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Wages index rises by 8 pct YoY in Q2, taking growth to more than 2 years
EconomyMacroeconomyGreece’s seasonally adjusted (SA) Wages Index maintained a solid growth trend in Q2, rising by 8 percent year-on-year (YoY), from 7.4 percent growth in the first quarter of 2024, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday. The wa...
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Record revenue shortfall of 2.83 bln in July shrinks primary surplus outperformance
EconomyMacroeconomy), higher Public Investment Budget (PIB) balance (by 1.53 billion) and lower tax refunds (by more than... billion better than target significantly contributing to the overall PIB balance outperformance... (and consequently non-payment) of the first instalment of property tax (ENFIA) with targeted revenues of more than
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Jan-Feb budget primary surplus soars to 3.04 bln, aided by underspend and PIB revenues
EconomyMacroeconomy(PIB) revenues, which grew by more than 1 billion euros from last year, coupled with an increase in net revenues by more than 800 million. In addition, the 2-month primary surplus outperformed... expenditure was 913 million lower than target), the higher PIB surplus (by 657 million) and the higher
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A snapshot of the Greek economy
Agorathe 419 investors (over 50 percent more than those who participated in the five-year bond issue... to examine state of the Greek economy at this early point of the year Budget balance: According... recorded a primary surplus of 1.797 billion. In addition, the government budget balance showed a deficit
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A sudden turnaround that could lead to sharp shock
Agorathe same balance of payments data, excluding oil and ships, Greece trades more than 5 billion euros... importer of Greek goods. Looking at the 2019 balance of payments data from Bank of Greece, travel and sea transport take the lion’s share of services receipts, representing more than 83 pct of total
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Greece tops EU tables for lawyers but also pending administrative court cases
Societymore cases than were submitted. When the cases are broken down into different categories, litigious.... General government total expenditure on law courts was lower in Greece than among most western... for this. The foreign business perception of the Greece’s judicial independence was also lower than
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Famellos aims for fresh start but existential questions dog SYRIZA
PoliticsGreek PoliticsThe latest conference held by SYRIZA, Greece’s fading leftist party, raised more questions than... Kasselakis in 2023. However, rather than Kasselakis, it was the ghost of Alexis Tsipras that haunted..., became vacant earlier than expected when Maria Syreggela opted to step down well ahead of the party’s
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Current account deficit widens to 1.3 bln in March
EconomyMacroeconomyoil prices. Non-oil imports increased more strongly than the corresponding exports. The expansion of the services’ balance resulted from an improvement in all subaccounts. The travel balance climbed... balance is attributed to a worsening of the general government balance. The aggregate figure
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Newsletter 59 - 22/01/2016
their total tax and SSC burden to more than 80 percent of their net income. A joint committee... ceiling than the one contained in the government’s initial proposal. At the same time, farmers... deal than the one they have proposed. days. Following a teleconference with the institutions
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Newsletter 70 - 15/04/2016
are that the Greek government is keen to find a solution and to close the review as soon as possible. Rather than... be less stringent than if the IMF is involved. Also, the tabling of the legislation is not quite... a record low of 692 in absolute terms. Net hirings in March The employment balance showed net
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