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Greeks' working hours among highest in EU, annual leave below average
Societywas reported as being lower in the 13 new member states. One sector where Greek workers were reported... to the collectively agreed working week, was reported by workers in the UK with 42.3 hours. Greek workers had.... A substantial disparity between days off between EU workers was noted in the report. The annual leave
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Record year for company launches in 2018, small enterprises continue to dominate
EconomyFeaturesto 101,676 such companies coming off the registry in 2011 alone. The next most popular category was private... Greek businesses, require capital of 60,000 euros, have decisions dominated by shareholders... active or ceased to trade in Greece across the years. It also does not capture Greek companies
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Despite PMI rise of 0.9 pts in Sept, manufacturing stays in contraction for third month
EconomyMacroeconomythe 12-month horizon. “Greek manufacturers rounded off a challenging quarter by registering further... the third consecutive decline in the state of the Greek manufacturing sector, though S&P Global notes... by challenging economic conditions and inflationary pressures in key exports markets, leading to new export
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ND tries to swerve fresh graft claims as EP scandals, phonetapping hang over budget debate
PoliticsGreek Politicsby her Greek lawyer in the domestic media. On Thursday, it was reported that her husband, lobbyist... Affairs (LIBE) committee, which shows the Greek MEP cast a vote in favour of visa liberalisation... been announced on November 14. Spyraki is accused of fraudulently signing off on allowances
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Lower spending, extra revenues result in budget execution beating targets in March
EconomyMacroeconomya one-off item of 555.6 million, which relates to a presubscription fee received by the Hellenic Financial Stability Fund (HFSF) from Greek banks in 2012 but was transferred to the state through a recent... to the prevailing (tight liquidity) conditions. It also added that after the stabilisation of those
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Tsakalotos eyes conclusion of review and debt talks, will not dispute pension cuts
EconomyProgrammeThe Greek government remains confident about concluding the fourth review on time and does... and the debt, then we’ll see.” The idea of the lenders agreeing to the pension cuts being put off, unless.... The reluctance of Germany and other eurozone member states to agree to a mechanism that is free of conditions
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Newsletter 301 - 18/06/2021
on Monday night, Tsipras criticised New Democracy on a range of issues, from their handling of Greek... that Covid-19 crisis forced Mitsotakis to implement redistributive programmes, but that as these tail off... season approaches its peak and countries will set the conditions for travel to the country. The PBO
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ND mounts counter‑offensive after PASOK congress but keeps focus on inflation
PoliticsGreek Politicsthe government’s collaboration with ultranationalist Greek Solution and its leader Kyriakos Velopoulos... of market conditions, assess the effectiveness of existing measures, and determine the next steps. Government sources stress that this is not a one‑off initiative but part of a continuous cycle
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Government caught between milestones and corruption claims
PoliticsGreek Politicsover the past few days and is struggling to shake off accusations of corruption. Monday sees two... not expect any surprises. Should the remaining prior actions be ticked off as well, Athens hopes.... The rounding off of this process would allow the second review to begin in earnest. Prime Minister Alexis
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April saw first rise in Greek banks' Eurosystem funding this year
EconomyMacroeconomyGreek banks’ Eurosystem funding increased by 1.27 billion in April, showing a monthly rise... with a senior unsecured bond issue of 750 million euros in April, our understanding is that Greek banks... that have been granted to Greek banks following the voting of a bank liquidity and capital support bill
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