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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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Newsletter 303 - 02/07/2021
that the conditions are ripe for a “giant leap”. He added that Greece should be able to make up... deliver on its promise of strong growth (upwards of 4 pct, as promised in the run-up to the 2019 elections... Democracy has yet to provide convincing evidence that it can back up its claim of making the country
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Retail sales remain on upward path, rising by 16.8 pct YoY in Feb
EconomyMacroeconomyand footwear at 47.3 percent, pharmaceuticals by 29.8 percent and furniture up by 32.1 percent. Department stores sales were up by 19.2 percent. The annual volume increase was led by clothing and footwear up by 38.3 percent, with pharma products close at 30.3 percent and furniture at 30.3 percent
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Where is Odysseus? Part 4 - Unemployment and Employment
Agoraa kind of automatic stabilizer built in. When unemployment goes up very high, the surplus of unemployed..., which hurts competitiveness and lowers investment, hence lifting unemployment up again. Every... be adjusted up or down, then workers and their labor unions will be cautious with labor cost demands
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Reflections on Greece's balance of payments
Agora) speeds up (the supply of goods and services expands, generating more income (Y)); or consumption... are seeing a drop in their current account positions because of the common energy import price shocks... suddenly dried up in late 2008, Greece had no choice but to cut back spending. This caused the sense
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Car sales contract by 8.2 pct YoY in Feb amid drops for used passenger vehicles and lorries
EconomyMacroeconomyin 2022, a drop of 7 percent. Passenger cars decreased by 5.3 percent, with the absolute figure standing at 14,974. The remainder was made up of lorries (2,155) down by 17.5 percent and buses (104) up 18.2 percent. Motorcycle sales decreased by 14.7 percent from a year earlier to 3,045
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Jobs in hotels, hospitality push April hirings balance to near-record level
EconomyMacroeconomywas 124,365 more hires, an all-time April record, suggesting a minor drop of 1,286 jobs. Total... are up by 11,971 year-on-year, while voluntary exits were up by 721. Hires were up by 11,406 jobs compared to April last year, while departures are also up by 12,692. The proportion of hirings for full
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Wages rise by 7 pct, offset by 7.8 pct 12-month rolling CPI
EconomyMacroeconomy2019, employment has increased by an impressive 19 pct, despite a drop of 6 pct in 2020 to 2.05 million workers. Gross earnings in May this year were up by 7 pct, largely incorporating the rise... grew by 5 pct, with the cumulative growth since 2019 up by 14 pct. Of course, the 7 pct increase up
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