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Unemployment rate falls to 18 pct in Dec, lowest since July 2011
EconomyMacroeconomy, the unemployment rate stood at 20.8 percent, following a small revision. Unemployment has been below 19 percent for five consecutive months. This is the lowest the unemployment rate has been since July 2011... that the number of unemployed has fallen by 16,774, or 1.9 percent month-on-month. On an annual basis
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Mati fire investigation puts spotlight on authorities and government
PoliticsGreek Politics, the government has sought to highlight the role of illegal construction in the fire-stricken area northeast... they will launch a parliamentary inquiry into the Mati fire. He suggested that the prosecutors’ report has... that this was a positive step. The competition for younger voters will be strong given that SYRIZA has
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Government move over primary residences raises questions
PoliticsGreek Politicsan agreement with the institutions has prompted questions about SYRIZA’s motives. This immediately.... The fact that Tsipras has tried to politicise domestically friction with the creditors in the past means... will reveal more about the government’s intentions. A number of reports suggest that Athens has compromised
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BoG data shows that overseas property investment revenue accelerated in 2018
EconomyFeatures21 permits. Since then according to the latest data, the Golden Visa programme has shown average... has pushed Athens to 14th place out of 31 European cities as a property investment destination..., it is not without controversy. The explosion of short-term rental properties in recent years has
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Main residence draft law shows signs of compromise in several areas
EconomyProgrammeof the new framework suggest that Athens has compromised in several areas, while retaining some... on the payment culture in Greece. Despite the pressure from the lenders, the government has retained... of the draft law has been watered down in comparison to what the government initially proposed
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Economic sentiment stays at 101.3 in March
EconomyMacroeconomy2018. Compared to March 2018, the ESI has increased by 2.1 points. Consumer confidence improved by 1.7 points month-on-month and came to -31.6 in March. Compared to March 2017, consumer confidence has..., industry confidence has improved by 1 point. The services index continued to strengthen and rose
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Tsipras makes new push to dominate Greek centre-left
PoliticsGreek Politicsthe ideological battle lines for the special vehicle that has been created in order to boost... this by focussing on policy areas they think will appeal to such voters, e.g. education, SYRIZA has... the alliance are due to be announced on Tuesday. However, what is going at the moment has a longer-term
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Athens gearing up for new bond issue amid favourable market conditions
EconomyProgrammeGreek authorities appear to be working in parallel on the two goals Athens has set following..., which also led to the activation of almost 1 billion euros in debt relief measures, has paved the way... Mechanism managing director Klaus Regling has already indicated that he would support such a decision
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Unemployment rate edged up again in Jan, reaching 18.5 pct
EconomyMacroeconomy. Unemployment has now remained below 19 percent for six consecutive months. After December’s upward revision... showed that the number of unemployed has risen by 3,990, or 0.5 percent month-on-month. On an annual... (pps) year-on-year and came to 23.6 percent. This figure has been in decline since the high of 31.6
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Athens holds fire on debt schemes, prepares tax relief measures
EconomyProgrammeof the bill has been held up because the government is still negotiating with the institutions over a similar scheme for unpaid taxes. According to reports, the lenders insist that there has to be a form... to settle their dues in 18 to 120 instalments. Any debt that has been accrued up to the end of 2018
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