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Economic sentiment at 102.5 in June as improvement in subindexes slows
EconomyMacroeconomyin the year so far apart from March, when the figure dipped to 99.8. Compared to June 2017, the ESI... in June versus -51 points in May. Year-on-year, consumer confidence has improved by 16.4 points and has fallen by 2.1 points since the start of the year. Month-on-month deteriorations were noted
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Retail sales up by 0.8 pct in April while volume rises by 1.3 pct
EconomyMacroeconomyindex has remained positive for three out of the first four months of the year. February has so far..., February has been the only month this year that the volume index fell into negative territory. Compared to April last year, the main rises in turnover were observed in supermarket sales, which went up
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Newsletter 169 -06/07/2018
significantly, that Athens might have the possibility of shelving next year’s pension cuts sparked a political... governments have to submit their draft budgets for the following year to the European Commission..., especially as it is due to be an election year. New Democracy leader Kyriakos Mitsotakis claimed
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Greeks seen working longer, until July 18, to meet annual tax bill
SocietyGreece’s tax freedom day falls on July 18 this year according to data collected by the Dragoumis... this year only to meet their tax obligations. This year’s tax freedom day is expected to fall 12 days later than that of last year, which according to ELSTAT fell on July 6, 2017. They estimate
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May current account shows surplus of 191.5 million as underlying indicators improve
EconomyMacroeconomy. The respective figure for the same time last year showed a deficit of 658.1 million, meaning that year-on-year (YoY), the headline figure has improved by 849.5 million. Improvements in all main subcomponents... percent compared to the same time last year. On an aggregate basis, the C/A deficit stayed more
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Last bailout tranche just days away as pension discussion looms
EconomyProgrammein the coming weeks, particularly on the issue of next year’s pension cuts. The German Parliament’s budget... five Aegean islands until the end of the year. Athens counter-balanced this by reducing defence... Memorandum of Understanding, which was last updated in March this year. “This paved the way for the Board
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Athens taking more time to consider 2019 measures ahead of budget talks
EconomyProgrammeon the outskirts of Athens is also having an impact on the preparations for next year’s budget... are to be funded by the excess primary surplus that Athens expects to produce this year, independently... of GDP in pension cuts next year. Financial news website Capital suggested that the value of measures
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Building permits up by 4.4 pct in May and 5.3 pct in first five months
EconomyMacroeconomytwo months of growth after March’s decline which was the first negative reading of the year to date... number of permits was issued in Attica (279 permits), up by 2.2 percent compared to last year. The smallest number of absolute permits was issued in western Macedonia with 22, down from 29 last year
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Greek banks push for return to normality
EconomyBanking12 to 18 months. The agency anticipated economic growth of 2 percent this year and 2.2 percent... year. Moody’s saw the bank’s capital at comfortable levels, with the CET1 ratio for the total... for a second consecutive month. Since the start of the year, Eurosystem funding has fallen
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Unemployment at 19.1 pct in June, under 20 pct for second month
EconomyMacroeconomyon Thursday. The unemployment rate in June last year was 21.3 percent. The latest figure marks the second.... Compared to the same month last year, the figure for those employed jumped by 83,866, an increase... the same month last year, the number of unemployed has fallen at a greater rate by 112,401 persons
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