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Unemployment drops to 16.2 pct in Q1, excluding furloughed workers
EconomyMacroeconomyThe Greek non-seasonally-adjusted unemployment rate stood at 16.2 percent in the first quarter (Q1) of the year, decreasing from a rate of 16.8 percent noted in Q4, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday. The jobless rate has declined by 3 percentage points (pps) from
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Newsletter 474 - 05/09/2025
scale reforms that will favour incomes between 10,000 and 50,000 euros, with a more progressive tax rate and moving up the threshold of the top tax rate of 44 pct from 40,000 euros to 50,000 euros... million jobs. The unemployment rate peaked in the end of 2013 just short of 28 pct. The latest
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Finance Ministry scrambles to correct property tax after error-strewn debut
EconomyMacroeconomythe move because levying through electricity bills led to a high collection rate. The previous tax... to a collection rate exceeding 80 percent. The amount is higher for ENFIA compared to the property levy because of the wider tax base, which now includes plots of land and agricultural holdings. The MoF said
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Growth strategy sets out reform targets, broad policies for post-MoU era
EconomyProgrammethat took hold during the crisis. Growth rate Despite revisions by the European Commission and lower... of the employment rate by 7.4 percentage points, causing it to fall to around 14 percent from 21.4 percent...) that was put in place to oversee the development and revenue generation of all state assets and holdings
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Eurosystem funding down by 3.29 bln to 13.02 bln in July
EconomyMacroeconomyrate of 4.56 billion euros. July’s reduction brings the total for central bank funding to 13.02... at a milder rate by 809 million to stand at 8.18 billion. In recent months, ELA funding has been... with the lower haircut applied on ELA collateral and participation of Greek banks’ EFSF holdings
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Newsletter 229 -22/11/2019
interest rate environment for Greek debt that has manifested itself throughout this year, with the caveat... rate terms. Under the baseline scenario the debt is in a downward trend that keeps it above 100.... This consists of the return of the income amounts from SMP and ANFA holdings held by eurozone central
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Newsletter 241 - 28/02/2020
Theocharis estimates based on industry sources that the cancellation rate of Chinese bookings in Greece..., employment rises and the jobless rate is seen at 15.2 percent this year. The outlook remains broadly... in the form of releasing central bank profits from the SMP and ANFA holdings twice a year. The Commission
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PMI dips to 49.4 points in February as cost burdens pile up
EconomyMacroeconomythe rate of contraction was the slowest since September. Substantial supply chain disruption resulted... through the first quarter, Markit said. The rate of charge inflation was strong overall and the fastest... contributed to a further decline in inventories, as firms used current holdings to supplement
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PMI rises to 51.8 points in March, first expansion in over a year
EconomyMacroeconomysector for the first time since February 2020. However, Markit noted that the rate of expansion....” Companies were able to raise their selling prices in March at the sharpest rate since data collection... as firms struggled to replenish holdings of inputs and finished goods due to delivery delays. Markit
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Newsletter 291 - 02/04/2021
February 2020. However, Markit noted that the rate of expansion was only marginal, and slower than... rate since data collection for the series began in November 2002, Markit said. Respondents... contractions in inventories as firms struggled to replenish holdings of inputs and finished goods due
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