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Most Greeks saw income fall over last year, limiting purchasing power
SocietyThe results of a survey by the Labour Institute (INE) of the General Confederation of Greek Workers (GSEE), which was published on July 17, highlighted how salary earners’ purchasing power has been limited. The survey, conducted in cooperation with Alco...
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Increase in number of services that saw their turnover decrease in Q2
EconomyMacroeconomyThe evolution of turnover indices for the services sector showed a worsening performance in Q2 2014, with 10 out of the 14 types of services, or specific activities of services as they are referred to, posting a negative growth, according to the Helleni...
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Almost all services in Greece saw decline in Q3
EconomyMacroeconomyThe evolution of the turnover indices for the services sector showed a further worsening in the third quarter (Q3) of 2014 with 12 out of the 14 service activities recording a drop, according to the Hellenic Statistical Authority (ELSTAT). In the preced...
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Greek households saw net financial wealth plummet by 37.5 pct during crisis
EconomyMacroeconomyΤhe impact on Greek households’ financial wealth and liabilities during the crisis years is examined in a study included in the latest statistical bulletin published by Bank of Greece on Wednesday. The study showed that the net financial wealth of Greek...
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Politics trumping economic prudence in Greece
Agoraperformance in Q1 of 2014, namely negative growth of 1.1 per cent, the pocket calculators were... anchored in negative territory during 2014. If a projected GDP performance of 0.6 per cent in 2014... is immediately using fifty per cent of April’s bond proceedings to buy a major stake in a highly indebted
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Greek travel receipts up 10.3 pct in August as 2014 targets revised upwards
EconomyMacroeconomyblunted by travel spending per trip dropping by 11.6 percent to 639 euros. The breakdown of incoming... travel spending per trip retreated by 8.6 percent to 617 euros in the 8-month period. Arrivals from... remained flat, mainly reflecting the negative growth in August. In terms of travel receipts per country
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IMF examines where programme went wrong, what lessons were learnt
EconomyProgrammea preference for an ambitious, front-loaded adjustment, the report notes that the IMF clearly saw... per review in Greece was much higher than in other comparable countries. According to the report... of more than 5 percent of GDP within three years (or 1.7 percent per year on average) has an increasingly
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Travel balance increases by 16 pct in June and 19.5 pct in first half of year
EconomyMacroeconomy. The average expenditure per trip dipped by 4.7 percent to come to 553.4 euros per trip compared... expenditure per trip edged up by 0.6 percent to 498 euros compared to 495 euros for the same period... saw an increase of 16.5 percent. Overall, arrivals from the EU 28 countries rose by 26.2 percent
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Newsletter 192 -01/02/2019
on Monday that the minimum wage will increase by 11 percent to 650 euros per month, while the sub... will be in the upcoming campaign. Tsipras said that this was a measure the government owed to “those who saw... time in a decade to 650 euros per month, from 586 euros currently, effective from February 1
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Impact of pandemic, lockdowns reflected in lower household spending during 2020
Societyexpenditure in 2020 came to 15,982 euros per year, or 1,332 euros per month, a drop of 9.9 pct against 2019. The average expenditure per person annually also dropped by close to 10 pct at 6,256 euros.... As expected, restaurants and cafes saw their share drop significantly by 3.1 points to 8 pct. Recreation
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