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Govt takes up fiscal requests with EU as pressure over min wage, main homes mounts
Politicspolicies. Three requests relate to things that can happen from this year: Not including around 200 mln... surplus from one year to be transferred to the next, along with the longstanding demand... with the social partners towards the end of this month. In its final weeks in government last year, SYRIZA raised
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Industrial production declines by 4.5 pct in Dec
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) dropped by 4.5 percent in year-on-year (YoY) in December... percent. In 2019 the IPI fell marginally by 0.6 percent compared to 2018. The full-year figure...-on-month to stand at 2.7 points. Year-on-year, industry confidence has risen by 7.3 points. Additionally
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GDP falls by 0.7 pct QoQ in Q4 and increases by 1.9 pct in 2019
EconomyMacroeconomy. This is subject to revision in the second GDP estimate which ELSTAT will release later in the year... last year, private consumption increased by 1.8 percent in Q4 after a milder rise of 0.6 percent... QoQ and by 14.4 percent YoY. For the full year, gross fixed capital formation increased by 4.6
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Employment balance positive by 24,867 February
EconomyMacroeconomythe Labour Ministry’s Ergani information system showed. Compared to the same month last year... of the year since records began in 2001. The respective balance for the same period last year was 5,507 meaning that in the aggregate period this year, 2,042 more jobs were created. The activity between
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MoF to announce measures for safeguarding businesses impacted by COVID19
Economyon the expectation of meeting a primary budget surplus target of 3.5 percent of GDP this year given... this year while the more adverse scenario could see it growing by 1.8 percent. The latest GDP figures... quarter due to a dividend paid out before last year’s election, the government faces an extremely fine
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Car sales rise by 7.7 pct in February
EconomyMacroeconomyon Wednesday. In February 2019, the year-on-year change showed a rise of 15.7 percent. Car sales for the month came to 16,589 compared to 15,404 in February last year. Out of the total, passenger car sales... prefecture. The aggregate figure for the first two months of the year showed that sales increased
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Unemployment reaches 16.8 pct in Q4
EconomyMacroeconomyquarter (Q4) of the year, increasing from a rate of 16.4 percent noted in Q3, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday. Compared to the same period last year, the jobless rate... displaying the biggest year-on-year (YoY) declines in hires were agriculture, forestry and fishing
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Eurobank net profits at 256.7 mln in 2019
EconomyBankingeuros, up by 26.8 percent year-on-year (YoY). The bank noted that this figure excluded costs from... million. Net results including the above discounted components showed full year profits of 126.8... for the full year. Eurobank noted that it currently has around 5,200 properties under its repossessed real
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Industrial production falls by 3.4 percent in February
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) fell by 3.4 percent year-on-year (YoY) in February.... Year-on-year, industry confidence has risen by 5.3 points. However, Markit’s PMI for March showed... in fortunes was highlighted by negative output expectations towards the year ahead. Pessimism
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Car sales drop by 50.8 pct in March
EconomyMacroeconomyshowed on Thursday. In March 2019, the year-on-year change showed a drop of 9.5 percent. Car sales for the month came to 8,470 compared to 17,205 in March last year. Out of the total, passenger car sales... prefecture. The aggregate figure for the first three months of the year showed that sales decreased
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