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Tourism sector struggles as it prepares for full reopening in July
PoliticsGreek Politicsto reopen to international flights on July 1. Having missed out on a significant portion... capacity in region of 20 percent and almost no new bookings. Banks are preparing to head off a new wave... until July 15, or a more conservative reopening to a limited number of countries on July 1. Such a move
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This is where Greek gov't could find cash to cover May's obligations
EconomyProgramme3-month T-Bills worth 1 billion this week. This was the third key transaction related to payment... tranches, the first of 183 million on May 1 and the second of 697 million on May 12. d) Interest... partners after that on February 20. Kathimerini reported on Sunday that the state has utilised so far
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Clock ticks on bailout review but big gaps remain between Greece, lenders
EconomyProgrammecontributions for supplementary pensions by 1.5 percentage points (pp), 1 pp for employers and 0.5... in contributions e.g. for 1 pp in total. This means that the government has to consider alternative measures... to be granted after 20 working years with income criteria vis-a-vis the government plan for 15 working years
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Greece, eurozone edge closer on pensions and fiscal gap but IMF keeps bar high
EconomyProgrammepercent or around 1 billion euros, mostly related to measures that are incorporated in the 2016 budget but have not been either legislated or implemented. These interventions relate to: 1) Imposition... measures. Also, Greece has to identify measures yielding a total of 1 percent of GDP (0.75 percent coming
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Newsletter 117 - 05/05/2017
and pensions (68 million) and halving the heating oil allowance. The pension savings of 1 percent of GDP... cuts of up to 18 percent, while the tax reform – which is expected to yield 1 percent of GDP... increase in 2019 and tax relief in 2020, each worth 1 percent of GDP. The targeted social expenses
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Are hirings in the public sector out of control?
EconomyFeatures, and unemployment remains stubbornly lodged above 20 percent. The accusation that the government... and local government and the public bodies supervised by them is subject to a strict 1:4 (previously 1:5..., while the number of permissible hires for 2017 under the 1:4 rule was 2,453, the government claimed
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Greece takes first round against Covid-19 but fight continues
Agorato a champion of rational policy-making and a beacon of good behaviour. As of April 20, Greece has recorded.... The appointments were to abide by a 1:1 replacement rule (one hire for each departure) and would therefore... the 1:1 ratio for the health service, and to continue the hiring programme put in motion
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General government bottom line continues to improve with moderate decrease in arrears
EconomyMacroeconomy. The government is expected to repay arrears of 7 billion by the end of the year, 1 billion lower than the initial... noting that on Monday (October 7) the MoF will table to Parliament the 2014 draft budget. A bulletin
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Five things to watch for in today's elections in Greece
PoliticsGreek Politicsin Greece. Its margin of victory in the EU elections has ranged between around 1 and just over 4... will struggle to get more than 7 percent of the vote. This could lead to turmoil within PASOK. A challenge... under 7 percent. Electing at least a couple of MEPs would mean that the party continues the process
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Eurobank posts loss of 523.7 mln in Q4 2014
EconomyBankingstraight quarter. Net interest margin (NIM) rebounded by 7 basis points (bps) to 2.11 percent... of risk climbing to 7 percent in Q4 from 5.5 percent in Q3. The cumulative stock of provisions now... percent, also down by 1 percent point QoQ. Eurobank's management stressed that key catalysts for a return
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