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Coalition's future in question over minister's gaffe
PoliticsGreek Politics, without fresh elections reflecting the shifting loyalties of the Greek public, which has grown
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Unemployment edges up to 24.4 pct in Q4 on seasonal drop in employment
EconomyMacroeconomyAfter falling in the preceding two quarters, the Greek non-seasonally-adjusted unemployment rate edged up to 24.4 percent in the fourth quarter (Q4) of 2015 from 24 percent in Q3, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday. Compared to the corresponding period last year
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Revenues of 1 pct of GDP targeted from changes to income tax and solidarity levy
Economythe tax burden from the low to the higher incomes and is preferred by the Greek government
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Marfin Investment Group returns to profit in 2015
Economydespite the ongoing challenges of the Greek economy. The report stated that the group’s consolidated
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Calls for snap polls, parliamentary probes set tone for polarised politics
PoliticsGreek PoliticsTuesday night’s parliamentary debate, which was supposed to focus on judicial issues, turned into a slanging match between the government and the opposition and set the tone for the upcoming months as far as the Greek political scene is concerned. The key moments of the debate, which was called
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Piraeus Port Authority announces profit increase for 2015
EconomyBankingThe Piraeus Port Authority (PPA) has released its annual financial statement for 2015, showing post-tax profits of 23.8 percent. The port authority, which represents the largest seaport in Greece and one of the largest in Europe, has a split ownership between COSCO (51 percent), the Greek Shipping
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Range of issues unresolved as programme talks resume in Athens
EconomyProgrammeThe Greek government and the mission chiefs representing its lenders are scheduled to resume discussions on the first programme review in Athens on Monday afternoon after a two-week break for Catholic Easter. The meetings will take place amid much tension triggered by the publication
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Greece seeks to finalise 1 pct of GDP in new tax measures to close review
EconomyMacroeconomyThe Greek government appears to have prepared proposals for a range of tax measures to discuss with the mission chiefs in Athens as efforts to close the programme review intensify. Apart from measures related to pension reform and direct taxes - each yielding 1 percent of GDP (1.8 billion euros
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Unemployment rate resumes upward trend to 24.4 pct in Jan
EconomyMacroeconomyestimates the Greek jobless rate will fall to 24 percent in 2016 and further to 22.8 percent in 2017
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Notable drop of 1.5 pct in March CPI
EconomyMacroeconomyΤhe Greek Consumer Price Index (CPI) decreased at a markedly accelerating pace of 1.5 percent in March from 0.5 percent in February, Hellenic Statistical Authority (ELSTAT) figures showed on Friday. The March headline figure is the highest negative reading since September 2015. The harmonised index
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