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Disposable income grows by 3.3 pct in Q2
EconomyMacroeconomyincome has remained in positive territory for five consecutive quarters, with the latest rate..., disposable income has fallen by 21.2 percent, or by 8.28 billion, as salaries were cut during a wave... percent, and stood at 15.88 billion. Employee compensation has fallen by 16.5 percent over the last seven
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Retail turnover increases by 4.3 pct in August, volume rises 3.2 pct
EconomyMacroeconomyhas remained positive for six straight months so far. Apart from the negative reading in February, the index has remained positive throughout this year. The corresponding volume index also grew by 3.2 percent from downward revised growth of 2.3 percent in July. As with the sales index, February has
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APS option to help banks with bad loans seen gaining ground
EconomyBankingimmense pressure over the last month, during which time the index has dropped by close to 12 percent..., which has seen its share price plummet by 65 percent over the last six months. Over the same period, Alpha Banks has lost 42 percent of value, National Bank of Greece share price is down by 55 percent
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Mitsotakis responds to Tsipras challenge with proposals for broad changes to constitution
PoliticsGreek Politicsthe impression that he has the country’s long-term interests at heart and that his suggestions are aimed at improving Greece’s foundations. PASOK PASOK has yet to come forward with its proposals... if there is no clear winner at the ballot box. So far, KINAL leader Fofi Gennimata has not given
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Appeals over past pension cuts sow confusion about potential fiscal impact of backpay
Economybackpay for income lost due to the pension cuts in 2012 has put the spotlight back on a decision... in 2012 as unconstitutional. This, in turn, has placed the focus on the potential fiscal implications of this decision for the pension system. The issue has surfaced at an unwelcome moment
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With eye on elections, Tsipras talks up public sector hirings
PoliticsGreek Politics) of civil servants. The government has indicated that the majority of hirings will be in the education... for these programmes has been secured via the EU-finance National Strategic Reference Framework, or ESPA as it is known in Greece. It is clear that Tsipras has decided to opt for the tried and tested method
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Athens and lenders search for budget compromise by Thursday's EWG
EconomyProgrammethe Eurogroup’s approval for Greece’s plans, but also because any change to what has been agreed... Expo in September. Over the past few days, it has emerged that the institutions believe Greece... pensions, while also not sacrificing any of the measures promised by the prime minister. This has led
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Coalition optimistic about pension cuts deal as it readies reduction to contributions
PoliticsGreek Politicsthe Prime Minister’s Office, which accused Ta Nea of publishing fake news. Ta Nea has been a fierce... Marinakis, has soured amid a number of serious court cases involving the businessman, who also owns... has moved out of the MoU era and is able to use the greater freedom available to shape its economic
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Eyeing domestic gains, Tsipras pursues closer ties with Europe's social democrats
PoliticsGreek Politicsparties by SYRIZA has three main goals. The first is to improve Tsipras’s international standing, which... landscape that will ensure that it has some more potent relationships than it did when it came to power... is prepared to work with if the vote does not produce a clear winner. She has dodged the question until
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Greek tourism building strength but needs to diversify, PWC study finds
EconomyFeaturesPWC Greece has released an overview of the Greek tourism industry which analyses the industry’s... that demand for Greek tourism has grown steadily since 2012, but remains concentrated across the summer... spend has remained constant, which could be attributed to stays in Airbnb properties since spending
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