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Newsletter 217 -02/08/2019
representation in this year’s local elections, which in some cases led to mayors and regional governors... draft laws by the end of the year, which is when the performance of his ministers will also... and the agency accepting 1.63 billion. The market confidence in Greek debt since the start of the year
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H1 bank results show performance stabilising, laying ground for further improvement
EconomyBankingof 86.9 million euros, strongly improving on profits of 12.6 million seen last year. Piraeus Bank report net results of 32 million euros in the period compared to a loss of 58 million euros for H1 last year... of the year compared to H1 2018. In total, the bank’s profits in H1 came to 25.7 million euros, down
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Tax cuts spearhead Mitsotakis's message in Thessaloniki
PoliticsGreek Politics, and before the European Parliament elections this year. The New Democracy leader said that pensioners... July 1 next year. Mitsotakis said the aim is to bring them down by 1 percentage point by the end... that this will definitely not happen next year but did not say exactly when it would take place
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Primary cash balance surplus at 2.46 bln in August
EconomyMacroeconomyin the first eight months of the year according to figures released by the Bank of Greece (BoG). The cash balance for the same time last year, excluding the financing of the cash buffer, showed a surplus.... The aggregate figure for the first eight months of the year showed that revenues fell by 698 million
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Mitsotakis eyes Christmas handout, tries to rally support for diaspora vote proposal
PoliticsGreek Politicsfiscal space at the end of the year “to support the weakest” in Greek society. His comments came ahead..., which is one of the government’s legislative goals for the rest of the year. “We will meet... for a fiscal gap this year but that there might be an additional surplus in December instead. “We
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Primary cash balance surplus at 3.94 bln in September
EconomyMacroeconomyin the first nine months of the year according to figures released by the Bank of Greece (BoG). The cash balance for the same time last year, excluding the financing of the cash buffer, showed a surplus.... The aggregate figure for the first nine months of the year showed that revenues fell by 522 million
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Govt proposes property VAT reduction to kickstart home sales
EconomyFeaturesslow. In the first seven months of this year, building permits rose by 4.5 percent. Total permits... quarter (Q2) of the year showed a marked improvement. In particular, the rise in the nominal value of apartments in Greece came to 7.7 percent year-on-year (YoY) in the second quarter (Q2) of 2019 from
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General govt primary cash surplus at 6.25 bln in September, arrears drop by 82 mln
EconomyMacroeconomymonths of the year, up by 1.06 billion euros compared to the same period last year, according... billion euros last year. This was partially offset by declines in the underlying subcategories..., bringing the total figure to 1.16 billion euros. The equivalent figure for the same time last year was 1.81
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Primary cash balance surplus at 5.56 bln in October
EconomyMacroeconomyin the first 10 months of the year, according to figures released by the Bank of Greece (BoG). The cash balance for the same time last year, excluding the financing of the cash buffer, showed a surplus of 4.63... The aggregate figure for the first 10 months of the year showed that revenues fell by 254 million euros
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Piraeus Bank posts net profit of 44 mln in Q3 from continued operations
EconomyBankingcame to a profit of 49 million euros, compared to 19 million in Q2. In the same quarter last year... in Q3 2018 stood at 253 million euros, meaning that year-on-year (YoY) PPI fell by 17 percent. Excluding one-off items, PPI for the same quarter last year was 209 million euros. Net interest income
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