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Budget primary surplus of 1.19 bln in Jan markedly better than target
EconomyMacroeconomyjust 52 million last year), coupled with a rise in revenues (before tax refunds) and lower primary... by 886 million due to lower primary expenditure (by 438 million) and PIB balance outperformance... million lower than target. As a result, net revenues rose by 4.7 percent to 3.65 million, almost spot
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Programme review talks continue, progress on tax, pensions and NPLs at a premium
EconomyProgramme, with the lower rate of 22 percent to be applied for annual incomes up to 22,000. Until now, this rate... result in higher taxes for taxpayers with annual income between 7,000 and 25,000 euros and a lower tax... tax break. Both the government and the quadriga proposals result in lower tax for those self
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Pension and income tax reform bill sets out 4.4 bln in new measures
EconomyProgrammemillion) and future (43 million) supplementary pensions – 326 million. 3) Lower pensions for new... million. 5) No increase in pensions in 2018 – 187 million. 6) Lower pensions for surviving relatives – 122 million. 7) Lower expenditure for unpaid obligations related to lump-sums pensions – 118 million
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Current account deficit narrows to 822 mln in April
EconomyMacroeconomylanding at 1.38 billion. BoG noted that the improvement in the goods’ balance is fully due to lower net oil bill. At the same time, the decrease in the services’ surplus mostly reflects lower net sea... billion, mainly attributed to improved oil balance stemming from lower oil prices. BoG figures showed
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Current account deficit widens to 412 mln in May
EconomyMacroeconomypercent and total exports 4.5 percent. The decline in the services’ surplus mainly results from lower net... in the goods’ balance largely reflects the improved oil balance, resulting from lower oil prices coupled with lower net payments for purchases of ships mainly due to capital controls. The marked drop
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Newsletter 98 - 02/12/2016
for lower fiscal targets after 2018 might be heeded. “Things might be different” after 2018, said Moscovici. A day earlier, Greek Finance Minister Euclid Tsakalotos challenged the institutions to lower... said, the government would commit to passing on the difference to SMEs in the form of lower taxes
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Jan-Nov budget primary surplus surges to 7.4 bln on solid revenue performance
EconomyMacroeconomyexecution bulletin showed on Thursday. The headline figure is 33 million lower than the preliminary.... This is attributed to revenue outperformance (by 1.28 billion), a notably lower Public Investment Budget... lower than target. Overall, net revenues increased by 8.8 percent to 44.65 billion in the January
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Eurobank posts net profits of 38 mln in Q4 and 230 mln in 2016
EconomyBankingquarter on quarter (QoQ) to 228.9 million in Q4, largely on the back of higher fee income and lower... in Q4, reflecting weaker lending NII almost offset by lower funding cost related to Eurosystem... to lower funding cost. The management noted that Q4 trends are expected to be maintained this year
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Banks saw asset quality and liquidity trends improve in Q4 but process interrupted in 2017
Agorasouth, decreasing by 4.7 billion over this period and mostly driven by lower dependence on ECB funding... since April 2016. It is worth noting that the lower dependence on ECB funding in the last five months... is mainly driven by lower funding costs related to decreasing time deposit cost and the declining
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Eurosystem funding drops by 2.2 bln in May, mostly on further decrease in ELA reliance
EconomyMacroeconomyby 1.4 billion coupled with lower ECB funding by 819 million. Specifically, ELA funding was reduced... to the conclusion of the second programme review. The lower dependence on ELA funding in May was largely... of this decrease attributed to lower ELA funding. Furthermore, Greek banks’ Eurosystem funding has
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