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Newsletter 61 - 05/02/2016
of understanding target for pension cost savings of 1 percent of GDP (1.8 billion) in 2016
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Gov't proposes easing impact of pension reforms on self-employed for three years
Economy, which is reduced by 1 percentage point for incremental income of 1,000 euros. Thus, for annual
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Q4 GDP contracts 0.6 pct QoQ, recession of 0.7 pct in 2015
EconomyMacroeconomycompared to the Q3 drop decrease of 1 percent. In addition, Q4 GDP declined 2 percent YoY, decelerating
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Apartment prices down by 5.4 pct in Q4 and 5.1 pct over whole of 2015
EconomyMacroeconomyforecasts calling for a further fall in housing prices by 5 percent in 2016 and 1 percent in 2017
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Current account deficit falls to 780 mln in Dec and 7.5 mln in 2015
EconomyMacroeconomyliabilities rose by 1 billion largely due to non-residents’ investment in Greek shares, mainly the recent
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Newsletter 63 - 19/02/2016
(May 1). Regarding pension reform, signs of a potential compromise on the domestic front emerged
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Greek stocks rebound 5.8 pct over week
Economymay be inevitable for meeting the pledged target of 1 percent of GDP pension cost savings in 2016
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Travel receipts grow 12.2 pct in Dec, surplus rises to 12.17 bln in 2015
EconomyMacroeconomycountries eased 1 percent and those from other countries surged 31.5 percent. Arrivals from the US
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Unresolved pensions issues complicate the fiscal front
EconomyProgrammein 2013, KEAO has collected SSCs of almost 1 billion.
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Budget primary surplus jumps to 1.19 bln in Jan, largely on rising PIB revenues
EconomyMacroeconomyexpenditure largely reflects proportionally lower costs for: 1) Operational and other expenditure of 100
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