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Greek unemployment rate hovers at 27 pct in June
EconomyMacroeconomyof employed and a 0.3 percent drop in the number of unemployed. Employment showed an improving trend... returned to negative territory with a marginal 0.1 percent drop. The YoY rate for unemployed displayed.... However, the aggregate fall since June 2009 amounted to 1.05 million corresponding to a drop of 23
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Greek banks' Eurosystem funding rises by 1.28 bln in October after five-month fall
EconomyMacroeconomyFollowing a drop in the preceding five months, Greek banks’ Eurosystem funding rose by 1.28 billion... the upward movement in October, the year to date drop in Eurosystem funding reached 29.16 billion... to the elimination of ELA funding. The recorded drop of Greek banks' central bank funding so far
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Target revisions leave 880 mln budget shortfall in Oct despite 2.6 bln primary surplus
Economyfollowing the significant drop of 24.7 percent in October. This was mainly due to income tax (down 27.3 percent) mitigated by a rise in property taxes (up 17.3 percent). Lower income tax is most likely... and 3 percent in the 10-month period to 18.86 billion reflecting a drop in VAT and consumption taxes
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Q3 unemployment falls to 25.5 pct, lowest since 2012, but long-term jobless reach new high
EconomyMacroeconomyAuthority (ELSTAT). The drop in Q3 also reflects the seasonal positive impact from tourism... drop in the number of unemployed to 1.23 million coupled with a 1.5 percent increase in the number... up to 1.2 pp with the unemployment rate landing at 24.7 and 18.5 percent respectively. After a short
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Greek current account deficit grows in Dec, 2014 surplus at 1.66 bln
EconomyMacroeconomyis attributed to a significant drop in the net oil import bill, while net payments for purchases of ships... showed a surplus of 1.66 billion up by 52.2 percent on the 2013 item of 1.09 billion. The significant... as a drop in non residents’ holdings of Greek government bonds and T-Bills. For the full year, the net
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Building activity rises again in March as permits increase by 19.1 pct
EconomyMacroeconomyto February, surface and volume posted a much higher growth, up by 32.2 and 33.1 percent respectively... that prevailed in the prior period, the run rate over the trailing twelve months still displays a drop... Aegean (+35.3 percent). On the flipside, Ipeiros was the only region recording a drop by 11.6 percent
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Greek trade deficit plunges by 24.2 pct in May
EconomyMacroeconomybillion in May, which is the second lowest reading so far in 2015. The sharp drop in May trade... in May, which indicates the second highest reading year to date. The drop in imports also follows..., the trend is completely reversed with trade deficit up by 7 percent, reflecting an increase in both
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Current account surplus at 407 mln in May - first positive balance since Sept 2014
EconomyMacroeconomyimproved by almost one third to 985 million from 1.46 billion last year, reflecting a double-digit drop... that resulted in a drop in oil imports by the Hellenic Petroleum, one of the two main Greek refineries... to a higher drop in imports (-9.6 percent) compared to that of exports (-7.8 percent). In absolute terms
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Greek business feeling the pinch from capital controls
Economylosses in excess of 40 percent. According to market sources, the drop in corporate turnover has... found 18 percent of companies indicated a drop in revenue in excess of 50 percent, while 51 percent said..., investment houses and insurance programmes have thrown up a number of issues and resulted in lost revenue
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Capital controls take toll on car sales, which fell 23.9 pct in July for first time in two years
EconomyMacroeconomy). The drop in July is largely attributed to the imposition of capital controls. It is the first... in the 7-month period was recorded in May at 13,000. Following the sharp drop in July, the aggregate... in the 7-month period with passenger cars growing at a similar pace and making up almost 83 percent
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