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Government tables 2016 budget, upgrades GDP forecasts but leaves fiscal estimates unchanged
EconomyMacroeconomysessions. The discussion in the plenary is scheduled to start on December 1 and the budget is due... in 2016. This signals a revenue growth of 1 percent in 2016. Direct taxes are seen down 7.3 percent... interventions for a total of 5.73 billion euros for 2015 and 2016, of which 1.54 billion relate to this year
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Unemployment up for second straight quarter to 24.9 pct in Q1
EconomyMacroeconomy, despite easing by 1 pp to 50.9 percent in Q1. The most notable decline was posted in the next age group... for the second straight quarter by more than 1 pp quarter on quarter (QoQ) to 21.1 percent in Q1 from 22.6 percent in Q4. Meanwhile, the number of long-term (more than 1 year) unemployed fell to 839,800
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Bank of Greece reveals lenders' NPE challenge and sets out path to recovery
EconomyMacroeconomyof total exposures and have climbed to 108.4 billion or 45.1 percent at the end of June. Excluding... percent of total NPE reduction, corporate 16 percent, small businesses and professional 15 percent and shipping just 1 percent. In addition, the consumer and housing loan portfolios will contribute
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Public debt records back-to-back quarterly drops, falling to 393.49 bln in Q3
EconomyMacroeconomyof 1.6 billion euros in Repos. FSM loans continue to make up the bulk of the total, accounting for 61.... The weighted average maturity of the total debt fell marginally to 18.01 years in Q3, from 18.17 years in Q2... by residual maturity showed that long-term (over 5 years) debt made up 73.5 percent of the total, while
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Newsletter 371 - 24/02/2023
has risen by 1 percentage point to 25.1 pct. Third-placed PASOK has largely paid the price for this apparent rallying of the vote as its support dipped by almost 1 point to 9.8 pct. The undecided voters... back-to-back record years. In 2015, FDI was just above 1 billion euros. PwC presented its annual
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Central debt records small rise to 401.53 bln in Q1
EconomyMacroeconomya drop of roughly 1 billion euros in bonds and a rise of 2.2 billion euros in loans related to a rise.... FSM loans continue to make up the bulk of the total, accounting for 58 percent. The value of FSM.... The weighted average maturity of the total debt fell marginally to 17.46 years in Q1, from 17.54 years
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Unemployment drops marginally to 10.8 pct in Q3
EconomyMacroeconomy. A total of 514,622 were registered as unemployed in Q3, decreasing by 3.5 percent from the previous... quarter and rising by 1 percent from the same quarter of 2022. The number of economically inactive people.... The number of long-term unemployed (more than 1 year) came to 310,300 people, representing 60.3
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Central govt debt drops to 405.54 bln in Q1, bonds rise by 3bln
EconomyMacroeconomypercent of the total, while short-term (up to 1 year) and medium-term (1 to 5 years) debt accounted...Greece’s central government debt recorded a drop of roughly 1 billion euros to 405.54 billion euros... up the bulk of the total, accounting for 56 percent. The value of FSM loans came to 227.11 billion
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Central government debt rises to 406.18 bln in Q4 as repos increase
EconomyMacroeconomy. FSM loans continue to make up the bulk of the total at 211.42 billion euros in Q4, having dropped... to the third bailout programme. The weighted average maturity of the total debt continued its slide to under... maturity showed that long-term (over 5 years) debt made up 71.5 percent of the total, while short
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A closer look at the composition of Greece's bad loans
EconomyBankingtotal performing exposures remained unchanged at 12.6 percent. From the total NPE stock of 108..., from a total of 9.37 million, relate to NPEs. This number is extremely high, taking into account... in the course of 2015 and stood at just 1 percent of NPEs and mostly involved denounced loans. The collateral
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