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Unemployment rate continues decline to 20.5 pct in September
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate fell to 20.5 percent in September after a slight upward revision of 20.7 percent in August, Hellenic Statistical Authority’s (ELSTAT) data showed... to August and stood at 3.2 million. The latest data from the Labour Ministry’s Ergani information
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Auctions, strikes trouble Tsipras but focus still on programme exit
PoliticsGreek Politics. SYRIZA’s main faction, the 53, met over the weekend and is reportedly preparing to make a number of interventions on this subject at SYRIZA’s next central committee meeting. Despite the insistence... as is the case at the moment. The Labour Ministry’s effort to attach the amendment to a non-related
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Clock ticks on prior actions as coalition searches for solution on islands
PoliticsGreek Politicsas part of the third review, while property auctions remain a thorn in the coalition’s side. Finance... of the government’s progress in completing the prior actions. After this, the European Commission... of vulnerable groups. The aim is for no more than around 3,500 people to be left in the island’s hot spots
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Despite cuts, pension system still at risk due to old-age dependency
SocietyThe Organisation for Economic Co-operation and Development’s (OECD) pension reform report revealed... percentage points lower, respectively, than the average poverty rate. In Greece’s case, this may point... one of seven countries where post-retirement earnings are limited by reducing benefits. In Greece’s
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Primary cash surplus at 2.33 bln in Nov as expenditure rises, PIB deficit widens
EconomyMacroeconomyGreece’s central government primary cash balance came to a surplus of 2.33 billion euros..., Bank of Greece (BoG) data revealed on Monday. The BoG notes that this year’s figure includes arrears... a year ago. BoG noted that this year’s figure includes a one-off item of around 2 billion euros related
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Most Greeks negative about spending power in 2018
Societyand shopping habits. This year’s survey found that 76 percent of respondents feel pessimistic about Greece’s economy. However, this is an improvement compared to last year’s figure of 87 percent who
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Budget primary surplus at 4.65 bln in 11-month on lower expenditure
EconomyMacroeconomyof 2017, decreasing by 19.3 percent against last year’s figure of 5.76 billion euros, the Finance... October’s surplus of 788 million. The budget balance in the first 11 months of 2017 recorded a deficit... down slightly by 0.4 percent to 4.85 billion euros, declining slightly compared to last month’s figure
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Countdown begins for multi-bill, coalition eyes minimum wage increase
EconomyProgrammeministers a week later. According to Kathimerini, the prime minister’s office has instructed all... under 25. Portugal’s left-wing government raised the country’s minimum wage to 530 euros
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Deposit inflows of 272.9 mln recorded in November
EconomyMacroeconomy. The figure is the second positive reading in a row after September’s negative balance of 47.2 million... billion. BoG’s monthly financial statement recently showed that Eurosystem funding fell by another..., the lowest reading since December 2008. The ECB’s most recent reduction in emergency liquidity assistance
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Omnibus bill to be tabled shortly as Athens edges to third review conclusion
EconomyProgrammeproblems, and the Eurogroup, Standard and Poor’s is due to publish its latest rating for Greek debt. It is expected that the rating agency will upgrade Greece’s grade to B or B+ on January 19, according... that Greece’s 10-year bond yield dropped to below 4 percent on the secondary market last week, which
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