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Tsipras concludes US trip with focus on geopolitics and investments
PoliticsGreek Politicscreated by the apparent agreement to upgrade Greece’s F-16 fleet for a total cost of 2.4 billion dollars... Tzanakopoulos clarified that Athens would only pay 1.1 billion euros of this total and that the payment would... in the trip with US Commerce Secretary Wilbur Ross and the pair agreed to set up a joint team of US
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Newsletter 136 - 20/10/2017
at a total cost of 2.4 billion dollars. The agreement was announced by Trump after his meeting with Tsipras... the perceived lack of tangible results from the trip. would only pay 1.1 billion euros of this total... Minister Dimitris Papadimitriou met with US Commerce Secretary Wilbur Ross and the pair agreed to set
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Budget primary surplus of 4.54 bln in 9-month below target despite underspend
EconomyMacroeconomy, specifically consumption taxes which increased by 16.8 percent. In total, tax revenues missed their year... of this year’s ENFIA property tax being set for September rather than August as initially planned, combined... billion in the nine-month period, above target by 22 million. In total, a 4.7 percent fall in expenditure
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Clearer picture emerging ahead of stress tests, banks appear confident
EconomyBankingof the programme, is completed the total amount of capital needs will not exceed 10 billion euros... are required to set aside provisions for potential loan losses and not when the losses are actually... of 2.5-3 billion euros, will bring the total figure closer to 9.5 billion euros, which Greek lenders
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Thessaloniki Port Authority contract signed, Hellenikon takes another step
EconomyProgrammeeuros. Overall, the total value of the privatisation is expected to generate 1.1 billion euros... in privatisation revenues in 2018 in order to meet the targets set out in its 2018 budget. The budget also... figures released by the Ministry of FInance, a total of 1.27 billion euros have been generated
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Greek banks complete first round of covered bond issues
EconomyBankingof Piraeus Bank’s 10 billion euro covered bond programme. The yield was set at the 3-month Euribor plus 250... structure and total value of 500-million euros. It carried a fixed interest rate with a 3-year tenor... Bank’s latest issuance brings the total value of covered bonds issued by the four systemic banks
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Greek hourly labour costs less than half of eurozone average
EconomyFeaturesagainst an EU average rise of 2.3 percent. As a percent of the total, non-wage costs make up 25.7 percent of the total labour costs for Greece, slightly above the EU average of 24 percent. Although... for Population and Development, Greece is set to have one of the worst population demographics in Europe
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ECB report highlights sluggish Greek economic growth
Economycreated since mid-2013, offsetting the total number of jobs lost during the crisis.” However, crisis... of total loans in 2014 to 5.2 percent in the fourth quarter of 2017. Meanwhile in Greece, NPLs remain exorbitantly high at almost 50 percent of overall loans. For the latest complete data set as at 2016
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Newsletter 160 -04/05/2018
of the next regional and municipal vote has not yet been set and the two choices open to the government... lift it above the poverty threshold. 2 Deposits grow by 1.14 bln in March Total deposit include... of 1.35 billion. Savings increased by 349 million in the first three months of the year. Total
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Newsletter 172 -27/07/2018
in the response effort acted correctly and that the loss of life was caused by the rare set... last year. Receipts were driven by an increase of 23.6 percent in foreign arrivals, coming to a total... and wealth, along with a smaller rise in social contributions. The figures showed that employees’ total
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