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Unemployment drops to 16.9 pct in Q2, hitting eight-year low
EconomyMacroeconomyAuthority (ELSTAT) figures showed on Thursday. The current quarter’s rate is the lowest the unemployment.... The current quarter’s movement was driven largely by a fall in the number of unemployed by around... 70.8 percent in Q2. The latest quarter’s figure for long-term unemployed has remained below 600,000
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Industrial turnover rises by 4.3 pct in July
EconomyMacroeconomyGreece’s industrial turnover increased by 4.3 percent year-on-year (YoY) in July following... on Thursday showed. July’s reading is the third highest reading for the year so far. The 12-month trailing index grew by 4.7 percent. The month’s performance was led by an increase of 4.7 percent
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New waste strategy dials down recycling targets, promises to address landfill problems
PoliticsGreek PoliticsGreece’s Environment and Energy Ministry unveiled a new waste management strategy on Thursday... investment and featured on the agenda of Prime Minister Kyriakos Mitsotakis’s recent talks with European... inevitable, the timing brings it into stark contrast with this week’s announcements by the prime
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Athens looks to overcome APS snags as it awaits green light from Brussels
EconomyBankingFinance Minister Christos Staikouras was due to meet the CEOs of Greece’s four systemic banks... and the eurozone, he did not comment publicly on the government’s efforts to tackle the NPL challenge... that the finance minister’s meeting with the bank CEOs is aimed at garnering greater input from the lenders
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Banks highlight areas of concern in talks on NPL scheme
EconomyBankingas the guarantees did not bear any risk. However, Italy is at investment grade, whereas Greece’s creditworthiness remains in highly speculative territory, meaning the state’s guarantees will have... of the finance minister and the oversight by the Prime Minister’s office. The Greek authorities
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CPI edges down by 0.1 pct in September
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) contracted by 0.1 percent year-on-year (YoY) in September, staying negative for a second month, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday. September’s figure is the second consecutive negative reading after July’s contraction of 0.1
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Travel surplus rises by 10.4 pct in H1, German visitor numbers and receipts drop
EconomyMacroeconomyof the year. This year’s figure is 10.4 percent higher than that for the same period last year when it came.... The corresponding receipts rose by 14.1 percent. Leisure trips accounted for the lion’s share... overnight stays ashore increased year-on-year by 3.8 percent. Traveller concentration BoG’s report
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Industrial turnover falls by 8.1 pct in August
EconomyMacroeconomyGreece’s industrial turnover dropped by 8.1 percent year-on-year (YoY) in August following... on Friday showed. August’s reading is the fourth negative reading for the year so far and the lowest reading since June 2016, when the index dropped by 10.5 percent. The month’s performance was led
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Banks enter final quarter with high hopes for bad loan reduction while challenges remain
EconomyBankingGreece’s banks entered the final quarter of the year with several key developments on the front... of Greece’s systemic banks without notably impacting the banks’ balance sheets. The scheme...) worked on two separate schemes, but while the government’s scheme received the green light, the scheme
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CPI edges down by 0.7 pct in October
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) contracted by 0.7 percent year-on-year (YoY) in October, staying negative for a third month, Hellenic Statistical Authority (ELSTAT) figures showed on Friday. October’s figure is the third consecutive negative reading after July’s contraction of 0.1 percent
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