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Athens looks to Draghi for positive signals on debt relief
PoliticsGreek Politics, with rising domestic and international pressure on the government to speed up reforms and deliver growth... and its inability to build up [functioning] administration,” he said at a book launch event... to avoid the debt debate being caught up in European election campaigning, with polls due
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Report shows Greek tax burden increased in 2015, remaining above OECD average
EconomyMacroeconomy. The breakdown of 2015 figures showed Greece’s taxes on income and profits (as a percentage of GDP) edged up... significantly in Greece compared to the other countries. In particular, taxes on goods and services make up... of 10.3 percent. In 2013 the Greek ratio stood at 12.7 percent. Consumption taxes made up almost 40
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New poll hurts coalition's recovery hopes as Turkey threat grows
PoliticsGreek Politicswith the institutions, there are concerns about a flare-up with Turkey. The nationalist rhetoric from Ankara has... up the programme review or debt relief during the conversation, indicating a desire not to rock... Turkey pick up, it would be left in an impossible situation that could have serious political
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Industrial production rebounds by 6.8 pct in October
EconomyMacroeconomyof the total index, increased by 7.2 percent. Electricity production that makes up around 21 percent of the IPI also rose by 8.9 percent, while water supply production edged up 2.6 percent. In contrast... on the back of a 4.8 percent rise in manufacturing production, while water supply edged up 0.3 percent
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Shaping the post-programme narrative in Greece
Agorathe Eurogroup emphasised public sector reforms, for example, in the labour market; the opening up... government, is already shaping up as the major discussion point between Athens, Washington, Brussels... measure is a waiver for 2017 of a two percent step-up interest rate margin of a loan portion linked
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Jan-Nov budget primary surplus surges to 7.4 bln on solid revenue performance
EconomyMacroeconomyGreece’s budget primary surplus jumped to 7.42 billion euros in the 11-month period of 2016, up... of 18.9 percent, but fell slightly short of target by 29 million. Indirect taxes edged up 1.4 percent.... For the 11-month period, primary expenditure edged up 1.6 percent to 36.49 billion euros, 847 million below
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Industrial production growth slows to 2.3 pct in Nov
EconomyMacroeconomy, electricity production (which makes up around 21 percent of the total index) grew by 8 percent... water supply production edged up by 0.8 percent. In contrast, mining and quarrying production fell.... It has increased by 7.9 points within 2016. In addition, the Markit Manufacturing PMI edged up by 1
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Job hirings of 11,132 in Dec; 2016 net hirings at record high since 2001
EconomyMacroeconomyOctober with flexible type of work making up close to 6 out of 10 hirings. The share of males among..., the employment balance for 2016 stood at 136,260, up by 36.7 percent from last year’s figure... and shift work accounted for 40.1 and 14.6 of total hirings, while full time employment made up 45.3
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Significant revenue outperformance drives budget primary surplus to 4.4 bln in 2016
EconomyMacroeconomy. For the whole year, primary expenditure edged up 2.2 percent to 42.22 billion, trimming previous... in December, while edged up 0.7 percent for the whole year and stood at 48.87 billion, 355 million lower... 1.57 billion in 2015, 258 million better than target. Summing up, the budget primary surplus
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Primary cash surplus of 1.95 bln in 2016 including arrears’ repayment of 3.85 bln
EconomyMacroeconomyrepayment) edged up 0.6 percent to 5.85 billion in December, while also includes a one-off payment... in 2016 with net revenues up 6.9 percent to 49.8 billion, while expenditure edged up 0.7 percent
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