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Building permits drop by 14.4 pct in March
EconomyMacroeconomysector has remained subdued in recent years as both private and public construction projects were.... At 15,325 permits, the total for 2018 has surpassed the total for 2017 by 1,478 permits. However... to -53.6 from -49.5 in April. Compared to the same month last year, construction confidence has risen
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Eurozone set to give next govt until Sept to address fiscal issues
EconomyProgrammehighlighted its belief that a large part of the fiscal outperformance of recent years has been the result... in Brussels on Wednesday also revealed that Greece has not made an official request to pay off early... Greece to address imbalances by continuing the reforms it has committed to as part of the post-MoU
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Unemployment rate up to 19.2 pct in Q1, long-term jobless still falling
EconomyMacroeconomy, the jobless rate has declined by 2 percentage points (pps) from the Q1 2018 figure of 21.2 percent... aged over 65, where the rate came to 11.2 percent. This group also has the lowest overall rate... has fallen below 600,000 for the first time since Q4 2011 when it stood at 537,300. Part-time
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ND maintains big lead but keeps foot down to counter possible low turnout
PoliticsGreek Politicsthat Mitsotakis has ruled out working with SYRIZA, his sights are set on gaining a parliamentary majority... that some Greeks might not vote and others might consider that the result has already been determined... with safeguarding delicate balances within his party. A complication has emerged over the televised debate
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Mitsotakis steps up pressure on voters to avoid July 7 letdown
PoliticsGreek PoliticsOpposition leader Kyriakos Mitsotakis has increased the pressure on voters to back his party... that this is not what Greeks want.” In the same interview, Mitsotakis said he has a clear idea about who... also insisted that New Democracy’s economic programme has been “strictly costed” and that the new
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Greek banks maintain focus on key areas as elections approach
EconomyBankingratio by around 90 bps. The issue has been rated Caa3 by Moody’s and CCC by S&P. According..., the bank has entered into discussions with possible investors of the Mirror portfolio, composed... million euros in serviced loans. In addition, the management of all non-performing loans has been
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Greek graduates still unequipped for job market, study suggests
SocietyThe Hellenic Federation of Enterprises (SEV) has released a study which shows that Greece’s... than evolving and thriving, Greece’s manufacturing sector has not only had to deal with adopting new... of the country,” which has led to a gap between knowledge and skills to fill the vacancies. The main problem
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Mitsotakis, ND officials rebuff suggestion of credit line
PoliticsGreek Politicsthe credit line and as a result the trust in Greece from the international markets has reached high levels..., with the potential of upsetting some voters in what has been a low-key election campaign, shadow... be a big risk for the new government to sign any agreement involving conditionality, even if it never has
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Merkel reluctant to discuss targets as Athens prepares bill with wide-ranging tax cuts
PoliticsGreek Politicswill be related to the golden visa scheme. Merkel There has been no indication from the Finance... has said that he first wants to build goodwill with the institutions by delivering quickly... response. “Merkel doesn’t say anything different to what the current government has already said
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Unemployment falls to 17.6 pct in April, dipping under 18 pct for first time since Jul 2011
EconomyMacroeconomyunemployed in September 2013, unemployment has shown a fall of around 38.1 percent. The overall labour force... percentage points (pps) year-on-year and came to 21.7 percent. This figure has been in decline since... departures. According to Ergani's data, June has traditionally recorded a positive hiring balance for every
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