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Card transactions in Greece experience boost due to capital controls
EconomyBankingof 2015 were cited as a key driver for the jump in card payments in Greece, where cash has... data has been made available, the figure had jumped to 12.1 percent, only 2.7 percentage points (pps... lifting capital controls. The Ministry of Finance has been stepping up efforts towards the lifting
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Disposable income grows by 3.3 pct in Q2
EconomyMacroeconomyincome has remained in positive territory for five consecutive quarters, with the latest rate..., disposable income has fallen by 21.2 percent, or by 8.28 billion, as salaries were cut during a wave... percent, and stood at 15.88 billion. Employee compensation has fallen by 16.5 percent over the last seven
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After 2019 budget, lenders turn attention to Greek post-MoU reform tasks
EconomyProgrammesettled most of the legislation relating to the “positive measures” it has promised voters..., Greece has approximately 8.8 billion euros in bonds maturing in 2019, while the repayments to the IMF... in the final budget, the finance ministry has earmarked over 9 billion euros from the cash reserves
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Disposable income rises by 4.1 pct YoY in Q3, final consumption grows 1.8 pct
EconomyMacroeconomyStatistical Authority (ELSTAT) data released on Thursday. The YoY change in disposable income has... of 0.4 percent in social contributions. Since 2011, disposable income has fallen by 17.2 percent.... Employee compensation has fallen by 14.8 percent over the last seven years due to a sharp rise
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Disposable income rises by 1.7 pct YoY in Q4, final consumption grows 1.4 pct
EconomyMacroeconomyStatistical Authority (ELSTAT) data released on Wednesday. The YoY change in disposable income has... on social contributions. Since 2011, disposable income has fallen by 14.4 percent, or by 5.06 billion... has fallen by 13.2 percent over the last seven years due to a sharp rise in unemployment, along
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Lenders set to highlight reform delays, leaving fiscal gap concerns until after elections
EconomyProgrammeAthens has not been keeping up with the desired pace of reforms or even breaching commitments made... notes that the government has breached its commitments regarding hirings in the public sector as far as temporary placements are concerned. According to a leaked extract of the report, Greece has kept
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BoG report highlights economic challenges, proposes way forward
Economyoutlines the areas where there has been significant progress but it also highlights several risks... and responsibilities The BoG notes that Greece has made remarkable achievements over the years and has... that two things are of the utmost importance - public investment, which has been drastically
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Disposable income rises by 4.9 pct YoY in Q1, final consumption up by 0.2 pct
EconomyMacroeconomyincome has remained in positive territory for eight consecutive quarters now. The absolute figure landed... contributions edged down by 0.3 percent. Since 2012, disposable income has fallen by 11.4 percent, or by 3.62... compensation has fallen by 3.8 percent since 2012 due to a sharp rise in unemployment, along with wage
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Greece heads back to markets with 7-year bond in bid to boost own funds
Economythe pandemic’s appearance, the situation has changed dramatically as the economy has come to standstill..., Greece has an estimated cash reserve that exceeds 35 billion euros. Close to 16 billion euros... debt managers want to sustain this for when the pandemic has passed. The third option, which
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Govt faces pushback from food service sector over re-opening rules
PoliticsGreek PoliticsMitsotakis is trying to broaden the political agenda to non-pandemic related issues. He has announced... era. Mitsotakis has invited all political leaders to join him in the plaque’s unveiling in central... to the party or the radical/extreme left. SYRIZA has always denied any connection to the incident
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