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  1. Is a lack of spending hampering Greece's firefighting capabilities?

    Society

    , it is not entirely without precedent. Forest fires are a regular summer event, and every year thousands of hectares... 12,541 staff on permanent or five-year contracts, augmented by 1,500 seasonal firefighters and 1,744... spending roughly 230 million euros every year since 1998 to fight forest fires. This is a lot of money

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  2. Apartment prices increase by 0.8 pct in Q2 for first rise since Q4 2008
    Image by MacroPolis

    EconomyMacroeconomy

    The nominal value of apartments in Greece during the second quarter (Q2) of the year showed a rise of 0.8 percent year-on-year (YoY) after a drop of 0.2 percent in Q1, Bank of Greece (BoG) data... the year-on-year reading back into positive territory, after March’s decline which was the first

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  3. Tsipras confident on pension cuts, reticent on snap elections
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    Amid renewed speculation about snap elections next year, Prime Minister Alexis Tsipras has insisted... cuts that are due to implemented in 2019 and then hold out for a full four-year term. Following his... cuts are not needed to meet the 3.5 percent of GDP primary surplus target next year. However

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  4. In updated forecasts, IMF sees Greece meeting fiscal targets and debt falling
    Photo via Flickr https://flic.kr/p/7BWNey

    EconomyMacroeconomy

    the latest Fiscal Monitor (FM) with updated fiscal projections for Greece. For this year, the Fund... percent for this year and a small surplus of 0.2 percent for 2019. The primary balance is seen meeting the programme target of 3.5 percent of GDP this year and remaining at that level all the way to 2023

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  5. GDP revision for 2017 points to slight improvement from initial estimates
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    for 2015-2017 and balance of payments and employment data for the year 2017. According to the revised... year-on-year, from a first estimate of 1.4 percent growth that was announced in March. Final... estimate. Gross fixed capital formation last year grew by a significant 9.1 percent, slightly lower

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  6. New details reveal what may have led to discrepancy in Athens Airport concession price
    Photo by MacroPolis

    EconomyFeatures

    the two figures has been known for around a year now but was raised by New Democracy as part... said that 2015 was a challenging year for such transactions due to the imposition of capital controls and yields on the government’s 10 year bonds reaching 8.4 percent. By 2018, yields on the same bond

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  7. EC autumn forecast lowers growth for 2019 on pending budget finalisation
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    , which suggests that pension cuts next year and lower tax-free threshold in 2020 are assumed to go ahead... the 1.9 percent previously. Growth next year is seen at 2 percent, from 2.3 percent previously although... to contract this year, it will be a significant driver in the coming years, expected to rebound strongly

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  8. Coalition closing in on goal of cancelling pension cuts
    Photo via Fosphotos

    PoliticsGreek Politics

    of not having to implement next year the pension cuts it committed to in 2017. Greek sources speaking... percent of GDP reduction to pension spending next year. The final hurdle that the coalition has... to lower the corporate tax rate from 29 to 28 percent next year and for the dividend tax to drop

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  9. Piraeus Bank posts net profit of 94 mln in Q3 and 40 mln in 9M
    Photo by MacroPolis

    EconomyBanking

    The results for the first nine months (9M) of the year showed a net profit of 40 million euros from a net loss of 15 million noted during the same period last year. Pre-provision income (PPI... quarter-on-quarter (QoQ) and came to 346 million euros. In 9M, the figure fell by 16 percent year

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  10. Industrial production falls by 1.1 pct in October, interrupting seven-month positive streak
    Photo via Flickr https://flic.kr/p/3pyqsB

    EconomyMacroeconomy

    Greece’s Industrial Production Index (IPI) fell year-on-year (YoY) by 1.1 percent in October from... and is the first negative reading since February of this year. Month-on-month (MoM), the index also... 95.68 in September. The aggregate figure for the first 10 months of the year showed that the IPI

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