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Greece 57th in WEF's Global Competitiveness Index based on new methodology
EconomyFeaturesThe World Economic Forum’s Global Competitiveness Index (GCI) for 2018 has shown that Greece fell... report uses new methodology which recalculates Greece’s position last year at number 53 out of 140... as well as its remaining distance,” the GCI states. Under this system, Greece’s overall score out of 100
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Industrial turnover rises by 20.5 pct in August for highest increase since May 2017
EconomyMacroeconomyGreece’s industrial turnover rose by 20.5 percent in August after July’s figure was slightly... of December 2017. August’s reading is the highest for the year so far and the highest since May 2017 when the reading came to 20 percent. The 12-month trailing index grew by 9.5 percent. The month’s
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Revision confirms second year of total fiscal surplus at 0.8 pct of GDP
EconomyMacroeconomyIn the context of the second Excessive Deficit Procedure (EDP) notification of 2018, Greece’s... than the 178.6 percent in April’s estimate, mostly thanks to the upward revision of GDP. Greece’s... that it settled in 2016. Overall, Greece’s fiscal data has remained broadly stable between the two
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Deposit inflows come to 102 mln in September, slowing from recent months
EconomyMacroeconomyto Greece’s exit from its adjustment programme in August combined to boost confidence in recent months... on a positive streak, September’s inflows are the second lowest for the year so far after February, when... to 147.47 billion. The BoG’s most recent monthly financial statement showed that Eurosystem funding
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Coalition's role in freight terminal contract, public broadcaster under attack
PoliticsGreek Politicseuros,” said PASOK MP Yiannis Maniatis during Thursday’s debate, when he asked for an investigation... much influence over the broadcaster. The issue reportedly came up at Thursday’s meeting of SYRIZA’s... and that their appointment would be approved by Parliament. SYRIZA’s inability to establish
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Human Rights Commissioner calls for improvements to battered healthcare system
Societyof the country’s crisis on Greece’s healthcare sector as well as the health of Greeks. The report... crippled the healthcare system’s capacity to respond to the medical needs of the general population... and treatment centres, and in March 2017, the Panhellenic Medical Association said that the country’s
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Unemployment at 18.9 pct in August, unemployed remain under 1 mln
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate fell just below 19 percent to 18.9 percent in August, from an upward revised figure of 19.1 percent in July, the Hellenic Statistical Authority’s... percent. August’s figure marks the fifth consecutive month that unemployment has remained under 20
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CPI up by 1.8 pct in October, highest since March 2017
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) rose by 1.8 percent in October after having risen by 1.1... was interrupted early in 2018 with negative readings of -0.2 percent in January and March, with January’s drop being the first negative reading since November 2016. October’s reading marks seven straight months
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Eurosystem funding rises to 13.2 bln in October, banknotes up for third month
EconomyMacroeconomyfor central bank funding comes to 13.20 billion euros compared to September’s sum of 12.23 billion...’s figure was driven by a very slight decline of 6 million in Emergency Liquidity Assistance (ELA... banks’ EFSF holdings in the ECB’s quantitative easing (QE) programme. Interbank repos have also
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Final budget for 2019 excludes pension cuts, includes 910 mln in expansionary measures
EconomyMacroeconomyimports, up by 7.5 percent vs. 3.4 percent imports growth. It is worth highlighting that in last year’s... time, the employment outcome is improved from last year’s budget, when the unemployment rate... place and was initially estimated at 7.3 billion euros. Based on the programme methodology, next year’s
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