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  1. Quarterly unemployment edges up to 10.4 pct in Q1 on back of seasonal factors
    Photo by MacroPolis

    EconomyMacroeconomy

    to the tourism sector peak in Q3 each year. A total of 488,085 were recorded as unemployed in Q1... marginally by 1.4 percent compared to the previous quarter and rising by 1 percent from the same quarter... of long-term unemployed (more than 1 year) came to 247,600 people, representing 50.7 percent

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  2. Unemployment jumps to 10.6 pct in Q1 - highest in two years
    Photo by Gerasimos Domenikos/Fosphotos

    EconomyMacroeconomy

    unemployed (more than 1 year) came to 248,900 people, representing 49 percent of the total unemployed... peak in Q3 each year and the build-up in hiring for the high season in Q2. A total of 508,401 people... of total, while the share of persons with temporary jobs was 7.3 percent. Full-time employment

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  3. A closer look at planned laws for unpaid taxes and home foreclosures

    EconomyMacroeconomy

    billion (97 percent of the total). The upper bracket, including those who owe more than 1 million each... of total. Of this amount, the Finance Ministry aims to collect revenues of at least one-third or 3... of this category stand at 2.3 billion, making up just 3 percent of the total amount. In contrast, 326,000

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  4. Last round of Greek banks' recapitalisation drastically shifts shareholder structures

    Economy

    and the voluntary bond swap offers (LME). In addition, two banks (NBG and Piraeus) received a total state aid... in Greek banks is the European Bank for Reconstruction and Development (EBRD), which invested a total... current price stands slightly above (+1 percent) offer price, while Piraeus’ stock is marginally

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  5. Addressing some misconceptions about Greek budget revenues and unpaid taxes

    Agora

    consumption taxes were almost exactly where they were expected to be. Overall, total tax revenues reached 38.4 billion euros in the 11-month period. This means they exceeded their target 1 percent or 393... reason for the total revenue underperformance. Tax arrears An important indicator related

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  6. Special ELSTAT report reveals dramatic changes in labour market since 1980s
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    (less than 5 months) exceeded the long-term figure. Long-term to total unemployment started rising... been jobless for more than two years to the total unemployed has risen from 21.8 percent in 2009.... In 2015, more than half (51.2 percent) of the total jobless figure were unemployed for more than

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  7. Fraport reveals airport plans as major privatisation overcomes obstacles
    Photo by Panayotis Tzamaros/Fosphotos

    Economy

    , while its total investment is seen close to 1 billion euros. This includes additional maintenance... million for the 40-year life of the concession bringing the total guaranteed cash consideration... in an increase of 100,000 square meters in the terminal size of the 14 airports to a combined total size

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  8. Greece completes first bond issue in three years, eyes more on way out of programme
    Photo by Panayotis Tzamaros/Fosphotos

    Economy

    (ISIN: GR0114028534) for a total amount of 4.03 billion at a price of 102.6 percent of nominal... reached 4.625 percent. Total offers exceeded 6.25 billion euros from 200 investors largely related... offer was 2.08 times oversubscribed. Of the total amount of 3 billion raised from the new bond

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  9. General govt primary cash surplus at 7.15 bln in Nov, arrears reduced further
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    , total arrears have declined by almost 1 billion euros. This was driven by declines in SSFs and tax... for 21.6 percent of the total. Arrears Arrears to the private sector (including tax refund arrears... of November. The next largest sector was tax refunds​,​ which constitute 19.8 percent of the total (776

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  10. Pensions spending stable but early retirees burden system
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    payments on a monthly basis. The latest bulletin showed that a total of 4.5 million pensions were paid in July 2018, coming to a total of 2.30 billion euros. The bulletin excludes payments through... of the total number of pensions paid, 2.8 million relate to main pensions, 1.2 million to supplementary

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