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Revenue uptick unable to stop 7-mth primary surplus outperformance falling to 724 mln
EconomyMacroeconomyunderperformance in July revenues, which primarily stemmed from: 1) No receipt of SMP and ANF income... 1 percent to 4.34 billion, marginally above target of 4.32 billion. Tax refunds dropped by 22.8...-tranche of 13 billion disbursed on August 20 - would be used for the payment of state arrears
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Tsipras tries to use Brussels warning to his political advantage
PoliticsGreek Politics,” he said. “Mr Mitsotakis insists on talking about the need to adopt a 1:5 hiring rule, while we have managed to secure a 1:1 ratio,” he said. Tsipras concluded with a warning that Greece has not necessarily put behind it “the dark days of tough policies” and that only the result of the July 7
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Newsletter 257 -07/07/2020
1 percent of the 20 million euros spent across print, internet and TV went to opposition-friendly..., the Finance Ministry now estimates the deficit at 7 pct of GDP, or close to 15 billion euros, which..., Greece’s employment growth is set to fall by 3.5 percent this year and by 1 percent next year. Under
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Newsletter 328 - 18/02/2022
Democracy leader also trailed a generous rise to the minimum wage from May 1, although he did not speculate... the 2 percent increase adopted on January 1. On the pandemic, the PM said he expects that the situation... by 8.4 pct. Even pasta products recorded a rise of over 7 pct. According to the latest living
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Newsletter 371 - 24/02/2023
has risen by 1 percentage point to 25.1 pct. Third-placed PASOK has largely paid the price for this apparent rallying of the vote as its support dipped by almost 1 point to 9.8 pct. The undecided voters... back-to-back record years. In 2015, FDI was just above 1 billion euros. PwC presented its annual
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The targets and deadlines in Greece's privatisation programme
EconomyProgrammeinvolve: 1) Regional airports divided into two clusters of 7 airports each. The tender was awarded... bidder. d) Conclude around 20 selected pending actions – not specified – that have been identified... ratification by February 2016. 7) OLTH, the second largest Port Authority. Similarly to OLP, the tender
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The story behind Attica Bank, the non-systemic lender thrust into the spotlight
EconomyBankingthat capital increase, the bank’s phased-in Common Equity Tier 1 (CET1) ratio reached 17.64 percent... on July 26 that 7 of the 15 Board of Directors (BoD) members resigned. This included the CEO and six non... by TAPILTAT, and the new date for the EGM was set on September 20. It in worth noting that the bank
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Slow progress on fiscal, impasse on labour keep review deal on hold
PoliticsGreek Politicsagreement ahead of the April 7 Eurogroup rather than the one on March 20. Finance Ministry sources told... than the reduction of the tax-free threshold, each of which are currently slated to yield 1 percent... on April 7 and the uncertainty would be prolonged. The poor Q4 2016 GDP data, the recent deposit
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A year of risk and reward for Greece
Agoraof this helps address the key issues. For instance, the IMF sees the Greek economy growing by no more than 1... rate still stands above 20 percent. In order for Greece to have a better growth trajectory... of a trial in civil courts is estimated at 5–7 years, while in administrative courts it stands
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Piraeus Bank posts net profit of 24 mln in Q2, ELA funding fully eliminated
EconomyBanking, relates to secured shipping loans. Piraeus Bank expects to reduce the NPE balance to under 20 billion... last year, up by 7 percent. In H1, recurring operating expenses showed a decline of 4 percent... been budgeted for 2018. Gross loans further contracted by 7 percent QoQ to 53.75 billion in Q2
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