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When will Greek banks operate as credit institutions again?
Agorais happening at an uninterrupted pace for more than two years now. Put otherwise, since the beginning of 2011... the past three years. According to the Central Bank of Greece unit labor costs have declined by more than... on a sustainable increase of its depositor base. Recovering the loss of more than 30 per cent of customers
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Newfound variety helps Greek winemakers enjoy exports boost
Society. In 2012, exports reached more than 26,000 tons with a value of almost 40 million euros, making... importers of Greek goods overall, accounts for more than 40 percent of Greek strawberry exports... million euros in 2008 to 66.2 million euros last year. This improvement has been based on much more than
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Building activity continues to crumble, falling by 20.7 pct in Feb
EconomyMacroeconomypercent respectively, more than 10 percentage points greater than the country average. Building activity... declined by 24.2 percent, which was slightly lower than the country average. Attica’s share of total... that is three times higher than the GDP contraction over the same period. The evolution of housing loans
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Long-term jobless rate of 71 pct poses new set of social challenges for Greece
Society-term unemployed, which is those who have been out of work for more than 12 months. Long-term... of Greeks without a job for more than a year ranged between 48 and 55 percent since Greece joined the euro... than a year. This represents over 71 percent of all those without work. Extensive research has
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GSEE report stresses risks on employment and the pension system, outlines burden on wages
Societyfirms are setting their prices following those of the competition rather than adjusting them... in Greece reached 21,930 euros, lower than that in Slovenia (24,472) and Cyprus (22,740... wages correspond to two thirds of the average of the 15 most advanced EU countries, stand lower than
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Greece sets out plans for settling SME NPLs; mortgages to come
Economyto small businesses (SMEs) and sole proprietors with annual turnovers of less than 2.5 million euros... from the new legislation, which could help them retain more than 350,000 jobs. Very small and small... of total bank claims against the firm. If this is less than 50 percent, than the amount of bank
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Greek primary cash surplus up to 3.1 bln in September but state arrears also rise
EconomyMacroeconomybillion) making up more than half of total, followed by extrabudgetary funds (1.15 billion). The state budget in particular, shows a material improvement by more than 3 billion YoY and 500 million month... mechanisms for 2013 in the larger healthcare provider (EOPYY) rather than a drastic cut in the creation
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Greek loan rates remained well above euro area average in October
EconomyMacroeconomya sharper decrease by more than 200 bps. The deviation between the YtD decline of time deposit rates... easing by more than 3 percentage points. Despite the sharp drop, the Greek time deposit rate still remains well above the 1.12 percent average rate in the eurozone and more than 60 bps higher than
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Piraeus Bank seals milestone deal with KKR over 1.2 bln of non-core assets
EconomyBankingpercent in Q3 2014. Its Greek NPL ratio reached 39.4 percent in Q3 more than 5 percentage points (pp) higher than the market ratio of 34.1 percent in Q2, according to BoG. Non-performing loans... of business loans and accounting for more than 70 percent of the total NPLs. Piraeus surprised
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Greek budget primary surplus at 3.57 bln by end of November, beating target by 691 mln
EconomyMacroeconomy, according to the Finance Ministry (MoF) final budget bulletin. This is 33 million euros higher than... better than target. The budget over-performance so far is primarily attributed to lower expenditure... million) more than offsetting the ongoing net revenue shortfall (by 918 million). The breakdown of budget
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