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Job departures hit 17-year high of 29,817 in January
EconomyMacroeconomyThe employment balance stayed negative in January 2017, with net departures climbing to 29,817 from.... This year’s figure is the third successive and the highest reading for January net departures since... to January net hirings was education (+3,296) followed by repair and installation of machinery
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Newsletter 113 - 31/03/2017
percent in February, according to the BoG. At the same time, net deductions significantly slowed to 101... months, the corporate sector has recorded cumulative marginal net deductions of 10 million, while... to contract since early 2011, with cumulative net deductions of 40.8 billion dragging down the loan stock
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Piraeus Bank posts minor losses in Q4, almost breaking even for 2016
EconomyBankingby announcing that it posted net losses of 17.7 million euros in Q4 from profits of 30.6 million... losses of 3.49 billion. The bank’s Greek operations recorded net profits of 74 million in 2016, which... percent to 1.32 billion mostly reflecting lower net interest income (NII). Asset quality Non-performing
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Newsletter 114 - 07/04/2017
2001 The employment balance remained positive in March, with net hirings jumping to 38,517 from... in February. The biggest contributor net hirings was accommodation (+11,898) ahead of the Easter period... the employment balance into positive territory for the first quarter, with net hirings reaching 33,638 from
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Current account deficit eases by 410.6 mln in April
EconomyMacroeconomy. Moreover, the improvement in the primary income account surplus is attributable to higher net... transactions were recorded under direct investment. The portfolio investment showed a net decrease... a net increase in residents' external assets which largely reflects a rise in their holdings
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Current account deficit rises by 124.3 mln in May
EconomyMacroeconomyis attributable mainly to lower net interest, dividend and profit receipts. A widening by 21 million... investment. The portfolio investment reflected a net decrease in residents’ external assets... billion. During the first five months of the year, portfolio investments showed a net decrease
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Fiscal obligations set out in sMoU, discussion on speeding up tax measures due in May
EconomyProgramme. Specifically, the package contains a pension reform, to be implemented in 2019, delivering net savings... and delivering net savings of 1 percent of GDP in 2020, 2021 and 2022 The pensions and income tax reforms are accompanied by a growth-enhancing tax package matching in net terms the yield of 2 percent of GDP
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January current account deficit at 585.8 mln as goods balance worsens
EconomyMacroeconomy. This was mainly caused by lower net services and travel receipts. Travel receipts fell by 3 percent to 153.1... to an improvement in the general government component. Financial account Residents’ net external liabilities.... Portfolio investment showed a net decrease in residents’ external assets, which reflects mainly a decrease
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Are hirings in the public sector out of control?
EconomyFeatures2017 smaller by about 200,000 jobs compared to the end of 2009. This represents a net reduction... for the fact that the headcount has been falling on a net basis every year between 2010 and 2016. Overall... of 54,150 at the end of 2012, a net increase of 21,660 or 40 percent (in fact the numbers are often
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Credit contraction at 1.2 pct in June, balance at 178.87 bln
EconomyMacroeconomyeuro mark for the third time since January 2007. The net lending flow turned positive after two months... billion. Credit to insurance corporations showed a net monthly inflow of 123.5 million, taking... 80 billion euros for the month. Driven by the net deductions mentioned previously, the household loan
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