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Are hirings in the public sector out of control?
EconomyFeaturesand local government and the public bodies supervised by them is subject to a strict 1:4 (previously 1:5..., while the number of permissible hires for 2017 under the 1:4 rule was 2,453, the government claimed an additional allowance of 4,644 hires remaining from 2016, bringing the total cap to 7,097
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One unicorn does not a Silicon Valley make: positive news on startup front also highlights limitations
EconomyFeaturesa valuation of 2 billion USD for Viva Wallet, making it Greece’s first official “unicorn” – a company valued at over 1 billion USD. Marathon VC, which has been tracking investments in Greek startups reported that the sector received record funding in 2021, approaching a total 1 billion USD. The news has
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General govt primary cash surplus at 1.45 bln in June as expenditure picks up
EconomyMacroeconomybillion euros, coming to less than 1 percent of the total. Guarantees The stock of gg guarantees fell... euros, or 2 percent, in the aggregate period up to June to come to 36.66 billion. This was driven... in compensation to bring the total to 8.35 billion. A smaller rise of 73 million was noted in transfers
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Newsletter 191 -25/01/2018
), which estimates pension payments on a monthly basis, showed that a total of 4.5 million pensions were paid in September 2018. The total sum involved came to 2.30 billion euros. The bulletin excludes... paid out. Out of the total number of pensions paid, 2.8 million relate to main pensions, 1.2 million
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Newsletter 31 - 19/06/2015
moderate outflows of around 2.9 and 1 billion, respectively. More than 70 percent of total withdrawals..., corresponding to 42.3 percent of the total outflow. Management at the country’s banks also indicated... BoG data, the banks’ non-performing exposure (NPE) ratio rose by almost 1 percentage point to reach
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Newsletter 131 -15/09/2017
showed that unpaid taxes shot up by just over 2 billion euros in July compared to a rise of 727 million.... Just over three quarters of this year’s total (5.72 billion) relates to tax categories. The remainder... since January 2015. 2 Building activity rises by 9 pct in June Permits remain above the 1,000-mark
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Eurobank net profits decline by 22.5 pct in 2017, NPE reduction beats target
EconomyBankingthe total impact for the first year is expected at 16 bps. Capital The phased-in Common Equity Tier 1.... In total, the management noted that NPE stock fell by 2.5 billion year-on-year (YoY) to 20.1 billion.... P&L NII rose by 1 percent QoQ, slowing from an increase of 1.3 percent in Q3, and stood at 373
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Alpha Bank's net profits decline to 21.1 million in 2017, fourth quarter makes loss
EconomyBanking) and operating income. For 2017, core PPI increased by 2 percent year-one-year to 1.21 billion. Asset quality Non-performing exposure (NPE) stock in Greece fell for the fourth quarter in a row by around 2..., impairment losses also declined by 13.9 percent to 1 billion, while the cost of risk fell to 172 bps from
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Updated Stability Programme reflects impact of crisis as growth revised to 3.1 pct, rising in 2023
EconomyMacroeconomy, with a sizeable deficit with Russia due to energy, with Russia representing 21.5 pct of Greece’s total... resources will filter through the economy, pushing up investment spending by 21.5 pct and a total growth... inflation is 2 percentage points above the latest estimates, and a benign one where inflation
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Newsletter 351 - 16/09/2022
challenge because as things stand Greece must turn the 2 pct of GDP primary deficit into a 1 pct of GDP... reading: “Diligence, continuity, stability”, Mitsotakis set out a total of 21 interventions, one-off... outpaced the ministry’s estimates, with the total cost for 2022 jumping to 13.2 billion euros, up by 55
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