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Ministers urged to speed up reforms as Athens prepares for lenders to return
EconomyProgrammeto the Prime Minister, Dimitris Liakos, has sent a new message to ministers asking them to speed up... much groundwork has been done on the 88 prior actions and that many of them can be ticked off.... A task force is currently assessing the new values proposed by evaluators. Once this phase has been
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Eurosystem funding decline picks up pace to 3.26 bln in April
EconomyMacroeconomy. In the first four months of the year, Eurosystem funding has fallen by approximately 12.09 billion... funding has increased. In recent months, ELA funding has been steadily falling, with the latest reduction.... Since a peak of 126.57 billion in June 2015, Eurosystem funding to Greek banks has steadily declined
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Tsipras moves forward with name talks as domestic balance comes into focus
PoliticsGreek Politicsfurther discussions in our countries,” Zaev added. He emphasised that along with Tsipras, he has... turbulent political phase in Greece, where New Democracy has criticised Tsipras’s approach.... Following the two large protests against a deal in Athens and Thessaloniki, Tsipras has shown that he
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Retail sales up by 1.2 pct in March on higher activity in dept stores, clothing
EconomyMacroeconomy(ELSTAT) on Thursday. The headline index has been growing in three out of the last four months that data has been available. February was the only negative reading since November. The corresponding volume... a brake on the ongoing recovery in retail confidence, which has been improving steadily since
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Unemployment at 20.1 percent in March
EconomyMacroeconomy, the figure for those employed has risen by 74,890. Total employment remained above 3.7 million... has fallen by 101,576. The unemployed figure remains consistently below the million mark, standing... among women fell by 1.8 percentage points (pps) from last year to 25 percent. This figure has been
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High level of opposition to Macedonia name deal seems to boost New Democracy’s ratings
PoliticsGreek Politicsname deal, which has received strong backing from European officials but is proving to be highly... about the political cost of settling a dispute that has lasted more than 25 years because he believes that most of his supporters will applaud him. Mitsotakis has opted for fiercely opposing the deal
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IMF's Article IV conclusion outlines progress and remaining risks on road to recovery
EconomyProgrammewill incorporate the updated Debt Sustainability Analysis (DSA). The mission concludes that Greece has..., growth has returned and unemployment is on the decline while last week’s debt agreement... to build up capital buffers along with further steps to mitigate liquidity and funding risks. The IMF has
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Retail sales up by 0.8 pct in April while volume rises by 1.3 pct
EconomyMacroeconomyindex has remained positive for three out of the first four months of the year. February has so far..., February has been the only month this year that the volume index fell into negative territory. Compared... has improved by 16.4 points and has fallen by 2.1 points since the start of the year.
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Unemployment rate edges up to 20.2 pct in April as number of employed dips
EconomyMacroeconomywhen the rate also came to 20.2 percent. The unemployment rate has remained under 21 percent for five..., the figure for those employed has also fallen by 1,242. Total employment remained above 3.7 million... in unemployed by 7,698 compared to March. Against the same month last year, the number of unemployed has
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Special tax structure would benefit hotels and jobs, bank argues
EconomyFeaturesand harness investments, Alpha Bank’s weekly financial bulletin has highlighted. Focusing its first section... quoted in the report, the hotel industry in Greece has undergone strong growth since 2004. In 2004.... However, the report notes that while the hotel industry has gone from strength to strength
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