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Are hirings in the public sector out of control?
EconomyFeaturesand local government and the public bodies supervised by them is subject to a strict 1:4 (previously 1:5..., while the number of permissible hires for 2017 under the 1:4 rule was 2,453, the government claimed... not violate the 1:4 attrition rule, thanks to legislation brought in in 2016 which loosened hiring caps
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Supplemental MoU sets out path for maintaining fiscal sustainability
EconomyProgrammeworth 1 percent of GDP each will be implemented. This was a discussion that was conditional... will be 1:1. IAPR will also be able to benefit from the public sector mobility scheme, with full... welfare, on top of the existing pension reform that is seen yielding 1 percent of GDP by 2018
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Budget primary surplus confirmed at 2.05 bln in July on lower PIB expenditure
EconomyMacroeconomy. Despite coming to a deficit, the balance beat its target by just over 1 billion euros. On a monthly..., above target by 188 million euros. Tax refunds rose by just under 1 percent to 2.33 billion, below..., while VAT revenues also rose by 1 percent to 9.12 billion. On a monthly basis, indirect taxes rose
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Going for Growth: What next for Greece's economy and banks?
Agoratourism numbers in 2018 - some 30 million visitors who between them spent 16.1 billion euros[1]. And yet..., with a series of capital market suspensions and a stock market that has contracted by 83 pct (figure 1), a staggering figure. Figure 1: Greek Stock Market Capitalisation Few will shed a tear for the plight
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General govt primary cash surplus at 2.91 bln in Feb, arrears rise by 83 mln
EconomyMacroeconomytransfers which increased strongly by 1 billion to 2.01billion euros from 1.01 billion a year ago...) and extrabudgetary funds (-1 million). Increases were noted in hospitals (+87 million) and local governments... of the total. Bank of Greece lending edged up by 1 million in February and came to 2.38 billion, which
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Newsletter 210 -07/06/2019
contraction of 1 percent in 2017. The ongoing stabilisation of property prices, now in its fifth quarter... following a rise of 1 percent in April, figures from the Hellenic Statistical Authority (ELSTAT... Compared to Q4 2018, the index showed a fall of 1 percent Greece’s seasonally adjusted (SA) Wages
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Newsletter 211 -21/06/2019
a chance to debate such policies with his rivals on July 1 as a cross-party committee agreed.... There is no obvious reason to believe that the July 1 discussion will be any different. New Democracy’s emphasis... of last year, from 17 percent in 2017, the Common Equity Tier 1 ratio was 15.3 percent in 2018, from 17
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Newsletter 217 -02/08/2019
for those on lower incomes and the middle class.” He said that those owning properties worth more than 1... from 5 percent to 3 percent. Furthermore, businesses that owe up to 1 million euros (the original debt... issue 26-week T-bills just short of 1 percent with the eight issues of this duration over the year
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Newsletter 218 -06/09/2019
and operate a casino on the site. He also pledged to invest more than 1 billion euros. On the back... prices increased by 1.7 percent in 2018, compared to an average price contraction of 1 percent... to a downward revised decrease of 1 percent in 2017. Properties up to five years old saw price increases
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Hotel owners sound warning over Thomas Cook revenue losses
EconomyFeatureswere 1, 2 or 3 star establishments, 32 percent were 4 start and 21 percent were 5 star. The lower.... Specifically, the amount of turnover generated via Thomas Cook for 1, 2 and 3 star hotels came... multiplier effect is added in, which estimates that for every 1 euro of tourism revenue generated
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