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Newsletter 159 -27/04/2018
insistent that the so-called French mechanism for providing top-up relief if Greece misses its... the European Stability Mechanism or the Eurogroup allowing the top-up relief to kick in. The Handelbslatt... figure for 2016 when revenues exceeded 50 percent of GDP, at 87.37 billion euros. The drop
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Travel balance records 127 mln surplus in Q1, much improved on last year
EconomyMacroeconomyof 5.9 percent (24 million euros) in travel payments. Foreign visitors were up by 12.4 percent year... for 25.3 percent of all travel receipts and generated just under 140 million euros in revenue, up by 3.2... by 12 percent to 1.1 million. Within this, euro-area visitors were up by 15.8 percent to 524,300
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What Greece imports and why
EconomyFeaturesto be analysed, it became clear that Greece was importing too much. This trend was glaring in the build up to the crisis, when imports drastically outstrip exports. Propped up on the wings of what turned out to be an economic bubble, Greece amped up its imports while neglecting to increase export activity. What
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GDP shows annual growth of 2.2 pct in Q3
EconomyMacroeconomyprices rose by 1.2 percent QoQ in Q3, picking up from a rise of 0.5 percent in Q2. The growth YoY... percent YoY. Final consumption represents the majority of GDP, making up 86.8 percent of the total figure..., or an increase of 2.8 percent YoY. Travel receipts edged up by a slight 0.3 percent and stood at 2.44 billion
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Newsletter 186 -07/12/2018
as the speeding up of the licensing procedure to within 45 days. The ministry states that, “strategic... continued to fall. There were 10,154 fewer unemployed people in September versus August, a drop... in Q3, picking up from a rise of 0.5 percent in Q2. The growth YoY comes to 2.7 percent. The third
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Tracing the decline of the middle class as parties vie for its votes
EconomyFeaturesportion of them will have ended up lower down the scale due to lower incomes rather than exiting... by the “middle income” group made up 12-14 percent of the tax payable during the same period. In both cases... in 2014-2017. Increases were generally less pronounced in relative terms the higher one goes up
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Newsletter 221 -27/09/2019
that numbers add up Discussions between the government and Greece’s lenders regarding the fourth review... wrapped up their fourth review this week with common ground in some areas but gaps still remaining... the December 4 Eurogroup. side would like to boost up to 3 percent, thanks to their bullish take
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Newsletter 241 - 28/02/2020
to migration flows went up a level this week due to severe unrest on some islands, while the arrival... for building closed reception centres. The number of confirmed cases of coronavirus went up to three..., some of which were destined for the port of Piraeus. Shipping makes up 7 percent of Greek GDP
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Opposition picks holes in latest measures to mitigate economic impact from pandemic
PoliticsGreek Politicsseen their turnover drop by at least 20 pct will be able be able to reduce employees’ working time by up to 50 pct. The state will cover 60 pct of the workers’ income while they are not working... on fewer hours having their wages reduced by up to 20 pct. The opposition party points to other European
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Newsletter 260 -31/07/2020
, especially as there is a constant concern in Athens that the situation could flare up by accident... challenge well, it will be another feather in his cap after he faced up to what was seen as a Turkish... and there was broad backing for the decision to stand up to Turkey. There was also an effort to put on an outward
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