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Growth in accommodation and food services turnover slows to 6 pct in Q1
EconomyMacroeconomythe growth rate in international tourist arrivals at the main Greek airports significantly slowed to 6.6 percent in April bringing the 4-month rate at 17.5 percent. In its initial 205 estimates published... months. Another key concern for the sector relates to the expected change in the VAT rate on hotels
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High levels of dissatisfaction among Greeks, Eurostat report shows
SocietyGreece’s currently unfavourable labour market situation, with an employment rate of 52.9 percent and an unemployment rate of 27.3 percent in 2013,” the report said. It also recorded a very high... to an EU average of 7.5), possibly because 27.3 percent of them –the highest rate among the older EU
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Newsletter 30 - 12/06/2015
to reach an agreement. Unemployment rises in Q1 The non-seasonally-adjusted unemployment rate rose..., an improvement of 1.2 points from Q1 last year, when the rate reached 27.8 percent. The number of long... (CPI) fell by 2.1 percent in May, which was the same rate of decline as in April. This means the last
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PMI falls to 46.9 pts in June in ten straight months of contraction
EconomyMacroeconomyrate over the past two years. At the same time a marked increase was evident in suppliers’ delivery... trend albeit demand for inputs further slipped. The rate of deterioration in vendor performance... that although sold, the rate of drop in output prices was the slowest over the past nine months. Markit
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Where the key differences between Greece and the institutions lie
EconomyProgramme. The institutions propose the 13 percent rate to be applied on basic food and water excluding sewage, whilst...’ proposal non-basic food, hotels and sewage are in the 23 percent rate bracket In a later proposal tabled by lenders on June 26, the institutions agree to move the hotel rate to 13 percent. This created
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Travel receipts up 17 pct in May as average expenditure per trip rebounds
EconomyMacroeconomyGreece's travel receipts continued heading north at a double-digit rate in May, when they rose... deceleration in June with the growth rate landing at 3.2 percent from 6 percent in May. The year... in the Athens airport grew by an impressive 25.6 percent in June and by a similar rate also in the first half
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Disposable income up by 2.6 pct in Q1 for highest reading since 2009
EconomyMacroeconomyto the Hellenic Statistical Authority (ELSTAT). The growth rate in Q1 is the highest positive reading over... in the first five years of the 6-year period. In contrast, property income fell by a double digit rate... billion less than a year ago. As a result, the saving rate of households (defined as gross savings
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Early rounds of talks with lenders focus on possible prior actions
EconomyProgrammethat the institutions have asked for the abolition of the new solidarity levy rate of 8 percent... levy rate was set at 6 percent. The institutions are also asking the government to adopt legislation...) Reduction by 50 percent in the subsidy expenditure for heating oil. 5) Increase the rate of the tonnage
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CPI falls by another 2.2 pct in July as VAT rises yet to be recorded
EconomyMacroeconomyThe rate of drop in the Greek consumer price index (CPI) remained at 2.2 percent for the second... the decelerating trend that was evident since January when the rate of decline peaked to 2.8 percent. ELSAT... in the middle of each month. Thus, ELSTAT stresses that the implications from the VAT rate streamlining
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Economic situation biggest worry for Greeks, latest Eurobarometer shows
Societyunemployment rate of all 28 EU countries, the populations of seven other countries, ranging from Spain (74..., the highest rate in the entire EU and just three points ahead of Cyprus. Greece and in Cyprus are also... to 29 percent who are against. Greece also had the highest rate of people who don’t feel like EU
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