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Some progress made as Greek programme review heads for break
EconomyProgrammescale are estimated at around 1 billion euros, while an increase in the solidarity levy rates is also considered, which could fetch another 1 billion in tax revenues. Another tax issue relates... also discussed measures yielding at least 1 percent of GDP for achieving the primary surplus target
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Government tables amendments with aim of securing bailout tranche within days
EconomyProgrammewill apply as of June 1 instead of January 1. This means that there is no issue any more... savings are legislated until September 30, 2016 and implemented as of January 1, 2017. The multi-bill
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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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Minor changes in Greek deposit and lending interest rates in May
EconomyMacroeconomymixed trends with that for amounts between 250,000 and 1 million euros slipping by 6 bps to 5.17... by 1 bp to 4.84 percent. The minor changes in the average deposit and lending rates led the average spread of the Greek banking market edging up by 1 bp to 4.41 percent in May.
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Newsletter 92 - 14/10/2016
by the Hellenic Statistical Authority (ELSTAT) on Monday showing that the Consumer Price Index (CPI) fell by 1... the previous month in August after decreasing by 1 percent in July. Overall, despite the modest decline... in electricity production. Consumer price index falls Greece’s Consumer Price Index (CPI) dropped by 1
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CPI drops at a slower pace of 0.5 pct in October
EconomyMacroeconomya drop of 1 percent in September, according to data published by the Hellenic Statistical Authority... to a fall in the goods’ index by 1 percent, while the services index edged up 0.2 percent. Meanwhile... reflecting an increase in housing and transport prices by 2.4 and 1 percent respectively, while all
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Apartment prices fall by 1.5 pct in Q3 for slowest drop since 2009
EconomyMacroeconomythat prices in new apartments (up to 5 years old) dropped at a sharper pace of 1 percent quarter on quarter (QoQ) and 2.2 percent year on year (YoY) vis-à-vis the decline of 0.4 percent QoQ and 1 percent... percent in 2016 and by another 1 percent in 2017.
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Report shows Greek tax burden increased in 2015, remaining above OECD average
EconomyMacroeconomyincreased further by 1 percentage point (pp) to 36.8 percent of GDP in 2015 and remained above..., higher growth rates compared to the Greek ratio increase of 1 pp were recorded by Mexico (2.3 pp) and Turkey (1 pp). It is worth noting though that excluding social security contributions, the Greek
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Bank of Greece reveals lenders' NPE challenge and sets out path to recovery
EconomyMacroeconomyand shipping just 1 percent. In addition, the consumer and housing loan portfolios will contribute..., 1 percent better than the target of 106.9 billion, while the respective ratio stood at 51 percent... billion, while the respective ratio of 38 percent was 1 pp above target of 37 percent.
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Capital controls trigger big rise in card use and VAT revenues, Bank of Greece data shows
EconomyMacroeconomy2016, while the effective rate is estimated to have increased by 1 percentage point due... in the share of private consumption expenditure via plastic money by 1 percentage point results in an increase in VAT revenues by 1 percent in the first year and up to 6 percent over the long-term. Moreover
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