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Unemployment hit new high of 27.8 pct in October, set to rise further
EconomyMacroeconomyunemployment rate in the 28-member bloc. According to the Hellenic Statistical Agency (ELSTAT), the seasonally adjusted jobless rate in October stood at 27.8 percent from an upwards revised 27.7 percent in the month of September. After the previous months’ revisions, the October rate now holds the new
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Unemployment closes 2013 with new high of 27.5 pct in last quarter
EconomyMacroeconomyThe non-seasonally-adjusted unemployment rate rose to 27.5 percent in Q4, after marginally easing..., and showed the unemployment rate eased to 27.5 percent in December from 27.6 percent in November. The number... profound in the female population with the rate rising to 31.7 percent (from 31.3 percent in Q3
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Tourism helps bring Greek unemployment down to 26.4 pct in July
EconomyMacroeconomyThe seasonally adjusted jobless rate dropped to 26.4 percent in July from a downward revised 26.7... of the strong tourism season. The slowdown of the seasonally-adjusted jobless rate in July reflects a 1..., indicating the fifth consecutive positive reading. Similarly, the YoY rate of decline in the number
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November sees highest MoM drop in employment as headline figure remains at 25.8 pct
Economy-adjusted (NSA) jobless rate rose by 0.6 percentage points (pp) month on month (MoM) to 25.9 percent in November from 25.3 percent in October. The stable movement in November’s SA unemployment rate... in both items showed broadly stable trends. The rate of increase in the number of employed stayed
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Proposed VAT overhaul a stepping stone towards agreement with lenders?
EconomyProgrammecurrently two main VAT rates at 13 and 23 percent and a lower rate of 6.5 percent for hotel.... Varoufakis said that a new unified VAT rate of 18 percent will be applied to most products... card, the new VAT rate of 18 percent will be reduced by 3 percentage points (pp) to 15 percent. A low
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Unemployment unchanged at 25.6 pct in Mar but number of employed still falling
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate remained unchanged at 25.6 percent in March...-seasonally-adjusted (NSA) jobless rate jumped by 1.6 percentage points (pp) to 27.4 percent in March... rate reflects a drop in the number of employed and unemployed by 0.5 and 0.4 percent month on month
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No let up ahead in terms of fiscal demands for new Greek government
EconomyProgrammeto generate annual revenues of 1 percent of GDP. The basic VAT rate was set at 23 percent, a super-reduced rate was set at 6 percent for pharmaceuticals, books and theatre and a reduced rate of 13... that were voted on in the summer included an increase in the corporate tax rate from 26 to 29
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Programme review talks continue, progress on tax, pensions and NPLs at a premium
EconomyProgramme, with the lower rate of 22 percent to be applied for annual incomes up to 22,000. Until now, this rate... with the latter not benefitting from the tax break. At the moment, the self-employed are taxed with a rate... rent is due to be taxed with a rate of 15 percent (from 11 percent currently) for annual income
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Greek corporate lending rates up to 250 bps higher than eurozone average
EconomyMacroeconomyGreek households’ new time deposit rate fell by 10 basis points (bps) to 0.91 percent in February... capital controls were imposed. Following the drop in February, the time deposit rate in the Greek market currently stands around 25 bps above the eurozone average figure. Overall, the weighted average rate
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Gov't lowers tax-free threshold, prepares for third pillar of measures worth 1 pct of GDP
EconomyProgrammezero previously. Another amendment relates to a change in the tax rate for personal companies and small businesses to 29 percent. The previous tax rate was 26 percent for income up to 50,000 euros... envisaged in the initial bill. In addition, the article regarding the increase in the tax rate
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