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  1. Fall in apartment prices decelerates to 0.2 pct in Q1 for slowest contraction on record
    Photo by Yiannis Drakoulidis/Fosphotos

    EconomyMacroeconomy

    in apartment prices has remained under 1 percent. Compared to the previous quarter, apartment... to an average drop of 1 percent, improving against the drop of 2.4 percent in 2016. Apartment prices

    5%

  2. Unemployment rate stable at 21.2 pct in Q1
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    of unemployed fell below the 1 million mark for the first time since Q3 2011 in Q3 2017, but has since gone... unemployed (over 1 year) declined for a fifth continuous quarter to 684,600. Out of the total, long-term

    5%

  3. Moscovici hints at possibility of shelving 2019 pension cuts, riles opposition
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyProgramme

    to implement the cuts, which aim to reduce pension spending by 1 percent of GDP, might be realised. Moscovici... and reducing the tax-free threshold in 2020 so that another 1 percent of GDP (roughly 1.8 billion euros

    5%

  4. Athens taking more time to consider 2019 measures ahead of budget talks
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    of the compensatory measures that have been agreed with the lenders in return for implementing 1 percent... to be tabled by October 1 so that its review by EU authorities can begin under the terms of the European

    5%

  5. Building permits up by 4.4 pct in May and 5.3 pct in first five months
    Photo by MacroPolis

    EconomyMacroeconomy

    Building permits rose by 4.4 percent in May following a rise of 1 percent in April, Hellenic Statistical Authority (ELSTAT) data released on Friday showed. The latest monthly headline figure marks... drop of 1 percent, improving against the drop of 2.4 percent in 2016. The latest confidence indicator

    5%

  6. Central government debt rises to 345.38 billion in Q2
    Photo by MacroPolis

    EconomyMacroeconomy

    (up to 1 year) and medium-term (1 to 5 years) debt accounted for 13.2 and 10.8 percent of the total

    5%

  7. Focus turns to first post-MoU visit by creditors and talks on pension cuts
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyProgramme

    that cutting pension expenditure by 1 percent of GDP is not necessary in fiscal or structural terms... by October 1 before the economic plan is handed over to the European Commission on October 15 as part

    5%

  8. Athens eyes cancellation of pension cuts as Tsipras prepares Thessaloniki package
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    The Greek government has given its clearest indication yet that it does not intend to implement the 1 percent of GDP in pension cuts due next year. Ahead of the first meeting of Alexis Tsipras’s new... on September 10. The main proposals for tax cuts are: 1. A reduction in the basic tax rate from 22 percent

    5%

  9. No imminent decision on pension cuts as Athens moves ahead with minimum wage increase
    Photo via Fosphotos

    EconomyProgramme

    it has to reduce pension spending by 1 percent of GDP in 2019 until December 3. The reason given... the draft budget to Greek Parliament on October 1, and then to the European Commission two weeks later

    5%

  10. Tsakalotos states case on pension cuts in bid to overcome lenders' reluctance
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyProgramme

    arguments that the Greek government is hoping will help convince the institutions to allow the 1... budget due to be tabled to the House on October 1 will still contain plans for the pensions to be cut.

    5%