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Govt augments support for businesses, workers as total outlay on economic boost reaches 6.8 bln
Economywill also be available for up to 700,000 self-employed and freelancers, or 75 pct of total non-salaried... workers in total for 45 days. He added that the addition of more types of activities, or tax codes..., will now be able to suspend VAT and tax payments. He also announced that up to 1 bln euros in tax
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Piraeus Bank reports 2 bln NII in 2023, income from fees at 547 mln
EconomyBanking, unchanged from fiscal year 2022. P&L Net interest income (NII) came to 2 billion euros in 2023, while net fee income was 547 million euros. Net trading income was 63 million euros. Total operating..., with the remainder maturing in June 2024 and December 2024 of 2.5 and 1 billion euros respectively. Capital
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Industrial turnover rebounds 2 pct in November
EconomyMacroeconomyGreece’s Turnover Index in Industry rebounded by 2 percent in November after an upward revised drop... turnover posted a higher growth rate of 5.4 percent, but accounts for just a fraction of the total... increases were posted in consumer non-durables (+5.2 percent) and intermediate goods (+2 percent
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Industrial turnover continues to slide with 1 pct YoY drop in Aug
EconomyMacroeconomyGreece’s industrial turnover dropped further in August, with a decrease of 1 percent year-on-year... 12-month basis, the industrial turnover was down by 1.8 percent, from a 2 percent drop in the previous period. Manufacturing revenue dropped by 1 percent YoY, with the mining and quarrying rising
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Almost 50 pct rise for new unpaid taxes in 2014 as overall total rises to 73.8 bln
EconomyMacroeconomyreflecting payments of 1.56 billion and write-offs of 893 million. Overall, the total stock of new and legacy debt amounted to 73.79 billion at the end of December, up by 1 billion month on month... to the legacy debt collections targeted by the Finance Ministry (MoF) at 1 billion in the first half
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Omnibus bill goes to Parliament as Greece seeks to unlock 2 bln sub-tranche
EconomyProgrammeretirement age limits gradually increase as of August 19 until January 1, 2022. 2) The minimum pension... by November 15 to unlock the second sub-tranche of 1 billion. The two sub-tranches of 2 and 1 billion... including the prior actions needed for the disbursement of the next sub-tranche of 2 billion. The bill
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Tax arrears jump by 1.45 bln in November to a total of 11.83 bln year to date
EconomyAfter a short-lived rise by less than 1 billion in October, Greece’s new unpaid taxes increased... in the course of the year. The aggregate number points to a total of new tax arrears of 11.83 billion year... have dropped by almost 2 billion reflecting revenue collection of 1.55 billion and write-offs of 424
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Marginal net losses of 2 mln for Alpha in Q1
EconomyBankingin March entailing a liquidity buffer of 3.1 billion. In more detail, from the total ELA collateral pool of 22.8 billion, the majority (15.3 billion) relates to loans, 3.5 billion to pillar II bonds, 2... 146.9 percent in Q4 remaining at the high end of the Greek market. The bank’s Common Equity Tier 1
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OECD sees growth stable at 2 pct this year, urges reforms and fiscal discipline
EconomyMacroeconomyupped its 2024 growth forecast to 2 pct, from 1.6 pct in the previous estimate, although... seen rising by 1.7 pct this year, from 1 pct before. Gross fixed capital formation is seen lower... of years, it is seen growing to more than 15 pct of GDP by 2025. In 2024, total domestic demand is seen
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Greek wages index falls 1 pct in Q2, down 23.8 pct since 2010
EconomyMacroeconomyAfter a short-lived year on year (YoY) rise of 2 percent in Q1, the seasonally adjusted Wages Index fell 1 percent in Q2, while it remained stable quarter on quarter (QoQ), according to the Hellenic Statistical Authority (ELSTAT). The index covers the total of gross earnings received by employees
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