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  1. Government in race against time to resolve bailout issues

    EconomyProgramme

    , increasing by 3,350 euros for each child. The quadriga criteria would protect around 17 percent... of 2017. The quadriga mission chiefs arrived in Athens on Tuesday evening and are expected to start

    6%

  2. Travel balance increases by 16 pct in June and 19.5 pct in first half of year
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    billion euros compared to a surplus of 1.87 billion euros last year. Receipts were driven... to 581 a year ago. Travel receipts from the 28 European Union (EU 28) countries increased by 24.8 percent year-on-year (YoY) and came to 1.69 billion euros for June. For euro-denominated countries

    6%

  3. Building permits rise by 16.2 pct in June and 7.5 pct in first half of year

    EconomyMacroeconomy

    reading of the year so far. The current figure is also the second highest increase for the year after January’s year-on-year (YoY) rise of 18 percent. Additionally, permits came to 1,374, staying above... was issued in Attica (301 permits), up by 17.6 percent compared to last year. The smallest number

    6%

  4. Privatisation revenues edge upward as end-of-year deadline looms
    Photo by Giannis Papanikos/Fosphotos

    EconomyFeatures

    With three quarters of the year now gone, the Greek government still has much ground to cover in order to meet its privatisation target of around 2 billion euros in revenues across the full year... of the year. The government's draft budget report lists a total of 13 privatisations due

    6%

  5. Survey finds only 60 pct of hotels operated in the year so far
    Photo by George Vitsaras/Fosphotos

    EconomyFeatures

    percent of hotels operated during the year to date. Regarding hotels that operate year-round, only 59... percent in September. Of the 3,965 year-round hotels surveyed, 59 percent operated in 2020 (2,328 hotels). Out of those, 503 will close by October and 214 by the end of the year. This translates

    6%

  6. Primary budget surplus passes 1-bln mark for 2014 but revenue shortfall widening
    Photo by MacroPolis

    Economy

    of 2014 from a primary deficit of 306 million in the corresponding period last year, according... than April 2013 figure. The budget deficit in April also shrank by 35.1 percent year on year (YoY... the year to date revenue shortfall to 620 million in April from 372 million in the first quarter

    6%

  7. Greek jobless rate remains stuck at 27.3 pct for third month
    Photo by Harry van Versendaal

    Economy

    upwards by 0.3 percent MoM. The year on year (YoY) figures showed a decrease in the number of employed... people - who are not measured in the labour force – remained flat for the second straight month at 3.37 million. This year’s peak of 3.39 million came in February. The monthly movements in the absolute

    6%

  8. Services help increase Greek current account surplus to 1.37 bln in June

    EconomyMacroeconomy

    to 1.37 billion euros from 898 million last year, according to the Bank of Greece (BoG.... In absolute figures, the 6-month C/A deficit landed at 1.12 billion from 2.42 billion last year... in Eurobank Properties to Wellington Management LLP. As a result, the year to date direct investment

    6%

  9. Current account deficit more than halves to 708 mln in March

    EconomyMacroeconomy

    billion last year, Bank of Greece (BoG) figures showed on Friday. The notable improvement reflects... percent or 960 million to 2.25 billion from 3.21 billion in the corresponding period last year. The year-on-year improvement in Q1 stems from a notable drop in the goods’ deficit by 870 million

    6%

  10. Lower bad loan provisions and increased write-offs for Greek banks in Q2
    Photo by MacroPolis

    Economy

    for the first half (H1) to 886 million. Last year, banks increased provisions by 1.7 billion euros in H1... billion euros in 2015, while all indications point to a notably lower figure for this year... last year. In H1 2015, the bulk of write-offs (843 million) was recorded in Q1, while only 165

    6%