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Unemployment rate edges up to 20.2 pct in April as number of employed dips
EconomyMacroeconomyrate in April last year was 21.7 percent. The current month’s rate is the lowest since October 2011... consecutive months so far. April’s figure is the first time since November 2017 when a year-on-year... persons month-on-month, representing a decline of 1.1 percent. Compared to the same month last year
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Primary cash surplus at 17.96 bln in Sept as expenditure for the month falls
EconomyMacroeconomyin the first nine months of the year, Bank of Greece (BoG) figures have shown. The headline figure includes... for the same time last year was 1.75 billion euros. The overall cash balance posted a deficit of 1.63 billion... year, which stood at a deficit of 1.07 billion euros. The breakdown showed that on a monthly basis
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Newsletter 193 -08/02/2018
of the year but went back on its word. The same report suggested that the European Central Bank... the state would require 700 million euros of extra spending per year. The plenary is expected to reach... by the end of last year but general government data published this week showed that despite paying out
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Newsletter 204 -03/05/2019
of elections that could be the litmus test for general elections later this year. friendly website TVXS... that were due to be implanted this year, Tsipras argued that his government could also reach... and the national vote due later this year. Similarly, Mitsotakis’s action seems driven by the desire to prevent
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Travel surplus rises by 10.4 pct in H1, German visitor numbers and receipts drop
EconomyMacroeconomy) of the year, Bank of Greece (BoG) noted in its travel balance report for the first six months of the year. This year’s figure is 10.4 percent higher than that for the same period last year when it came.... Receipts In the first six months of the year, travel receipts came to 5.14 billion, driven by a 6.9
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IMF revises fiscal outlook, sees lower primary surpluses in coming years
EconomyMacroeconomy, which was scheduled to bring 1 percent of GDP in added revenues next year, and the new... balance turning to a small deficit of 0.3 percent this year, which accelerates to 1 percent next year... forecasts that the primary surplus this year will be marginally below the target at 3.3 percent
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Newsletter 228 -15/11/2019
government has set its sights on the last Eurogroup of the year, hoping that it will manage to secure from... profits that are due to be released in two tranches next year, and a looser fiscal path from 2021... quarter of the year, the stock of unpaid social security contributions (SSCs) increased to 35.54
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Budget for 2020 eyes faster growth while balancing tax cuts with more revenues
EconomyMacroeconomy. Public spending growth will more than halve compared to this year at 0.6 percent, while exports... economy will reach 197.32 billion euros in 2020, from 190 billion this year. Employment will grow... 17.4 percent this year. On the fiscal front, Greece is seen comfortably meeting the fiscal target
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Newsletter 230 -29/11/2019
bill in the summer. The aim is for the panel to deliver the new “objective” values by May next year so.... This removes the possibility of snap national elections having to be held early next year, when the five-year... in principal and interest charges next year, decelerating to 1.44 billion in 2023. Greece was due to repay
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Newsletter 261 -07/08/2020
Democracy came to power just over a year ago. The changes were limited in number and scope, but were... as a vital source of funding to help Greece move on from 2020, a year that is expected to be damaging... and loans could help heal many of this year’s wounds, which could allow New Democracy to maintain its
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