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Manufacturing PMI climbs to 53.9 pts in August, outlook remains positive
EconomyMacroeconomyGreece’s Manufacturing PMI edged up to 53.9 points in August from 53.5 in July, staying over the 50-mark threshold for 15 straight months as confidence in the sector remains solid. Greece’s... in output and new orders, Markit noted. The rate of job creation accelerated in August. Greece’s
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General govt primary cash surplus at 2.82 bln in July, arrears unchanged
EconomyMacroeconomyGreece’s general government (gg) primary cash surplus came to 2.81 billion euros in the first seven... to the Finance Ministry’s (MoF) monthly gg bulletin. In the underlying subcategories, the biggest year... for local governments came to 254 million euros, a substantial rise against last year’s figure of 18
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Unemployment at 19.1 pct in June, under 20 pct for second month
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate fell to 19.1 percent in June from a downward revised rate of 19.3 percent in May, the Hellenic Statistical Authority’s (ELSTAT) data showed... consecutive month that unemployment has remained under 20 percent. Before May’s figure, the last time
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Mixed picture for government after first day of talks with creditors
EconomyProgrammesources, the issue of calling off next year’s pension cuts was raised. The Greek side reportedly set out.... The encouraging signs the Greek side drew from Wednesday’s meetings with the mission chiefs were... to a question from Kathimerini newspaper about next year’s pension cuts, he said: "The measures agreed
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Sarantis Group sales rise by 9.8 pct in H1
EconomyCorporatesConsumer product producer and retailer Sarantis Group’s results for the first half (H1) of the year... and came to 60 million euros against last year’s figure of 58.8 million. Sales growth in overseas... profit margin settled at 7.4 percent in H1 2018, down from 9.2 percent in H1 2017. The Group’s strategic
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Lenders' visit concludes with no firm answer on pension cuts
EconomyProgrammefully accept the Greek argument that next year’s primary surplus of 3.5 percent of GDP... this year’s and next year’s fiscal targets are secure. No final decision on this politically sensitive issue... of interventions, including non-performing loans, privatisations and the out-of-court workout. Greece’s
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Budget primary surplus at 4.18 bln in Sept as EU co-financed projects fall short
EconomyMacroeconomyMinistry (MoF) on Monday. Last year’s figure for the same period came to 4.54 billion, representing... to August’s figure of 4.62 billion. On an aggregate basis, gross revenues came to 38.38 billion euros... euros. Of the total revenues, 1.42 billion were EU funded while 147 million were from the government’s
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Pensions spending stable but early retirees burden system
EconomyMacroeconomy. For dividends, the average sum stood at 97.88 euros, slightly down from last year’s figure of 97.95 euros.... The government has been gradually phasing out the EKAS grant. In December’s bulletin, the number... optimistic that the budget would be accepted without any changes. The latest cuts aside, the country’s aging
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Primary surplus confirmed at 4.80 bln on lower tax refunds and public investments
EconomyMacroeconomyMinistry (MoF) on Wednesday. Last year’s figure for the same period came to 4.54 billion... to August’s figure of 4.62 billion. On an aggregate basis, gross revenues came to 38.37 billion euros... were EU funded while 147 million were from the government’s own sources. PIB expenditure dropped 5.9
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New details reveal what may have led to discrepancy in Athens Airport concession price
EconomyFeatures’s major privatisation projects. The current concession ends in 2026 and the new one is due to run... price would have stood as it was if conditions after 2015 had remained unchanged. HRADF’s executives... and yields on the government’s 10 year bonds reaching 8.4 percent. By 2018, yields on the same bond
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