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  1. Unemployment rate eases to 24.6 pct in Q2 as number of employed jumps
    en_GB Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    EconomyMacroeconomy

    improved by 2 pp over the Q2 2014 rate of 26.6 percent. This reflects a rise in the number of employed... (around 2 pp) to 21.5 and 28.3 percent respectively. The latter remains steadily almost 7 pp higher

    11%

  2. Travel receipts up by a modest 3.5 pct in July in aftermath of capital controls
    Photo by MacroPolis

    EconomyMacroeconomy

    . If confirmed, this would mean 2 million higher arrivals than last year’s figure of 24 million... contraction of 1.5 to 2 percent this year. In mid-August, the institutions that oversee Greece’s adjustment

    11%

  3. Pension reform to be one of new government's toughest challenges in next weeks
    Photo by MacroPolis

    EconomyProgramme

    in an annual increase in revenues by 854 million euros (0.5 percent of GDP). 2) Gradual elimination... the restoration of basic and supplementary pensions to their 2012 levels. 2) The gradual phase-out

    11%

  4. If it's stability you're looking for...
    Photo by MacroPolis

    Agora

    their applications by 2 October, but the tension will build until the vote, which will possibly take place before... has rejected the idea of cooperating with PASOK, despite seeing its support slip by 2 percentage

    11%

  5. Newsletter 45 - 02/10/2015

    Newsletters

    indicate that it may be split in two subtranches of 2 and 1 billion, respectively, meaning that two... Sentiment in September saw the biggest rise in 13 years. 2 Not a winter for ineptness Country must

    11%

  6. Greek 2016 draft budget contains 6.4 bln in new fiscal measures, sees recession ahead

    EconomyMacroeconomy

    contributions for main pensions (531 million) and supplementary pensions (183 million) 2) Reduction... percent discount in VAT on islands (2.2 billion) 2) Increase in the solidarity levy rates (390

    11%

  7. General gov't primary cash surplus widens to 2.6 bln in Aug, arrears up by 2.15 bln

    EconomyMacroeconomy

    sub-tranches of 2 and 1 billion respectively, the government has indicated it aims to pay arrears.... 2) Considerable drop in repos by 7.1 billion more than offsetting the marked rise by 6.4 billion

    11%

  8. Banks' trading updates show slight improvement in core pre-provision income, deceleration in NPL formation
    Photo by MacroPolis

    Economy

    percent quarter on quarter (QoQ) to 423 million. Fee income also fell 2 percent QoQ, yet the considerable... core-pre provision income (excluding one off items) rebounded 2 percent quarter on quarter (QoQ

    11%

  9. Budget execution slips in Sept as 3.08 bln primary surplus turns to underperformance

    EconomyMacroeconomy

    to: 1) SMP and ANFA income of 1.72 billion that was not collected 2) Non-assessment and collection... stands 1.24 billion below target. At the same time, PIB revenues stood at just 2 million in September

    11%

  10. Greek stocks up by 1.3 pct this week on banks’ 12.4 pct rebound

    Economy

    by 4 and 2 percent quarter on quarter (QoQ) respectively, while operating expenses increased by 1... a yield of 2 percent. Hellenic Petroleum announced a 5-year business plan targeting EBITDA of 650 million

    11%