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Labour reforms, fiscal measures loom largest as Athens resumes talks with lenders
PoliticsGreek Politicsto be implemented from January 1, 2019. Athens is hoping that the volume of measures will be reduced slightly... since) by 1 percent of GDP in one go from 2020. This seems to be the proposal from the lenders... straightforward regarding the other 1 percent of GDP in measures, which will come in the form of a reduction
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Deposit interest rates broadly stable in March, average loan rate down slightly
EconomyMacroeconomyGreek households’ new time deposit rate edged down 1 basis point (bp) to 0.66 percent in March, Bank of Greece (BoG) figures showed on Monday. The headline figure is a new record low since Greece’s... for amounts above 1 million euros rose by 15 bps to 4.04 percent, while for amounts between 250,000 and 1
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Govt tables 2018-21 MTFS containing 4.5 bln in measures, sees growth rising from 1.8 pct this year
EconomyProgrammein employment by 1–1.8 percent each year in 2017-2021 will drive the unemployment rate lower from 23.5... savings of 1 percent of GDP each in 2019 and 2020 respectively and the implementation of counter... years, primary expenditure is seen rising by 1 percent in 2019 and then slowing to 0.5 percent
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Q1 GDP provides a positive surprise with 0.4 pct quarterly growth
EconomyMacroeconomy(YoY) in Q1, after a drop of 1 percent in Q4 2016. The flash estimates had shown that Q1 GDP contracted.... Meanwhile, general government consumption rebounded by 1.3 percent QoQ and 1 percent YoY, taking final... by at least 1 billion euros and range between 14.2-14.5 billion this year. Imports Unlike exports
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Energy efficiency: Legal parameters of a very substantial economic and strategic issue for Greek companies
Legal, the energy efficiency target shall be at least equivalent to achieving new savings each year (from 1...-year period prior to 1 January 2013. Thus, a vast number of companies have been affected... of the energy sold for final consumption and a market share of 1 percent of the energy sold. The energy
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NBG sale of its 75 pct stake in Ethniki Insurance improves capital ratio by more than 100 bps
EconomyBanking) on NBG’s Common Equity Tier 1 (CET1) ratio. The latter stood at 16 percent in the first quarter... with 1,200 employees, 2,128 insurance advisors and 1 million customers, while its pre-tax profits stood... companies will generate approximately 1 billion in premia annually from the Greek insurance market
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Parliament debate yields little, wait for bailout tranche goes on
PoliticsGreek PoliticsPanos Kammenos’s actions in connection with the Noor 1 drug smuggling case were subjects that took... in the probing of the Noor 1 case. Mitsotakis and Tsipras were also involved in a lengthy and heated... by the International Monetary Fund to complete. The Fund wants official confirmation that the 1 percent
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About to soar? Greece's economy still needs to be handled with care
Agoraconsumption remains resilient, up by 0.7 percent in the second quarter and 1 percent in the first... are foreseen to increase by at least 1 billion and range between 14.2-14.5 billion. This pick-up... of the reasons that contributed to the final quarter of year posting a 1 percent decline which had a carry
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IMF still sees fiscal gap in 2018 - no action needed, for now
EconomyProgrammedecade, when the Greek growth estimate eases to 1 percent in 2022. This year’s GDP will be boosted... include the legislated post-programme measures of pension and tax reforms equal to 1 percent of GDP each... claims) will increase at around 1 percent per year. The Greek Finance Ministry expects lower inflows
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Industrial turnover falls by 0.8 pct in Sept, down for first time since Oct 2016
EconomyMacroeconomyby an increase in mining and quarrying by 10.6 percent, along with a fall of 1 percent in manufacturing..., capital goods by 7.2 percent and consumer non-durables by 1 percent. Intermediate goods were up by 9.7... by 1 point.
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