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Lowest income groups in Greece saw wages drop and taxes rise most during crisis
SocietyLower income groups in Greece saw their tax burden increase by 337.7 percent from 2008 to 2012, compared to a 9 percent rise for higher income groups, a new report on the impact of the crisis and austerity policies on incomes, inequality and poverty in ...
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ELA funding down by 8.6 bln in Dec for sharpest drop since July
EconomyMacroeconomyGreek banks’ Eurosystem funding continued heading south for the sixth straight month dropping by 5.89 billion in December after a 5.98 billion fall in November, Bank of Greece's (BoG) 2015 balance sheet showed on Monday. In absolute terms, Central Bank ...
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Labour Ministry 2015 data shows increase in employment, marginal drop in average wage
EconomyThe Labour Ministry published on Tuesday the annual report of its information system (Ergani) providing detailed figures on mostly private sector companies and their workers. The information was gathered by data entered electronically by firms into Erga...
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Drop in building activity slows to 12.2 pct in February
EconomyMacroeconomyGreek building permits dropped at a decelerating pace of 12.2 percent in February from 18.8 percent in January, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday. Building surface also fell by 16.6 percent, while the respective volume e...
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Lower foreign arrivals lead to 7 pct drop in April travel receipts
EconomyMacroeconomyGreece's travel receipts fell by 7 percent in April after a short-lived rise by 8.2 percent in March, Bank of Greece (BoG) figures displayed on Wednesday. In absolute terms, travel receipts stood at 443.3 million in April, while the corresponding paymen...
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Drop in arrivals and spending impinge on H1 travel receipts
EconomyMacroeconomyThe balance of travel services in June posted a surplus of 1.72 billion euros, a decline of 3.6 percent compared to the surplus of 1.78 billion in the same period last year, according to data released by Bank of Greece on Monday. Travel receipts dropped...
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Greek stocks drop 2.5 pct for second straight week, banks tumble 5.4 pct
EconomyThe Greek stock market continued its downswing falling by 2.5 percent this week after edging down 0.9 percent in the previous week. Although trading activity picked up from the extremely low levels of the previous week, it remained overall subdued. Inve...
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Greek stocks drop 1.5 pct during week amid subdued trading activity
EconomyThe Greek stock market traded mostly in negative territory, closing 1.5 percent down on the week amid soft trading volumes. Investors preferred to remain on the sidelines adopting a wait-and-see stance ahead of upcoming development regarding the lifting...
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Stocks drop 1.3 pct during week with light trading volumes
EconomyThe Greek equity market fell 1.3 percent this week - mostly reflecting the losses of 2 percent on Friday, while the trading activity remained subdued for yet another week. Investors continue to stay on the sidelines, while their sentiment remains fragil...
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Credit contraction stable at 1.6 pct in Feb, net deductions drop to 101 mln
EconomyMacroeconomyThe rate of credit contraction in the Greek market remained stable at 1.6 percent in February, Bank of Greece (BoG) figures showed on Monday. Meanwhile, net deductions significantly slowed to 101 million euros in February from 885 million in the previou...
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