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WEF report highlights weakness of Greek institutions and challenges of recovery
Economyto the previous year, according to the Global Competitiveness Report 2014-15 published by the World Economic... the 91st position a year ago in a list of 144 countries included in the Global Competitiveness Index... 108th last year), increasing level of competition (71st from 87th) and more flexible labor markets
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Newsletter 50 - 06/11/2015
to be completed this year, thus the bank will seek state support of around 2 billion. A part of the sale proceeds will then be used by the bank to repay the 1.5 billion CoCos it would receive sometime next year... that Athens has received less than 6 million euros this year to tackle the refugee crisis
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Greece slips five places to 86th in global competitiveness rankings
Economy. The country’s score remained stable at 4.0. Last year, Greece’s ranking in the Global... education (46th), albeit both rankings deteriorated from last year. On the flipside, the country is ranked 133rd in the macroeconomic environment, broadly stable from 2015, remaining for another year
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Great Expectations: Is Greece 2.0 hitting the target?
EconomyFeaturesof economic recovery in Greece as the country emerges from its ten-year economic crisis... the RRF, accounting for a substantial chunk of the 5.6 percent growth that year. For 2024, the government... for the year is equivalent to just 0.9 percent of GDP, compared to 1.4 percent in 2022. In fact
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Hirings balance positive by 6,556 in September but momentum slows down year-on-year
EconomyMacroeconomywas registered. Compared to the same month last year, there were 10,572 less hirings during September this year... for the year so far, and revealed that the majority of firings were layoffs rather than voluntary... as the new school year gets under way and the tourism season begins to wind down. In the aggregate
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Greece to recover at least 30 of 50 bln it borrowed to bail out banks, says HFSF chief
EconomyBankingthe Eurobank shares last year. Sakellariou said the fund’s primary mission was to deal with banks’ negative... fund chief said the aim of Eurobank’s first capital increase last year, when HFSF covered its entire... to be considered viable. The second capital increase this year was covered by private investors
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Tsipras starts to flesh out SYRIZA's economic policy but questions remain
PoliticsGreek Politicshis plan would bring 3 billion euros into public coffers in the first year. He also proposed a new... argued that this would help stoke demand and increase Greek GDP by 0.5 percent in the first year. He... by Tsipras is for a 5-billion-euro, two-year job creation programme. SYRIZA believes that it could use EU
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Supplemental MoU sets out path for maintaining fiscal sustainability
EconomyProgrammefrom this year and in the mid-term. This will be supported by focused efforts to improve tax... acknowledge that the primary surplus last year reached 4.2 percent of GDP, significantly outperforming the target for third successive year. The main drivers behind this performance were the 2016
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Greece heads back to markets with 7-year bond in bid to boost own funds
Economythis year, before a rebound of 5.1 pct next year, on the baseline assumption that the peak impact of the pandemic will be in the second quarter of the year and the economy will mend gradually in the second... for a 7-year issue hoping to attract around 2 billion euros. The debt strategy for this year
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Finance Ministry costs new support package, but questions remain over electricity subsidies
Economyofficial revision of the growth estimate for this year. GDP is now seen rising by 5.3 pct, from 3.1 pct previously, with growth slowing to 2.1 pct next year. The finance minister noted that investments have... to come in the full year to 4.3 billion euros, or 2 pct of GDP, with the rest covered by the Energy
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