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  1. Economic sentiment and consumer confidence markedly improve in October
    Photo by MacroPolis

    EconomyMacroeconomy

    climbed to -63.6, which is the highest reading since the end of last year. The other four business... the beginning of the year, it has soared by 17.9 points. The industry confidence rebounded by 1.5 points in October to -4.7, after a short-lived drop by 1.1 points in September. The year-to-date gains stand

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  2. Some progress in first round of talks but most second review issues remain unresolved
    Photo by MacroPolis

    EconomyProgramme

    on fiscal issues mostly focused on this year’s budget execution and the 2017 draft budget in the wake... whether next year’s targets can be achieved. A fiscal gap of 0.2 percent of GDP is estimated for 2017... months of this year results in a higher base for 2017 compared to what was initially expected

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  3. General government primary cash surplus substantially widens to 5.3 bln by September, arrears edge down to 6.2 bln

    EconomyMacroeconomy

    billion in the 9-month period of 2016 from 2.44 billion a year ago, the Finance Ministry (MoF) gg... (SSFs) balance turned to a surplus of 923 million from deficit of 225 million last year, which... million. In contrast, the state budget posted a surplus of 1.82 billion, 364 million less than last year

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  4. CPI drops at a slower pace of 0.5 pct in October
    Photo by Pavlos Svoronos/Fosphotos

    EconomyMacroeconomy

    decreases in the course of this year. The core index decreased in October for the fourth straight... this year and the highest in the last four years. The breakdown of October CPI revealed the most marked... by air soared 41.8 percent from the previous year, while lower increases were recorded in heating oil

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  5. Economic sentiment and consumer confidence deteriorate in November
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    but has still recorded gains of 4.8 points year to date. Consumer confidence also dropped by 3.3... in November, extending the decline to 5.8 points since the beginning of the year. Three of the other four... extending the year to date gains to 20.1 points. The retail trade confidence indicator edged up 0.2

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  6. Job departures at 37,667 in Nov, 11-month net hirings highest since 2001
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    24,674 in the corresponding period last year, data from the Labour Ministry’s Ergani information system showed on Monday. This year’s figure is the highest negative reading for November since 2011... from last year’s figure of 91,874. Moreover, this year’s aggregate figure is the highest reading

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  7. Why can't Greece be more like Cyprus?
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    Agora

    ) by up to 1.7 percent year-on-year in 2016, while Greece’s economy is due to contract by another 0.3 percent of GDP. Unemployment in Cyprus is seen edging down to 13.4 percent this year, while the jobless... repeated rises in value-added tax have seen the top rate land at 24 percent. In this year’s Global

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  8. HFSF records losses of 1.2 bln in 9-month amid revaluation losses from bank holdings

    EconomyBanking

    period of 2016 from 8.89 billion a year ago, its interim financial report showed on Friday. This year’s bottom line result was dragged down by revaluation losses of 1.17 billion euros, of which 1.12... million in the 9-month period from 15 million last year. This fully reflects the absence of income from

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  9. Athens eyes fiscal compromise to complete programme review
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    few weeks. In an interview with Kathimerini published on New Year’s Eve, Finance Minister Euclid... of safeguard, such as extending the automatic fiscal mechanism that was agreed earlier this year... in the form of the automatic mechanism that was deemed acceptable earlier this year when the first

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  10. Job hirings of 11,132 in Dec; 2016 net hirings at record high since 2001
    Photo by Gerasimos Domenikos/Fosphotos

    EconomyMacroeconomy

    from 7,826 a year ago, data from the Labour Ministry’s Ergani information system showed on Friday... for the last month of the year since 2011. According to the breakdown, hirings stood at 155,135 in December..., the employment balance for 2016 stood at 136,260, up by 36.7 percent from last year’s figure

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