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Newsletter 218 -06/09/2019
as prime minister this weekend, when he plans to set out the government’s plans for another round of tax... and operate a casino on the site. He also pledged to invest more than 1 billion euros. On the back... the message that Greece is open for business. head to the Thessaloniki Expo on Saturday to set out his
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Newsletter 346 - 15/07/2022
of the year, as well as increasing pensions in 2023, by up to 5 pct, for the first time in more than... an investment grade rating for Greek debt next year. The PM is likely to set out what measures are possible... this summer. SYRIZA tried to outdo ND this week as opposition leader Alexis Tsipras set out during a public
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Foreign minister toughens stance as first autumn polls pile pressure on government
PoliticsGreek Politicsfrom the official government position. Gerapetritis stressed that his own policy line was set... base. The first set of polling figures after the summer recess suggest that backing... the downward trend. A sounding by Interview for Politic shows New Democracy losing 5 percentage points
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Greek primary budget surplus at 707 mln as revenues beat target in May
Economyby 48.2 percent to 1.99 billion euros. Both figures deviated by 5 million euros from the preliminary data... billion). The upward revision mainly stemmed from higher revenue targets (by 1 billion) counterbalancing... exceeding 1 billion euros per month. Indirect taxes continued were in line with the target despite
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Greek 2016 draft budget contains 6.4 bln in new fiscal measures, sees recession ahead
EconomyMacroeconomyon investments, consumption and domestic tourism. Despite GDP growth of 1 percent in the first half of the year..., investments are anticipated to rebound by 4.5 percent, exports to decrease at a slower pace by 1 percent... relate to: Expenditure and cost savings (2.39 billion – 37.5 percent of total) 1) Increase in health care
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Broadly stable rate in time deposits, corporate loan rates fall in Aug
EconomyMacroeconomyGreek households’ new time deposit rate edged up by 1 basis point (bp) to 0.87 percent in August.... Lower decreases of 19 and 4 bps were recorded for amounts higher than 1 million euros and between 250,000 and 1 million euros respectively. As a result, corporate loan rates in Greece remained around 300
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Are hirings in the public sector out of control?
EconomyFeaturesand local government and the public bodies supervised by them is subject to a strict 1:4 (previously 1:5) attrition rule laid out in the MoU, meaning one new hire is permitted for every 4 (previously 5..., while the number of permissible hires for 2017 under the 1:4 rule was 2,453, the government claimed
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Going for Growth: What next for Greece's economy and banks?
Agoratourism numbers in 2018 - some 30 million visitors who between them spent 16.1 billion euros[1]. And yet... property trades at a -46.3 percent real terms discount from its peak[5] and the sector can only recover..., with a series of capital market suspensions and a stock market that has contracted by 83 pct (figure 1
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Hotel owners sound warning over Thomas Cook revenue losses
EconomyFeatureswere 1, 2 or 3 star establishments, 32 percent were 4 start and 21 percent were 5 star. The lower.... Specifically, the amount of turnover generated via Thomas Cook for 1, 2 and 3 star hotels came... multiplier effect is added in, which estimates that for every 1 euro of tourism revenue generated
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One unicorn does not a Silicon Valley make: positive news on startup front also highlights limitations
EconomyFeaturesvalued at over 1 billion USD. Marathon VC, which has been tracking investments in Greek startups reported that the sector received record funding in 2021, approaching a total 1 billion USD. The news has... than 5 people. Only a couple of outliers employ more than 100 people. Economic impact The Hellenic
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