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Seven in 10 Greeks raiding savings to pay bills, two in 10 have no deposits
SocietySeven in 10 Greeks are raiding their savings in order to make ends meet, while two in 10 say they have no deposits at all, according to a new survey by Public Issue. As the government and the troika discuss how to cover next year’s fiscal gap and how much an already enlarged property tax will raise
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Greece sees deal by June 5 but size of gaps tells different story
PoliticsGreek PoliticsThe Greek government remains optimistic that it can reach a deal with lenders by June 5, when... on this particular issue. The prospect of a deal being clinched by June 5 also runs counter... the stakes even further. Amid reports that deposit outflow increased to 5 billion euros in April from
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Apartment prices fall at slightly slower pace of 5 percent in Q1
EconomyMacroeconomythere was a 5 percent decrease from a revised 5.3 percent in Q4 2015, Bank of Greece (BoG) data... since Q2 2011. Prices of new apartments (up to 5 years old) fell by 0.5 percent QoQ and 5.6 percent..., point to a further decline in housing prices by 5 percent in 2016 and 1 percent in 2017.
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Labour database shows 8 in 10 workers earn less than 1,200 per month
Economythan 10 workers, some 262,634 companies out of a total of 298,255. Around 10 pct employ between 11... of the share. In 2023, SMEs increased by roughly 3,300, with 2,505 coming from companies with up to 10... of employment is accounted for by companies with between 10 and 49 staff. This means that SMEs have a combined
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Newsletter 400 - 03/11/2023
the social media platform X. Lianos, who was appointed by the current government, clarified... that seven in 10 of the self-employed are declaring incomes below the tax-free threshold. Another facet... on the pandemic and over 10 billion euros on energy subsidies. With the escape clause expiring
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Industrial production shoots up by 5 pct in March for highest rise since 2007
EconomyMacroeconomyThe Greek Industrial Production Index (IPI) advanced for the second successive month in March, at an accelerating rate of 5 percent in March after rising by 1.9 percent in February, according... by capital goods (+7.5 percent), consumer non-durables (+6.8 percent), energy (+5 percent
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Time deposit rate eases by another 5 bps in Nov, average loan rate drops 16 bps
EconomyMacroeconomyGreek households’ new time deposit rate eased by 5 another basis points (bps) to just above the 1-percent mark in November, Bank of Greece (BoG) figures showed on Friday. The November rate represents..., the respective rate rose to 5.22 percent (amounts between 250,000 and 1 million euros). It fell to 5
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NBG net profits at 5 mln in Q1, NPEs drop for fourth straight quarter
EconomyBankingThe National Bank of Greece (NBG) posted net profits of 5 million euros in the first quarter (Q1) of 2017, compared to 73 million in the previous quarter. This largely reflects the elimination... call, management noted that the new time deposit yield is expected to be further reduced by another 5
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Disposable income rises by 5 pct YoY in Q2, final consumption up by 1 pct
EconomyMacroeconomyGreek household disposable income grew by 5 percent year-on-year (YoY) in the second quarter (Q2) of 2019, increasing from the rise of 4.9 percent noted in the previous quarter, according to Hellenic... while the absolute figure for Q2 stood at 32.42 billion, marking a decline of 5 percent since 2012
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Where is Odysseus? Part 5 - Productivity
Agoraof the country to allocate more people to the private sector, in comparison to the government sector. Figure 5..., in 2021, employed 30 percent more people than in 2000; the private sector employed 5 percent more
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