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Unemployment rate falls to 21.7 pct in April, lowest since Jan 2012
EconomyMacroeconomybalance stayed positive in May, with net hirings climbing by around 13,000 to 89,534 from 76,591 a year... unemployment rate among women fell by 2.1 pp from last year to 26.2 percent. The pace for men fell
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Trade deficit up 14.2 pct in May as imports increase along with exports
EconomyMacroeconomyat 2.56 billion euros, the second highest reading this year. Imports reversed the decline of the previous... for the first five months of the year point to a notable rise in the trade deficit by 24.7 percent to 10.09
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ESM approves next bailout tranche, providing Athens with some relief
PoliticsGreek Politicslast year, support for New Democracy stood at 29.1 percent, while SYRIZA garnered 16.2, meaning... 0.5 percent think they will experience an improvement in the next year and 7.4 percent in the next
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CPI up again in June with 1 pct increase
EconomyMacroeconomy. The Finance Ministry and the European Commission are expecting HICP to increase by 1.2 percent this year..., covering the fall of -10.4 which was registered in May. On a year-to-date basis, the indicator has
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Industrial production grows 5.4 pct in May after marginal rise in April
EconomyMacroeconomy. The aggregate figure for the first five months of the year showed that the IPI rose by 6.8 percent... which was registered in May. On a year-to-date basis, the indicator has declined by 2.3 points
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EC recommends symbolic closure of deficit procedure as Athens mulls bond issue
PoliticsGreek Politicsof contract workers that will be hired by local authorities this year and next. The letter was a reminder... of the year. It is hoping that it can complete the next review, expected to begin in October, on time so
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Eurosystem funding drops by 2.7 bln in June on reduced ELA liquidity
EconomyMacroeconomythe largest drop since February this year. As a result, central bank funding landed at 54.25... into account private sector deposit flows,” the BoG noted. On a year-to-date basis, Eurosystem funding fell
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IMF approves programme "in principle," repeats position on debt and reforms
EconomyProgrammeMechanism programme, on August 31 next year. In a press release, the Fund repeated the positions it has... medium-term growth rebounding strongly, with a 2.1 percent expansion this year and 2.6 percent in 2018
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S&P revises Greece outlook to positive, affirms 'B-' rating
Economythat this is likely to pave the way for Greece to successfully tap markets this year. S&P... for this year are scheduled on August 18 by Fitch and on October 13 by Moody’s.
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Travel receipts edge up 1.7 pct in May on higher foreign arrivals
EconomyMacroeconomysurplus improved by 2.5 percent to 925.9 million from 903.2 million a year ago. Higher receipts... billion this year, subject to a rebound in the average tourist expenditure close to 2015 level.
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