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Gov't unveils bill to overhaul pension system, increase income tax revenues
EconomyProgrammefor 39-42 working years. The overall replacement rate for contributory pensions stands at 11.55... percent weight). The social security contribution rate for main pension is set at 20 percent, of which... and pensioners. Self-employed and farmers will pay the whole rate, which would be applied on their declared
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Unemployment falls to 21 pct in July, lowest since Nov 2011
EconomyMacroeconomyunemployment to stand at 21.9 percent for 2017. The OECD has said that it expects the jobless rate... revealed on Thursday. The headline figure means that the jobless rate now stands at its lowest level... market. The SA unemployment rate among women fell by 3.3 pp from last year to 25.3 percent in July
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Greek current account surplus up to 1.6 bln in September after fourth straight rise
EconomyMacroeconomyas the trade deficit excluding oil and ships contracted by a low single digit rate YoY. The services... in residents’ holding of foreign bonds and T-Bills. Overall, the year to date figure shows a net outflow
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PMI continued improving in Oct but survey data points to economic struggle ahead
EconomyMacroeconomyand the absence of demand. A lack of new orders led to a decrease in outstanding business, while the rate.... In addition, falling production volumes resulted in lower holding of unfinished goods. The average lead times
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Alpha-UniCredit deal marks step change in developments for banking sector
EconomyBankinginterest rate margins that pushed net interest income to 3.74 billion euros combined for the systemic... with the divestment of a share of close to 20 pct, half its current holding, in NBG via a book building process
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Local elections in Greece a precursor of European vote
PoliticsGreek Politicsbefore the EU elections, it has the potential to set the tone for the next few days and give certain... municipalities. Judging which of the national parties has done well or badly will be a tough job...-backed Stavros Kalafatis. SYRIZA’s Triantafyllos Mitafidis has little chance of making it into a second
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Tsipras gears up for internal battle, sets priorities for summer
PoliticsGreek PoliticsPanayiotis Lafazanis). This is not the first time that Tsipras has challenged the rebels to present... argument against the left-wing of his party as it has been unable to show that it has a convincing... weeks. Former Finance Minister Yanis Varoufakis, who has been defending his actions via the media
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Potentially divisive New Democracy leadership race taking shape
PoliticsGreek Politics. As a member of the ultra-nationalist LAOS until 2012, Georgiadis had the reputation of holding... has undergone somewhat of a makeover. Some commentators have praised him for his clear thinking.... There has been an uneasy balance between these two elements over the last few years, with many
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Coalition braces for Sunday demo, ponders impact on cooperation
PoliticsGreek Politicsto the idea of a compromise, while PASOK has also taken a fairly moderate stance, without clearly stating... to get cold feet in the coming weeks. The demonstration has also put the coalition on tenterhooks. SYRIZA... of holding a national vote seems unlikely as PASOK and To Potami, which are in the process of merging
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SYRIZA seeks to bolster post-MoU narrative with early IMF repayment
PoliticsGreek PoliticsRegling has already indicated that he would support Greece’s request. Although the early repayment... as it will strengthen SYRIZA’s argument that it has overseen the end of the bailout era and that even... committee of SYRIZA-Progressive Alliance, the grouping Tsipras has put together for May’s European
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