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Unemployment edges down to 16.6 pct in October
EconomyMacroeconomydatabase for November showed that there were 30,559 more firings than hirings. Compared to the same month last year, there were 2,690 fewer people fired than hired. Total hirings came to 208,583 versus... as voluntary departures. In the aggregate period, the employment balance showed 131,310 more hirings than
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Public investment under spotlight amid arguments over budget execution
EconomyMacroeconomyinvestment spending appear higher at state budget level than it was. In a statement accompanying... that the Public Investment Budget (PIB) execution last year was better than 2018 because in the previous... general government spending on investments was 3.69 billion euros, which was 800 million euros more than
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Lenders set out key review issues as Athens tables proposals for fiscal space
EconomyProgrammeand backpay for some categories of pensioners who have more than 30 insured years of work. Another... euros turned red during the crisis. The banks are calling for more than 2 billion euros of state... residences. The current scheme is due to expire at the end of April and despite more than 40,000 people
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Greek banks eye positive market appetite for bad loan sales
EconomyBankingstrategies, resulting in an NPL and NPE ratio of less than 5 percent and 10 percent respectively in the bank... Bank of Greece also said in January that it plans to leverage the Hercules mechanism for more than... after achieving this Stournaras noted that the NPL ratio in Greece will be five times higher than
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Unemployment continues decrease in Nov, falling to 16.5 pct
EconomyMacroeconomythan hirings. Compared to the same month last year, there were 9,636 fewer people hired than fired... balance showed 127,644 more hirings than departures. The respective balance for the same period last
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Gathering signs of coronavirus impact on growth expectations
Economyby 2.54 percent this year under the baseline scenario, lower than the government’s projection of 2.8... by 2.2 percent this year against a baseline of 2.5 percent, which as mentioned is already lower than... to 1.9 percent in 2020, almost a full percentage point lower than the government’s estimate. This could
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Overdue social security contributions edge down to 35.38 bln in Q4
EconomyMacroeconomy) revealed. Until the end of 2016, KEAO was fed by overdue contributions of more than 5,000 euros... of debtors owe less than 15,000 euros each for an aggregate amount of 4.54 billion euros (12.8... to 1.05 billion, higher than the amount for 2016 by 28.4 percent. For 2018, total revenue collection
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Newsletter 244 -20/03/2020
for a one-off, emergency scheme rather than a regular ECB QE programme. Also, the fact that New Democracy has a cash buffer of more than 30 billion euros at its disposal, which it inherited from... measures were taken earlier in Greece than in some other countries and that the number of cases
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Unemployment at 16.4 pct in January
EconomyMacroeconomythe Labour Ministry’s Ergani database for February showed that there were 24,867 more hirings than firings. Compared to the same month last year, there were 2,973 fewer people hired than fired. Total... showed 7,549 more hirings than departures. Ergani noted that this represented the second highest
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Snap election scenarios circulate as ND's pandemic response fuels surge in polls
PoliticsGreek Politicsof respondents supporting the governing party compared to 20.3 for the main opposition. More than 63 percent... of events a scenario for snap elections, less than one year into ND’s term in government. Such a scenario... also be a useful way to keep his party focussed on unity rather than questioning SYRIZA’s strategy
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