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Greek GDP shrinks 3 pct in Q3, on course to contract by 4 pct in 2013
EconomyMacroeconomyconsumption retreated 8.1 percent in the quarter leading to a 6.6 percent drop in total final consumption expenditure. Another factor affecting GDP was gross capital formation plummeting 12.6 percent... in gross fixed capital formation by 65.9 percent and a dive in final consumption by 22.2 percent
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Indices for turnover, new orders in industry post big falls in November
Economy. Nevertheless, the latter is just a fraction of the total index. From a geographical perspective, turnover... percent respectively), intermediate and capital goods in the middle (down 7.2 and 8.9 percent... percent), followed by capital goods (down 11.2 percent) and intermediated goods (down 9.8 percent
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Greek Q4 GDP down 2.6 pct, shrinks 3.7 pct in 2013 - better than troika estimates
EconomyMacroeconomyleading to a 7.3 percent drop in total final consumption expenditure. Another factor negatively affecting GDP was gross capital formation plummeting 11.6 percent in the nine-month period with a broadly... 22.3 percent compared to 2007, mainly due to a slump in gross fixed capital formation by 64.6
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Unemployment closes 2013 with new high of 27.5 pct in last quarter
EconomyMacroeconomypercent of total employed. 65 percent of those working part time are forced to do so because... stress tests, which revealed capital needs for Greek banks at 6.38 billion. The adverse macroeconomic scenario, showing capital needs at 9.42 billion, incorporated a marginal drop in the headline figure
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Greek recession slowed from revised 7 pct in 2012 to 3.9 pct last year
EconomyMacroeconomyin total final consumption expenditure. There was a significant slowing in the drop in private... fixed capital formation was another factor negatively affecting GDP evolution. It plummeted 12.8... to 2007, mainly due to a slump in gross fixed capital formation by 64.4 percent and a 23.7 percent
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Eurobank records net loss of 207.4 mln in Q1
EconomyBankingof a voluntary retirement scheme and synergies with the two merged banks. The bank targets total cost savings... stood at 2 billion euros at the end of Q1, was eliminated within Q2. Following the capital increase... capital actions of 380 million that have been approved by the Bank of Greece. The equity raising
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Eurostat 2012 figures raise questions about Greece's tax policy
Economy, but the relatively lower labour tax share to total revenues, we conclude that two are the key reasons... for the euroarea countries. Capital taxes account for 21.8 percent of tax revenues in Greece similar... in 2012 with labour taxes’ share increasing by 5.4 percentage points (pps), whilst consumption and capital
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Greece shelves water privatisation plans, leaving gap in revenue targets
Economy50 percent (plus one share) out of the total 74 percent held in EYATH to the Greek State... share in EYDAP share capital was resumed on June 23 at 27.3 percent from 61.3 percent before..., the Greek State will control at least 50 percent of EYATH’s share capital. According to the Medium
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Greece's troika talks begin with apparent deal on 2015 surplus
EconomyProgramme. It is not clear whether it would include the total amount of unpaid obligations or only those... that the settlement of NPLs would be capital neutral for banks, while it would free 20-22 billion of capital
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The arduous road of privatisation in Greece
Agoraon the Athens Stock Exchange through IPOs and subsequent share capital increases over the course of the past 20 years. The total revenue generated during the period 1996-2011 amounted to roughly 13.2... and multiple share capital increases originated from the telecommunications sector, i.e. OTE. Since
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