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Newsletter 375 - 24/03/2023
a first vote using proportional representation, ND would have 115, SYRIZA 100, PASOK 35, KKE 25... and the signals on the budget front are encouraging throughout last year and a solid start in 2023, largely... privatisation receipts are expected at 2 billion euros, and 2.2 billion euros of cash reserves will also
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Greece extends debt prepayment strategy with first repayment of EFSF loans
EconomyMacroeconomyand 2.2 billion of a bond held by Greek banks that matures next year. The EFSF amount covers... held by the private sector amount to just over €100 billion, with most maturities falling between... to fund Greece without hesitation. The caveat in this picture is that the budget relies heavily
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Government and opposition clash over NATO summit outcomes
PoliticsGreek Politics, Mitsotakis avoided any comment on Trump's apparent push to lift the Turkish embargo. SYRIZA also questioned the cost of Greece's NATO-topping defence spending as a share of GDP, asking what other budget
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Opposition parties continue to pursue wiretap claims, as surveillance bill passes first hurdle
PoliticsGreek Politicsthe intelligence service EYP to the operation of the Predator spyware via a government contractor... from invoices and bank statements pertaining to the activities of EYP contractor Krikel, which..., transactions totalling 5.3 million euros linked to the government contractor appear to have escaped
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Greece drops to 72 in Doing Business index as long-term problems persist
EconomyFeaturesthe first available data for Greece in 2004, when Greece scored 57.5 out of 100, where 100 represents... permits In this category, Greece scored 39 out of 190 economies. The score came to 69.9 out of 100..., with the highest score out of 100 being 61.2 in 2015, and the lowest 37.5 in 2005. The current score
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Newsletter 224 -18/10/2019
Draft budget details agreed Athens submits 2020 plan to Brussels as IMF sees lower growth, primary... an agreement with the European institutions over next year’s draft budget, settling differences over...-September budget execution figures showed that there was a strong fiscal outperformance
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Govt tables 2018-21 MTFS containing 4.5 bln in measures, sees growth rising from 1.8 pct this year
EconomyProgrammepercent, lower than the recent IMF and European Commission (EC) forecasts of 2.2 and 2.1 percent... seen up by 2.6 percent but slowing thereafter to 2.3 percent in 2020 and to 2.2 percent in 2021... in energy infrastructure (100 million) and in the agricultural sector (100 million), while another 100
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Greek banks' equity raising could keep official support to a minimum
Economy. Bondholders have the option to agree to a share exchange at 100 percent of nominal value for the senior... and 78 million to Tier 1 securities. Bondholders are offered the option for a share exchange at 100... 8.65 percent and Mackenzie 5.84 percent. The bank will also proceed with a reverse split (1:100). NBG
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Newsletter 233 - 20/12/2019
ND intent on sticking with formula Govt pledges more tax cuts and strike legislation as 2020 budget is adopted The 2020 budget was approved by Parliament on Wednesday, marking a brief pause... the impact on public transport from strikes and work stoppages by employees. Although the budget only
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Great Expectations: Is Greece 2.0 hitting the target?
EconomyFeaturesexpects to receive a boost from Greece 2.0 to the tune of 1.9 percent according to its budget report... silently revised downwards from the 2023 budget, where 3.6 billion euros of grants were included in the original assumptions, to the 2024 budget report, where it was estimated that a little less than
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