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Bank credit contracts by 1.6 pct in Oct on loan deductions of 308 mln
EconomyMacroeconomyThe rate of credit contraction in the Greek market slowed slightly to 1.6 percent in October from..., which have dragged the balance down by more than 23 percent over this period. The biggest rate... by the end of 2019, while non-performing loans (NPLs) are seen dropping at a higher rate close
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Bank of Greece sees potential for recovery, urges calm in negotiations
EconomyMacroeconomyand improving economic prospects. BoG also forecasts that the unemployment rate will fall by 1.5.... In addition, the cure rate remained at low levels (at 2.6 percent) but above the default rate
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Credit contraction slows again in Nov, falling to 1.3 pct on additions of 62 mln
EconomyMacroeconomyThe rate of credit contraction in the Greek market decelerated to 1.3 percent in November from 1.6... is the lowest contraction rate since July 2011. The monthly flow turned positive for the first time... balance down by more than 23 percent over this period. The biggest rate of decline over this period has
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Trade after Brexit: How Greece and the EU will be affected
Agoraof exports during 1999-2015, while 23rd place in compound annual growth rate of exports going... than importing from it. A harder access to the UK market and a stronger EUR vs. GBP rate might... than 134 billion pounds. For that group of countries a weaker GBP vs EUR rate might increase import
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Decisive week for Greek programme begins with proposal from Athens
EconomyProgrammean EFSF/ESM bond exchange, interest rate swaps and matched funding. There has also been movement... and increase in the medium VAT rate. The tax-free threshold currently ranges between 8,636 euros for a single person up to 9,545 euros for a family with at least three children, while the medium VAT rate
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IMF sees much scope for reform progress, particularly on tax in Article IV report
EconomyProgrammeaverage, it could create space to reduce the corporate income tax rate by 10 percentage points, the personal income tax rate to 15-20 percent and the top VAT rate of 24 percent by 1 percentage point
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Waste management remains Greece's biggest environmental challenge, says EU
SocietyAlong with Cyprus, Greece recycled just short than a fifth of municipal rate in 2014, jointly the third lowest rate in the EU and less than half the EU average, a new environmental implementation... the lower taxation rate on diesel compared to petrol. “The increase could account for 1.12 billion
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Special ELSTAT report reveals dramatic changes in labour market since 1980s
EconomyMacroeconomyby 712,300 to a 1.2 million in 2015. Before the recent crisis, the unemployment rate had peaked.... During the current crisis, the jobless rate more than tripled. It peaked at 27.5 percent in 2013... in the employment rate in the 2009–2015 period stood at -9 percent, with that for men (-13 percent) much higher
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Institutions back in Athens to resume review, agree new measures
EconomyProgrammerate by 10 percentage points, the personal income tax rate to 15-20 percent and the top VAT rate
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PMI rebounds to 47.7 in Feb but shows deterioration for sixth straight month
EconomyMacroeconomynew orders also declined month on month. However, the rate of contraction was slower than.... The rate of decline compared to the previous month was a little softer. Meanwhile, Greek... lead times continued lengthening in February, but the rate of deterioration in vendor performance
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