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H1 bank results show performance stabilising, laying ground for further improvement
EconomyBankinga fall of 7 percent YoY. The cost-to-income ratio stood at 53 percent on a recurring basis for H1
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Newsletter 218 -06/09/2019
to a fall of 0.8 percent in 2017. Properties in Athens and Thessaloniki recorded YoY price increases
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Tax cuts spearhead Mitsotakis's message in Thessaloniki
PoliticsGreek Politics, who wanted the media spotlight to fall on the measures he announced (or re-emphasised
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VAT gap remains high as non-compliance overtakes revenue rise
EconomyFeaturesalso worsened in Greece between 2016 and 2017 with a fall of 3.7 percent, again representing
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Unemployment drops to 16.9 pct in Q2, hitting eight-year low
EconomyMacroeconomy. The current quarter’s movement was driven largely by a fall in the number of unemployed by around
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Athens submits APS plan aiming to remove up to 30 bln of NPLs from bank balance sheets
EconomyBankinghave to fall to below 10 percent in order for Greek banks to be competitive and in a position
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Newsletter 220 -20/09/2019
in February, Czurda said that the NPE ratio would have to fall to below 10 percent in order for Greek
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New waste strategy dials down recycling targets, promises to address landfill problems
PoliticsGreek Politicsof their waste by 2020, the government accepts that its new targets fall short of the ultimate goal
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Household expenditure edges up again in 2018, still well below pre-crisis level
Society2008 and 2018, with a fall of 58 percent. The smallest decline in spending was noted for food
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General govt primary cash surplus at 4.35 bln in Aug, arrears up by 270 mln
EconomyMacroeconomy-on-year (YoY) decline was noted in social security funds with an annual fall of 637 million euros
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