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Newsletter 72 - 06/05/2016
will leave the remaining 1 percent of GDP in measures, mostly increases to indirect taxes, to be approved... throughout that year will stem from pension reform (1 percent), personal income tax reform (1... lending fell sharply in March, with rates for amounts of over 1 million euros dropping by 90 basis
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Greek banks on cusp of improved liquidity conditions
Agorawould no longer be eligible as collateral for ECB funding from March 1, 2015. This means..., for each 1 billion euros of deposits that is returned to the banking system, Greek banks can redeem an equivalent amount of pillar bonds with a nominal value of 1.8 billion. Assuming that this 1
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Draft budget sees primary surplus at 1.8 pct of GDP in 2017, revenue interventions of 2.5 bln
EconomyMacroeconomythe anticipated import rise of 3.3 percent. The unemployment rate is projected to slip by more than 1 percentage... by 0.6 percent in 2017. It is worth noting that nominal GDP is seen at 176.2 billion euros in 2016, 1... revenues. The most significant revenue interventions in 2017 involve: 1) Income tax reform (772 million) 2
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Broadly stable rate in time deposits, corporate loan rates fall in Aug
EconomyMacroeconomyGreek households’ new time deposit rate edged up by 1 basis point (bp) to 0.87 percent in August.... Lower decreases of 19 and 4 bps were recorded for amounts higher than 1 million euros and between 250,000 and 1 million euros respectively. As a result, corporate loan rates in Greece remained around 300
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Newsletter 97 - 25/11/2016
percent to reach 2.23 billion, while the travel surplus edged up 1 percent to 2.04 billion. The rise... 16 million. The bank recorded a negative NPE formation for the second successive quarter, of 1... (NPL) and NPE stock by almost 40 and 50 percent, respectively. Net interest income (NII) edged up by 1
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Athens grapples with awkward reduction of tax-free threshold
EconomyProgrammelegislated last May an income tax reform yielding 1 percent of GDP by 2018. This included an increase... of 7,723 euros), Greece could achieve 1 billion euros in savings that could sustainably finance... euros. The incremental revenues are seen at 1.8-2 billion euros (around 1 percent of GDP
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Newsletter 114 - 07/04/2017
involves Athens adopting 1 percent of GDP (roughly 1.8 billion euros) in new measures in 2019 and another 1 percent of GDP in 2020. The first set will be mostly made up of cuts to pension spending.... Manufacturing PMI dropped by 1 point to 46.7 in March, almost offsetting the increase of 1.1
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IMF sets out why it stands apart from eurozone on long-term growth prospects
EconomyProgrammefor growth, which the IMF does not see exceeding 1 percent over the next half-century even if structural..., which implies an annual reduction of Greece’s labour force just short of 1 percent (0.9 percent) each... the -0.5 starting point and achieve even the modest 1 percent growth that the IMF estimates
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China's Footprint in Southeast Europe: Constructing the "Balkan Silk Road"
Agoraplayers with different, at times conflicting agendas. The 16+1 cooperation format enables countries... would undoubtedly benefit more if they are operated on the basis of two-way traffic. [1] Countries... project is first and foremost about trade expansion. The existing 16+1 format focuses on the willingness
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CPI grows by 0.7 pct in October, positive for 10 successive months
EconomyMacroeconomythe 1 percent rise of September, Hellenic Statistical Authority (ELSTAT) data showed on Thursday... index of consumer prices (HICP) eased to a rise of 0.5 percent in October compared to a 1 percent rise... rose by 0.1 percent in October, driven mostly by rises in the price of clothing and footwear (+1
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