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  1. Unemployment rate eases to 24.6 pct in Q2 as number of employed jumps
    en_GB Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    EconomyMacroeconomy

    improved by 2 pp over the Q2 2014 rate of 26.6 percent. This reflects a rise in the number of employed... (around 2 pp) to 21.5 and 28.3 percent respectively. The latter remains steadily almost 7 pp higher

    10%

  2. Travel receipts up by a modest 3.5 pct in July in aftermath of capital controls
    Photo by MacroPolis

    EconomyMacroeconomy

    . If confirmed, this would mean 2 million higher arrivals than last year’s figure of 24 million... contraction of 1.5 to 2 percent this year. In mid-August, the institutions that oversee Greece’s adjustment

    10%

  3. Pension reform to be one of new government's toughest challenges in next weeks
    Photo by MacroPolis

    EconomyProgramme

    in an annual increase in revenues by 854 million euros (0.5 percent of GDP). 2) Gradual elimination... the restoration of basic and supplementary pensions to their 2012 levels. 2) The gradual phase-out

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  4. If it's stability you're looking for...
    Photo by MacroPolis

    Agora

    their applications by 2 October, but the tension will build until the vote, which will possibly take place before... has rejected the idea of cooperating with PASOK, despite seeing its support slip by 2 percentage

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  5. Greek 2016 draft budget contains 6.4 bln in new fiscal measures, sees recession ahead

    EconomyMacroeconomy

    contributions for main pensions (531 million) and supplementary pensions (183 million) 2) Reduction... percent discount in VAT on islands (2.2 billion) 2) Increase in the solidarity levy rates (390

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  6. General gov't primary cash surplus widens to 2.6 bln in Aug, arrears up by 2.15 bln

    EconomyMacroeconomy

    sub-tranches of 2 and 1 billion respectively, the government has indicated it aims to pay arrears.... 2) Considerable drop in repos by 7.1 billion more than offsetting the marked rise by 6.4 billion

    10%

  7. Banks' trading updates show slight improvement in core pre-provision income, deceleration in NPL formation
    Photo by MacroPolis

    Economy

    percent quarter on quarter (QoQ) to 423 million. Fee income also fell 2 percent QoQ, yet the considerable... core-pre provision income (excluding one off items) rebounded 2 percent quarter on quarter (QoQ

    10%

  8. Budget execution slips in Sept as 3.08 bln primary surplus turns to underperformance

    EconomyMacroeconomy

    to: 1) SMP and ANFA income of 1.72 billion that was not collected 2) Non-assessment and collection... stands 1.24 billion below target. At the same time, PIB revenues stood at just 2 million in September

    10%

  9. Greek stocks up by 1.3 pct this week on banks’ 12.4 pct rebound

    Economy

    by 4 and 2 percent quarter on quarter (QoQ) respectively, while operating expenses increased by 1... a yield of 2 percent. Hellenic Petroleum announced a 5-year business plan targeting EBITDA of 650 million

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  10. Greece fell two places to 60th in Doing Business ranking, World Bank says

    Economy

    Greece’s position in ‘Ease of doing business’ ranking deteriorated by 2 spots, World Bank 2016 Doing Business report showed. Greece is ranked in the 60th place among 189 countries, down from... in Paying Taxes (66th) and by 2 spots in Resolving Insolvency (54th). In the ten topics measured

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