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  1. Marked improvement for budget execution in Oct, primary surplus outperformance extended

    EconomyMacroeconomy

    million below target. For the 10-month period, primary expenditure dropped 7 percent to 31.45 billion... is that due to the delay in the payment of the next sub-tranche of 2 billion, the state resumed deferring non

    12%

  2. Greece receives list of milestones for next bailout sub-tranche

    EconomyProgramme

    revenues so the relevant legislation can be adopted during the first programme review. 2) Measures... related to primary homes and SMEs will be specified in the context of the first programme review. 7

    12%

  3. BoG report highlights need for programme implementation, political consensus
    Photo by MacroPolis

    Economy

    banks to unlock tied-up funds. 2) Fast implementation of goods and services markets’ reforms... to implement the necessary structural reforms. 7) Increasing investment also to bridge the gap between

    12%

  4. General gov't primary cash surplus widens notably to 4.84 bln by October

    EconomyMacroeconomy

    . The state budget primary surplus more than doubled to 4.45 billion euros in the 10-month period, from 2... to repay arrears of around 3 billion euros in the last quarter of this year and of 7 billion in total

    12%

  5. Pension reform wrangle prompts Greece to consider going own way on contributions rise
    Photo by MacroPolis

    EconomyProgramme

    in contributions could reach 2 percentage points (pp), of which 1.5 pp will burden employers (1 pp for main... Commissioner Pierre Moscovici in Brussels on December 7, with the latter noting the pair had “constructive

    12%

  6. Strong rebound of 7.7 pct in week for Greek stocks with jump in trading activity

    Economy

    time since December 7 and closed at 623.07 on Friday. Banks recorded double-digit gains of 15.5... percent, while Grivalia (-2.6 percent), METKA (-2 percent), Public Power Corporation – PPC (-1.3 percent

    12%

  7. Notable increase in grants to social security sector leads to budget primary deficit in Nov

    Economy

    billion) 2) Grants to Manpower Employment Agency (at 72.1 percent of the annual target of 750 million) 3... Fund - AKAGE (at zero versus FY target of 454 million) 7) Other social protection income support

    12%

  8. Gov't submits reform plan that raises contributions and cuts future pensions

    EconomyProgramme

    Retirement fund (NAT) will remain autonomous for their non-pension activities. 2) Unified methodology... would result in a replacement rate of around 57 percent. 7) According to estimates, the new pension

    12%

  9. Labour Ministry 2015 data shows increase in employment, marginal drop in average wage

    Economy

    , while the respective rate for females reached 46.7 percent. For almost 7 out of 10 employees the weekly... to 1,000 euros, 2 out of 10 between 1,000 and 1,500 euros and almost 17 percent a monthly wage above 1,500

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  10. Newsletter 61 - 05/02/2016

    Newsletters

    numbers rose slightly, output charges and input costs decreased. 2 Counting the cost of migration... it reached 7 billion US dollars for the global refugee crisis. Further consider Turkey, where approximately

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