271 -30/10/2020
that their parties have significant commonalities. Since last year’s elections, one of Tsipras’s greatest... period this year. Those earning between 601 to 800 euros decreased from 24.8 percent of all workers... line. In Q2 this year, a total of 31 percent of employees received earnings below the minimum wage
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