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Unemployment rate stable at 21.2 pct in Q1
EconomyMacroeconomyon Thursday. The latest figure means that the quarterly unemployment rate has remained under 22 percent for four consecutive quarters now. Compared to the same period last year, the jobless rate has... of unemployed fell below the 1 million mark for the first time since Q3 2011 in Q3 2017, but has since gone
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Industrial turnover rises by 6.7 pct in April for fourth positive reading
EconomyMacroeconomypublished on Tuesday showed. The latest figure means that the index has remained positive for four... to be at an all-time high. The PMI for May came to 54.2, completing a full year where the index has... confidence has declined by 1.7 points.
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No let-up in intensity of SYRIZA-New Democracy clash over name settlement
PoliticsGreek PoliticsDemocracy in a part of the country where it has traditionally performed well. The opposition senses... on the fact that Skopje has to drop any hopes of establishing cultural or historical links..., and New Democracy has been denied but reports suggest that the conservatives are monitoring
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The race to reduce Greece's bad loans
EconomyBankingand to 10.6 billion by the end of next year Alpha Bank has a portfolio of bad loans totalling 800 million... portfolio Eurobank has put up for sale takes the form of loans up to 10,000 euros in credit card debt... of its NPL reduction strategy, NBG has put up an NPL portfolio fo sale, totalling 3 billion euros
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Lenders set out post-MoU reform tasks ahead for Athens
EconomyProgramme. The first legislation that will enable a simplification has to be committed by the end of this year... forest maps has to be completed by mid-2019 and 45 percent of cadastral mapping by mid-2020... appointments of secretary generals and directors. The process has to be up by mid-2019. The mobility
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Athens turns its attention to settling differences with Albania
PoliticsForeign Policya very active role, especially in the wake of the name deal with FYROM, for which Athens has been... Zone, which will allow Block 1 in the Ionian Sea to be finalised, the state of war that has officially... that the government is negotiating this matter. “We are not discussing this at all. There has never been
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Improving trends in property market highlighted by central bank
EconomyBankingcommercial property even reported a small price rise. Overseas investment in Greek property has picked up... and 2.2 percent, respectively. An uptick in commercial property investment portfolios has also been... market in Greece for short-term rental properties. This new dynamic has led to an increase in real
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Coalition back-and-forth over name deal belies election strategy
PoliticsGreek Politicsa hard stop for the coalition. Kammenos has made it clear that he will not vote for the agreement, which...) to ratify the name deal. Prime Minister Zoran Zaev has promised to hold a referendum. It is not yet clear... Parliament. Pensions New Democracy would prefer elections to take place sooner, before Tsipras has time
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Greek debt management agency sees Eurogroup debt deal favourably
EconomyProgrammethat Greece’s debt now has a comprehensive package of debt relief measures that were nationally formulated... measures, which the ESM has already implemented, and medium-term debt relief measures recently agreed... to 2032. Greece has now a protracted period without any financing needs thanks to the 24.1 billion euros
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Blueprint for election battle laid out in Parliament debate
PoliticsGreek Politicstargets the government has agreed with the lenders and the ones that the New Democracy led coalition... indicated that he has information that a member of Tsipras’s family has received favourable
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