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Record low net job balance in Aug but 8-month figure highest since 2001
Economy2016 from just 441 last year, the Labour Ministry’s information system (Ergani) data displayed on Tuesday. It is worth noting that this year’s figure is the highest negative figure for August since 2001.... In addition, men’s net departures were almost double compared to those of women and stood
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Primary cash surplus to Aug narrows to 2.4 bln, including arrears repayment of 1.6 bln
EconomyMacroeconomyGreece’s central government primary cash surplus dropped by 660 million euros to 2.41 billion... on Friday. It is worth noting though that this year’s figure includes arrears repayment of 1.57 billion... to 360 million, stripping out the arrears repayments showing a notable improvement from last year’s
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HFSF records losses of 578 mln in Q1 on negative revaluation of bank holdings
EconomyBankingbillion a year ago. This year’s bottom line was dragged by valuation losses of 579.26 million euros, with the bulk (564.54 million) stemming from the HFSF’s participation in the four systemic Greek... prices led the current market value even lower to 1.38 billion. The HFSF’s initial investment
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Athens chided over asylum process but complex set of obstacles in way
PoliticsGreek Politicsthe deal was signed in April are to be returned to Greece’s neighbouring country. The EU is to relocate... if Merkel’s complaint has been prompted by the lack of personnel and resources on the Greek side..., a spokesman for Germany’s Interior Ministry, who told the Financial Times that Berlin offered 200
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Draft budget sees primary surplus at 1.8 pct of GDP in 2017, revenue interventions of 2.5 bln
EconomyMacroeconomyThe Finance Ministry (MoF) tabled in Parliament’s Economic Affairs Committee on Monday the 2017... percent above last year’s estimate. It is projected to increase by 3.5 percent to 182.33 billion... both the FAF target of 0.5 percent and last year’s budget forecast of 0.53 percent. The primary
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General government primary cash surplus expands to 3.9 bln by August, arrears drop further to 6.3 bln
EconomyMacroeconomyGreece’s general government (gg) primary cash surplus expanded by 1.33 billion to 3.9 billion... government’s surplus grew by 303 million to 372 million. On the flipside, the state budget recorded a surplus of 966 million, down by 2 billion from last year’s figure of 2.97 billion. As a result, state
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Greek stocks rebound 2.1 pct, banks climb 5.7 pct
Economyon Monday’s Eurogroup, which is reportedly expected to decide the disbursement of the next bailout... this week’s gains more than offset the previous week’s losses of 1.5 percent. Since the end of August
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Athens mulls Erdogan comment on Aegean islands, sees Cyprus talks dragging on
PoliticsForeign PolicyAthens has been mulling over the implications of Turkish President Recep Tayyip Erdogan’s recent.... The Greek government is concerned that Erdogan’s comment reflects a so-called “revisionary rationale... to undermine the country’s Kemalists. What is more of a concern to Greek diplomats is that Erdogan
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Bad news for Greek Shipowners? Tonnage tax under European Commission scrutiny
Legalwith the aforementioned EU rules. The Commission’s inquiry focused primarily on Law 27/1975 ‘on the taxation of ships... that the Greek tonnage tax scheme was put in place in 1975, i.e. before the country’s accession... and practical expertise in its selected practice areas, while meeting today’s corporate needs for stable
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New episode in Greek TV drama
PoliticsGreek Politicsthe news media. The Council of State’s 16-9 decision on Tuesday to take the complaints of private TV... be considered by the high court. Tuesday’s ruling intensified a political battle surrounding the licence... probe may be linked to the court’s role in deciding whether the TV tender can stand. The government
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