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Wages index up by 4.9 pct in Q4 to reach highest level since 2012
EconomyMacroeconomyin the previous quarter. The index has not seen at this level since 2012 when it stood at 99.9, before dropping sharply to 88.3 in 2013. The index has been above the 90-point mark since Q3 of 2017. The record... 2015 at 85.2. Since its peak, the index has declined by a quarter on the back of the negative impact
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Athens and lenders continue talks on outstanding actions, aiming to conclude by March 25
EconomyProgrammehas settled 1.3 billion euros in arrears by the beginning of April. So far this year, around 600 million euros has been paid out. The latest target for the Greek government is to secure the approval... reached with its lenders has made the debt issue manageable for 15 years but over the longer term
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Unemployment rate inches up to 18.7 pct in Q4
EconomyMacroeconomy2011 that the rate of unemployment has been below 20 percent. Compared to the same period last year, the jobless rate has declined by 2.5 percentage points (pp) from the Q4 2017 figure of 21.2 percent... also has the lowest overall rate of unemployment. The highest rate of unemployment for those aged
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Primary residence talks continue amid uncertainty about draft legislation
EconomyProgrammeMinister Giorgos Houliarakis has taken part in the Euro Working Group on Monday, when further discussions.... The government insists that it has the right to move ahead since Greece is no longer in a programme... have been a few weeks ago because it has successfully tapped the markets with 5-year and 10-year
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Tsipras visits Skopje to highlight name deal positives as implementation work continues
PoliticsForeign Policyis spoken by citizens of my country and this has no relation with Greek Macedonians.” One... scrutinised. Their request has not been denied by the Greek side since as it has been said the Greek school
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Lenders deem second post-MoU review over, Athens waits for debt relief
EconomyProgrammeand the fact that the new scheme has widened the scope by including business loans that have primary... the target of reaching 12,000 staff in the Independent Authority for Public Revenues (IAPR) has not been... tranche that has been on hold over the last few weeks should be released. These are funds from
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Building permits drop by 10.2 pct in Jan
EconomyMacroeconomyincreased by 21.8 percent. Greece’s construction sector has remained subdued in recent years as both... crisis hit and the construction downturn began. At 15,325 permits, the total for 2018 has surpassed..., construction confidence has risen by 7 points.
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SYRIZA lines up more relief measures to entice voters
PoliticsGreek Politicsto consult with the institutions as this year’s limited fiscal space has already been accounted... of the national elections, the government has tried to pull out all the stops in terms of measures... Eurogroup. “Mr Tsipras has signed the reduction of the tax-free threshold, which we voted against
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Glimmer of hope for efforts to negotiate over tax-free threshold, but not primary surplus
EconomyProgrammewith the pension cuts. The Commission has been open minded and if there is fiscal space... for Greece’s programmes. Although last year’s fiscal space has been taken up by various measures... until 2022. Conservative leader Kyriakos Mitsotakis has suggested that he would first seek to show
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Detailed SME study shows crisis impact and business evolution
EconomyFeatures) has illustrated the challenges faced by SMEs in recent years and called for measures to support... of businesses during Greece’s crisis. The data used has been captured in two periods, from 2008... exports part of their products and services. The Greek business landscape has long been characterised
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