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  1. Newsletter 107 - 17/02/2017

    Newsletters

    , while interest payments soared 55.2 percent to 180 million, 40 million above target. As a result, total... to the MoF. This brought to 3.13 billion the total amount paid to clear arrears in 2016. This figure... 3.5 billion exclusively for arrears clearance. Around one third (1.03 billion) of total GG arrears

    12%
  2. Job departures hit 17-year high of 29,817 in January
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    2001. The breakdown showed hirings reached 126,501 in January. They fell short of a total of 156,318... in January 2015. The share of males among total hirings edged up to 59.4 percent in January from 58.5... involved flexible types of work, with part-time and shift work making up for 40.1 and 14.6 of total

    12%
  3. Q4 GDP contracts 1.2 pct QoQ, leading to recession of 0.1 pct for 2016
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    consumption fell by 2.1 percent, leading total consumption up by 0.6 percent. Private consumption retains the lion’s share of GDP, making up 69 percent of the total figure. The latest European Commission... stayed flat QoQ and rebounded 12.1 percent YoY. Overall, total exports fell 1.5 percent in 2016 entirely

    12%
  4. Out-of-court workout bill prepared amid apparent concern from banks
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    their debts to banks, tax offices, social security funds and suppliers. The minimum amount of total.... Specifically, SME’s NPEs stood at 23.5 billion (59.9 percent of total), small business and professionals’ NPEs at 16.8 billion (67.2 percent of total), while large corporate NPEs amounted to 14.8 billion

    12%
  5. Net job hirings at record high of 38,517 in March, lead to positive balance in Q1
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    at 170,810 in March and outpaced a total of 132,293 departures. Just under half (around 49 percent.... The share of males among total hirings fell below the 58-percent mark from around 61 percent in February... and 14.8 of total hirings respectively. Full-time employment accounted for 46.5 percent

    12%
  6. These were the key drivers behind Greece's strong fiscal performance in 2016
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    . Taxes on production and imports (mostly indirect taxes), which hold the lion’s share of total revenues... of the total figure, rose by 1.06 billion to 18.15 billion. Social contributions, which represent the second highest revenue component (28.5 percent of the total), recorded a smaller rise of 510 million

    12%
  7. Material deprivation rises, while poverty risk drops slightly
    Photo by Aggeliki Koronaiou/Fosphotos

    Society

    , unchanged from the previous year. The survey also showed that 28.7 percent of the total population lives... at risk of poverty or social exclusion represent 35.6 percent of the total population (3,789,300 persons... in the total disposable household income) for persons aged 18-64 years is 44.9 percent. Excluding

    12%
  8. Collapse of Cyprus talks, "Justice March" raise risk of offshore drilling standoff
    Photo by Fosphotos

    Agora

    the risk of a naval confrontation between Turkey and the Republic of Cyprus when Total of France... in Block 11, which is located to the southwest of the divided island. Total acquired the rights to Block 11 in 2013. In March 2017, Eni announced that it had signed a farm-in agreement with Total

    12%
  9. General govt primary cash surplus at 4.10 bln in seven-month, arrears rise to 5.44 bln
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    at the end of July, constituting 42.4 percent of total arrears. Tax refunds were the next largest contributor, representing 28 percent of the total (1.52 billion), followed by hospitals at 10.1 percent (550... of the total debt. Bonds came to 49.14 billion (15.1 percent of total), T-Bills to 14.92 billion (4.6

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  10. Newsletter 131 - 8/9/2017

    Newsletters

    . A total of 95 prior actions have to be ticked off for the third review to be concluded. Further.... SSF arrears came to 2.30 billion euros at the end of July, constituting 42.4 percent of total arrears. Tax refunds were the next largest contributor, representing 28 percent of the total, followed

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