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Greece gets tranche and looks ahead to next tasks, including pensions and NPLs
EconomyProgrammesecured by the increase in the health care contributions for pensioners from 4 to 6 percent for main pensions and from 0 to 6 percent for supplementary pensions, with targeted annual revenues of 854 million... consolidation of main pension funds, average cut in supplementary pensions by 6 percent due
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Newsletter 300 - 11/06/2021
euros, bringing the total size of the issue to 6 billion euros, the largest single security of the Greek..., with real money dominating at 69 pct, followed by banks at 22 pct, hedge funds at 6 pct and central... showed. The average CPI for the rolling 12 months fell by 1.5 percent. Month-on-month, the CPI for May
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Newsletter 204 -03/05/2019
is considering lowering the top VAT rate from 24 to 22 percent and the middle rate from 13 to 12 percent... or 12 percent. Tax refunds rose to 962 million euros in the aggregate period, higher than their target... to S&P, the positive outlook could bring a rating upgrade within the next 12 months if the economic
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Greece and Turkey search for way forward as leaders prepare for rare meeting
PoliticsForeign Policy— in order to facilitate a middle ground between the 6 nautical miles Ankara seeks and the 12 nautical miles... in the Aegean to 12 nautical miles whenever it deems appropriate. Ankara has also sent its own message... said that Greece’s right to extend its territorial waters to 12 nautical miles is “inalienable
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Labour Force Survey, Quarterly, Unemployed, 12 months and over
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Greece’s price index falls to second lowest point in 12 years
SocietyCommunications are hugely more expensive while prices for transport services are considerably cheaper than the EU average, according to data on price levels on consumer goods and services released by Eurostat last week. Based on price surveys covering m...
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Manufacturing PMI up to 54.2 in May, completing 12 months of rises
EconomyMacroeconomyThe Greek manufacturing sector’s recovery completed a full year of expansion in May, with Markit’s PMI settling at 54.2, up from the 52.9 in April. Markit notes that the improvement of business conditions in the sector is reflected on the twelfth consec...
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In negative territory for 12 straight months, industrial production drops by 2.4 pct in Sept
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) decreased by 2.4 percent year-on-year (YoY) in September following a revised decrease of 4 percent in August, Hellenic Statistical Authority (ELSTAT) data revealed on Monday. On a YoY basis, the index has remai...
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Inflation boosts food sales by 12 pct in May, supermarkets up by 14.3 pct
EconomyMacroeconomyGreece’s retail sales stayed positive in May, after the first negative reading in March since 2021, with a rise of 7.2 percent, year-on-year (YoY), from 1.7 percent rise in April, Hellenic Statistical Authority (ELSTAT) data showed on Friday. The corres...
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Sale of Alpha, NBG stakes move state's bank divestment forward as realised losses near 12 bln
EconomyBankingThe Greek government is moving ahead swiftly with the execution of its plan to divest from the Greek systemic banks. Since Eurobank bought back a small 1.4 pct stake held by the state, the sale of the stake in Alpha Bank has been completed and the proce...
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