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Sale of 10 pct stake in NBG ups taxpayer losses from banks to 34 bln
EconomyBankingthe book closed for the placement of a 10 pct stake in National Bank of Greece (NBG). The transaction made available 91.47 million common stock, which represents 10 pct of the 18.49 pct stake of HFSF... 10 billion euros for Eurobank, for Alpha Bank at 3.7 billion euros, for Piraeus Bank at 13 billion
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Crumbling Greek pension system threatens big fiscal gap, budget derailment
Economyto the 2016 draft budget tabled on October 5, the Finance Ministry expects SSFs to record a cash primary... contributions, increased main pension expenditure by 167 million compared to last year’s budget... included in the 2016 budget relates to the implementation of the Council of State decision that ruled
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Budget primary surplus at 1 bln in Jan as tax revenues outperform
EconomyMacroeconomyThe budget primary surplus was confirmed at 1.02 billion euros in the first month of 2017, broadly stable from last year, according to the Finance Ministry (MoF) final budget execution bulletin... expenditure and Public Investment Budget (PIB) balance came in 58 and 41 million lower than target
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Slight easing of Covid-19 data as focus turns to retail, budget
PoliticsGreek Politicsin Kathimerini citing Finance Ministry data suggested that eight in 10 companies and one in three... hirings, down by 89,008 compared to last year. Layoffs were also lower by 89,634. Budget debate... over the 2021 budget in Parliament this week before Tuesday’s vote. New Democracy will point
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Govt searches budget for space to adopt more Covid and energy relief
PoliticsGreek Politicsextend beyond the provisions made in the budget. Greece reported a new record in daily Covid... in the public and private sector is increased to 50 percent, while stadium attendance is reduced to 10... for the impact that Omicron is likely to have on the budget, as well as planning a series of targeted measures
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Greeks' wages fell more than 10 pct in 2013, IKA data shows
SocietyAverage wages in Greece fell by more than 10 percent in 2013, according to data published by the Social Insurance Institute (IKA), the country’s main social security organisation. IKA found.... Those working in smaller companies (employing less than 10 people) earn around 60 percent of what
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Building permits rise by 23.8 pct in Oct, up by 10.9 pct in first 10 months
EconomyMacroeconomyin the number of permits issued were noted in 10 out of 13 regions covered. The three largest increases were... of absolute permits was issued in western Macedonia with 26 permits. During the first 10 months
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PM increases coronavirus support package to 10 bln, while sounding dire warning to public
PoliticsGreek Politicsof up to 10 billion euros to fight the spread of the disease in Greece and support the workers... in the emergency round of quantitative easing after 10 years of exclusion from the eurozone central bank’s
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Podcast - A decade in Greece: Looking back on the last 10 years
AgoraThis episode of The Agora involves a departure from our normal format as we mark 10 years since MacroPolis was launched. During that time, so much has happened in Greece: The debt crisis, political... disasters. So, with the help of 10 friends and colleagues, we looked back on their most memorable
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How Greece reduced its unemployment rate to less than 10 pct
Agorareached a staggering 28 pct in the summer of 2013. It was at 10 pct at the end of 2009, just... below 10 pct in the latest ELSLAT release for October, landing at 9.6 pct. It was one more
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