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  1. S&P upgrades Greece one notch to B, sees growth in 2015

    Economy

    Standard and Poor’s (S&P) upgraded today Greece’s long-term rating by one notch to ‘B’ from ‘B-‘ with a stable outlook and reflects its view that risks to fiscal consolidation have abated...’ on August 2 and of Fitch by one notch to ‘B’ on May 23. Moody’s rating stands two notches lower than

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  2. Budget primary surplus grows in April thanks to one-off revenues and restricted spending

    EconomyMacroeconomy

    , whiich turned to an over-performance of 69 million by April, mostly reflecting a one-off item. b... include two items that were not incorporated in 2015 budget figures. The first involves one-off

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  3. Greece holds back spending, rakes in one-off revenues for 2.1 bln primary surplus at end of April

    Economy

    million above target), mostly due to a one-off item, coupled with a continued primary expenditure... to two items that were not incorporated in the 2015 budget numbers. The first relates to one-off income

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  4. Airport redevelopment gets green light, leaving one prior action as lenders return to Athens
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    The Council of State has approved the redevelopment of Athens’s former airport at Hellenikon, meaning just one prior action from the third review remains to be completed as the Greek government... in what will be one of the largest investments in Greece. What remains is for the casino license

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  5. Despite recent improvement, more than half of Greeks unable to afford one-week holiday
    Photo by Harry van Versendaal

    Society

    residents of all ages who made at least one trip came to 4.8 million and the number of trips to 7.9... at least one trip for personal purposes was seen in those aged 45-64 where an increase of 5.7 percent

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  6. DBRS ups Greece's rating one notch further into investment grade

    Economy

    On Friday DBRS upped Greece's credit rating to ‘BBB’, one notch further into investment grade, while the outlook was lowered to stable from positive. After Scope Ratings in December, DBRS is the latest agency to take Greece further into investment grade, with Moody’s remaining the only one yet

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  7. Newsletter 51 - 12/11/2015

    Newsletters

    the minimum amount of 600 million set for the international equity offering. The results... proposed that the bar be set at 120,000. Apart from the value of the property, repossessions... income be set between 25,000 and 30,000 euros. The quadriga, however, would prefer to see annual

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  8. Govt takes up fiscal requests with EU as pressure over min wage, main homes mounts
    Photo by Panayiotis Tzamaros/Fosphotos

    Politics

    longer-term requests: One is for the creating of a so-called smoothing mechanism to allow any excess surplus from one year to be transferred to the next, along with the longstanding demand..., the institutions also have their mind on other matters, including the primary residence protection

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  9. Wage ruling gives gov't immediate fiscal headache, political one may come later

    PoliticsGreek Politics

    and even then it can only be put towards one-off measures, not those of a permanent fiscal nature

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  10. Only one in 10 jobless Greeks receiving unemployment benefits
    en_GB Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    Society

    Only one in ten of the registered unemployed in Greece are in receipt of any kind of unemployment assistance, according to new figures released by the state jobs agency OAED. According to data for the month of March, a total of 1,057,350 were registered as jobless, which represented a slight

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