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  1. In autumn forecasts, EC sticks by GDP estimates but expects lower unemployment
    Photo by Panayiotis Tzamaros/Fosphotos

    Economy

    previous estimate that economic activity will start picking up from the second half of this year... expected performance in the labour market during the first half of the year, the EC lowered its forecasts... notes it expects the government to legislate by the end of the year the 2017 budget and the Medium

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  2. Unemployment rate edges up to 23.4 pct in August
    By Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    reading for this year as well as since March 2012. The comparison with the previous month shows...) from last year to 19.7 percent, while that for women also declined but at a much slower pace of 0.5... in the jobless rate for this and the next year. The Finance Ministry and the EC predict the unemployment

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  3. Stocks rebound 1.5 pct during week, banks climb 4.6 pct
    Photo by Panayiotis Tzamaros/Fosphotos

    Economy

    the year to date positive flow to more than 768 million euros. Corporate news National Bank... doubled to 80 million euros from 38 million a year ago, while EBITDA soared 74 percent to 199 million from 115 million last year. Next week, Piraeus Bank releases its Q3 results on November 15

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  4. First day of review talks highlights differences as Athens eyes tight schedule
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyProgramme

    to be concluded by the end of the year, according to Finance Ministry sources. In the last meeting... proposes it last for two years, while the institutions argue it should be just for a year. The lenders also propose that tax debt created in the preceding year be eligible for settlement, while

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  5. Greece and lenders make headway on review but labour reforms remain biggest obstacle
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyProgramme

    , as the revenue outperformance this year and the positive carry over in the next year alleviated... of the guaranteed minimum income (GMI) for that year. The respective issue for 2017 has been resolved

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  6. Budget for 2017 sees primary surplus at 2 pct on 2.6 bln fiscal measures, strong growth
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    in at 20.21 billion next year from 15.03 billion this year. Moreover, interest payments are seen down.... Both forecasts are in line with the European Commission’s latest estimates. Next year’s recovery

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  7. Travel receipts rebound 2.3 pct in September, 9-month figure still points to a decline of 5.5 pct
    Photo by MacroPolis

    EconomyMacroeconomy

    at 14.84 million in the 9-month period, up by 13.1 percent from last year, while those from non-EU... in the last two months almost offset the negative performance in the first half of the year... volume growth, market sources suggest that travel receipts will end up lower in 2016 from last year’s

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  8. Alpha Bank posts net profits of 41 mln in Q3, discloses NPE reduction targets
    Photo by MacroPolis

    EconomyBanking

    in the corresponding period last year dragged by high impairment losses. Similarly to the other Greek banks that have... costs. The 9-month figure fell 1.3 percent from last year to 841 million with the bank stressing it is on track to meet its full year target of 1.15 billion. Impairment losses decreased by 26.5 percent

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  9. General government primary cash surplus to Oct rises to 6.1 bln, arrears slip to 6.3 bln

    EconomyMacroeconomy

    billion in the 10-month period of 2016 from 4.71 billion in the corresponding period last year... to 63.16 billion in the 10-month period. Taxes soared by 3.79 billion from last year to 38.06 billion... year to date were posted in tax refunds (+329 million) and extrabudgetary funds (+154 million), while

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  10. Turnover in services sector improves in Q3
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    The majority of the turnover indices for the services sector rebounded year on year in the third quarter (Q3) of 2016, Hellenic Statistical Authority (ELSTAT) figures displayed on Thursday. Eight out... straight month to 3.5 in November extending the year to date gains to more than 20 points.

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