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Building permits up by 4.4 pct in May and 5.3 pct in first five months
EconomyMacroeconomyBuilding permits rose by 4.4 percent in May following a rise of 1 percent in April, Hellenic Statistical Authority (ELSTAT) data released on Friday showed. The latest monthly headline figure marks two months of growth after March’s decline which was the first negative reading of the year to date
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Employment balance year-to-date posts record despite more departures in July
EconomyMacroeconomyThe employment balance turned negative in July, with departures outpacing hirings by 8,610 data from the Labour Ministry’s Ergani information system revealed on Wednesday. July’s figure reversed the trend of five months of positive employment balance in the Greek job market, with May showing
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A moment to reflect, not celebrate
Agorapit for fanatics looking to strike each other down with a killer line or disarming data. No room
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Industrial turnover up by 17.4 pct in June for highest rise in year so far
EconomyMacroeconomyGreece’s industrial turnover reported an increase of 17.4 percent in June, strengthening from an upward revised rise of 11.9 percent in May, Hellenic Statistical Authority (ELSTAT) data published on Monday showed. The latest figure means that the index has remained positive for six straight months
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Travel balance increases by 16 pct in June and 19.5 pct in first half of year
EconomyMacroeconomyGreece’s travel balance rose by 16 percent in June, slowing from an increase of 38.2 percent in May, Bank of Greece (BoG) data revealed on Tuesday. Receipts came to 2.33 billion euros for the month, an increase of 16 percent. Travel payments rose by 16.5 percent, but the absolute figure was much
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Focus turns to first post-MoU visit by creditors and talks on pension cuts
EconomyProgrammenext month. The lenders will first have to inspect the latest budget execution data for this year
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Recent study issues warning over ageing population, future pension burden
Societyto be sustainable. According to data from the Unified Social Security Fund (EFKA), the ratio of workers
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Crisis-era productivity in Greece lowest among OECD countries
EconomyFeaturesto its lenders data which demonstrates that a rise in the minimum wage will not come at the cost
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Retail turnover in June grows strongly led by fuel and supermarket sales
EconomyMacroeconomyGreece’s retail sales index increased by 3.3 percent in June, following a revised downward 4.9 percent rise in May, Hellenic Statistical Authority (ELSTAT) data showed on Friday. The headline index has remained positive for five months in the first half of the year with February the only negative
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Greece tops OECD countries for tax rises and spending cuts
EconomyFeaturesproductivity, the OECD’s data showed that Greece’s average productivity between 1997-2006 was higher
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