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Wages index up by 2.2 pct in Q2 for ninth straight increase
EconomyMacroeconomyin Q1. As of the current quarter, the index has been above the 100-point mark since Q1 of 2017, equal to nine consecutive quarters. It has also stayed above the 105-point mark for four consecutive..., the index has declined by a quarter on the back of the negative impact of the internal devaluation on wages
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Building permits increase by 4.7 pct in June
EconomyMacroeconomyincreased by 21.8 percent. Greece’s construction sector has remained subdued in recent years... crisis hit and the construction downturn began. At 15,325 permits, the total for 2018 has surpassed... to the same month last year, construction confidence has increased by 2.2 points.
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Unemployment drops to 16.9 pct in Q2, hitting eight-year low
EconomyMacroeconomyrate has been since Q2 2011, when the rate came to 16.5 percent Compared to the same period last year, the jobless rate has declined by 2.1 percentage points (pps) from the Q2 2018 figure of 19 percent... 70.8 percent in Q2. The latest quarter’s figure for long-term unemployed has remained below 600,000
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Buoyed by strong ratings, Mitsotakis opts for caution on Novartis probe
PoliticsGreek PoliticsPrime Minister Kyriakos Mitsotakis has ruled out the possibility of New Democracy instigating... strong public support. Mitsotakis let it be known via his aides that he has no intention of sending... the necessary steps to expose the supposed plot, Mitsotakis has decided that pursuing Tsipras would
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New twist in Hellinikon saga as Lamda goes it alone
Economyby Greece’s Latsis family, as the main driving force behind what has turned into an emblematic investment... that the disagreement was in part about the management of the project, while it has also noted that the foreign... increase. Lamda has estimated the total investment in the old airport site will reach 8 billion
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Newsletter 220 -20/09/2019
in Parliament as soon as it gets the green light form Brussels. The report adds that the government has..., as the main driving force behind what has turned into an emblematic investment for the country..., along with ECB funding rising by 6 million. In the year so far, Eurosystem funding has declined
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Strikes greet labour measures
PoliticsGreek PoliticsYiannis Vroutsis has called the bill a strike in favour of employees and law-abiding employers... highest union body, has complained about the lack of advance consultation, calling the bill... temporary management and unable to declare a strike, it has called on some 150 federations and labour
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Athens looks to overcome APS snags as it awaits green light from Brussels
EconomyBankinghas to receive the all clear from DG Comp in Brussels, which is particularly focused on ensuring... there has been no official comment on this from either side, reports on Thursday suggested that the government has decided to give Finance Minister Christos Staikouras oversight of the plan, although
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Athens strives to bridge fiscal gap before unveiling 2020 draft budget
EconomyProgrammeEuropean Economic Affairs Commissioner Pierre Moscovici has given assurances ahead of his visit... recently, is a non-starter. The size of the fiscal gap that Athens has to bridge in the next two weeks... its position. The General Accounting Office now has a full picture of how revenues performed
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Athens sets out debt management strategy for 2020, reopens 10-year bond
Economythe benefits from the record low yields that Greece has been enjoying during the second part of the year..., and falling below 10 billion by the end of 2020. The PDMA has hinted that it would like to lock..., with a yield of 3.9 percent. The bond has rallied since issuance and its latest price yields 1.4 percent
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