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Newsletter 114 - 07/04/2017
involves Athens adopting 1 percent of GDP (roughly 1.8 billion euros) in new measures in 2019 and another 1 percent of GDP in 2020. The first set will be mostly made up of cuts to pension spending.... Manufacturing PMI dropped by 1 point to 46.7 in March, almost offsetting the increase of 1.1
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Newsletter 117 - 05/05/2017
and pensions (68 million) and halving the heating oil allowance. The pension savings of 1 percent of GDP... cuts of up to 18 percent, while the tax reform – which is expected to yield 1 percent of GDP... increase in 2019 and tax relief in 2020, each worth 1 percent of GDP. The targeted social expenses
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IMF sets out why it stands apart from eurozone on long-term growth prospects
EconomyProgrammefor growth, which the IMF does not see exceeding 1 percent over the next half-century even if structural..., which implies an annual reduction of Greece’s labour force just short of 1 percent (0.9 percent) each... the -0.5 starting point and achieve even the modest 1 percent growth that the IMF estimates
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China's Footprint in Southeast Europe: Constructing the "Balkan Silk Road"
Agoraplayers with different, at times conflicting agendas. The 16+1 cooperation format enables countries... would undoubtedly benefit more if they are operated on the basis of two-way traffic. [1] Countries... project is first and foremost about trade expansion. The existing 16+1 format focuses on the willingness
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CPI grows by 0.7 pct in October, positive for 10 successive months
EconomyMacroeconomythe 1 percent rise of September, Hellenic Statistical Authority (ELSTAT) data showed on Thursday... index of consumer prices (HICP) eased to a rise of 0.5 percent in October compared to a 1 percent rise... rose by 0.1 percent in October, driven mostly by rises in the price of clothing and footwear (+1
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Newsletter 139 -10/11/2017
. The Consumer Price Index (CPI) rose by 0.7 percent in October, posting a slight decline from the 1... index of consumer prices (HICP) eased to a rise of 0.5 percent in October compared to a 1 percent... of clothing and footwear (+1 percent), transport (+1 percent) and health (+0.6 percent). Industrial
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GDP growth slows in Q3 amid lower 2017 forecasts
EconomyMacroeconomypercent increase in exports, which was offset by final consumption by falling by 1 percent and a 9.3... remained flat in Q3. In Q2 it recorded 1 percent growth year on year. General government consumption... by 0.1 percent QoQ and 1 percent YoY. Final consumption retains the lion’s share of GDP, making up
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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... not violate the 1:4 attrition rule, thanks to legislation brought in in 2016 which loosened hiring caps
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Supplemental MoU sets out path for maintaining fiscal sustainability
EconomyProgrammeworth 1 percent of GDP each will be implemented. This was a discussion that was conditional... will be 1:1. IAPR will also be able to benefit from the public sector mobility scheme, with full... welfare, on top of the existing pension reform that is seen yielding 1 percent of GDP by 2018
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Budget primary surplus confirmed at 2.05 bln in July on lower PIB expenditure
EconomyMacroeconomy. Despite coming to a deficit, the balance beat its target by just over 1 billion euros. On a monthly..., above target by 188 million euros. Tax refunds rose by just under 1 percent to 2.33 billion, below..., while VAT revenues also rose by 1 percent to 9.12 billion. On a monthly basis, indirect taxes rose
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