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Amid hiring controversy, ND focusses on new round of tax cuts in latest bill
PoliticsGreek Politics, but in the one submitted to Parliament, this was chopped down to 6,400 euros, marking a significant step back... his credentials were widely questioned. The controversy hardly tied down, though, as the pensioner
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PPC posts net loss of 353.2 mln in 9M as energy mix charges hit
EconomyCorporates15 percent to 10 percent as of April, and down to 5 percent as of September. Specifically, PPC’s... 82.3 percent last year. EBITDA came to 96.9 million from 359.2 million, down by 73 percent YoY
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Mistaking tolerance for a free rein
Agora. This is also evident in the issues that Greeks believe are dragging the country down. The top four... on the course, Diamataris put the discrepancy down to a mistake in the wording of what was written
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Overall loan interest drops to 4.32 pct in October
EconomyMacroeconomyThe overall weighted average interest rate on all new loans to households and non-financial corporations came to 4.32 percent in October, down by 27 basis points (bps) from the rate of 4.59 noted... the previous month. The spread between existing loan and deposit rates edged down to 3.80 percentage
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Mitsotakis pledges more tax cuts in 2020 amid police violence claims
PoliticsGreek Politicsto bring down the property tax, it should be noted that the government is also committed to adjusting... and to double down on the message that it has been consistently trying to get out to voters since
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Unemployment drops to 16.4 pct in Q3
EconomyMacroeconomy). The unemployment rate for males came to 13 percent, down by 7 pps since Q2 while the rate for females stood at 20.5 percent, down by 0.4 pps. The breakdown by age revealed that the jobless rate fell in all
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November travel receipts drop by 42.9 pct on lower French receipts
EconomyMacroeconomy. Receipts came to 313.8 million euros, edging down by 0.8 percent year-on-year (YoY). Travel payments... down by 0.1 percent to 2.94 billion. Revenues from French visitors were up by 14.7 percent to 1.09
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Fitch raises Greece to 'BB,' two notches from investment grade, sees growth at 2.5 pct in 2020
Economyreal growth slowing down to 1.2 percent by 2027, compared to the European Commission’s estimate range... to bring the ration down to single digits is sensitive to the operating environment and the appetite
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Banks gear up for 2020 stress tests as evaluation begins
EconomyBankingis expected to continue, but will significantly slow down over the coming years, from a rise of 7.4 percent..., after a series of sales of bad loans that have pushed down the NPE ratio, domestic lenders have
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Greek banks eye positive market appetite for bad loan sales
EconomyBankingthe total from the current 24 billion down to 8 billion by the end of 2022. The NPE ratio is expected to go down from 49 percent at the end of 2019, to 29 percent this year and 8 percent by 2022
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