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Banks saw asset quality and liquidity trends improve in Q4 but process interrupted in 2017
Agorain Q4, which climbed to -1 billion euros in Q4 from -90 to -100 million in the previous two quarters.... Capital Greek banks remained adequately capitalised with the Common Equity Tier 1 (CET1) ratio close... at the end of 2016. Around 20 billion (70 percent of total) relates to deferred tax assets (DTA). Taking
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Greece sees highest tax wedge increase among OECD countries in 2016
EconomyThe tax wedge in Greece remained above the OECD average in 2016, when it increased by more than 1... the denominator is the total labour costs comprised of gross wages and employer contributions... by 1.1 pp until 2016, while the respective OECD average has dropped by 1 pp over this period
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Budget primary surplus of 1.1 billion slightly outperforms target by 77 million in Q1
EconomyMacroeconomyof 1.07 billion in March following a surplus of more than 1 billion recorded in each of the previous two... higher than target. It is pointed out that primary expenditure notably rose by more than 1 billion from... payments eased 0.9 percent to 2.43 billion in Q1, 34 million higher than target. Overall, total
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Stocks up by 4.7 pct, rising for third straight week
EconomyDevelopment (-1 percent). The trading volumes remained at high levels for the second week in a row...) announced that its BoD chairman Dimitris Koutsolioutsos sold 1.15 million shares (172 percent of total... date is on May 17. Mytilineos and METKA said they will hold their AGMs on June 1 to approve
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ESM approves next bailout tranche, providing Athens with some relief
PoliticsGreek Politicsof the total 8.5 billion in a disbursement that will probably be made on Monday, according to the ESM's... that the second payment would "be made after 1 September 2017 subject to Greece making significant... Panos Kammenos’s intervention in the Noor 1 drug smuggling case and comments made by Finance Ministry
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Unemployment falls to 21.2 pct in June, lowest since Dec 2011
EconomyMacroeconomyto May, to total 1 million in June. The labour force rose slightly to 4.8 million in June... at 961,000, going below the 1 million mark for the first time since October 2011. Those employed rose
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Draft budget sees stronger growth, fiscal targets being met
EconomyMacroeconomyfrom the Medium Term Fiscal Strategy (MTFS), led by 1.1 percent growth in private consumption and a 1... to the labour force survey is projected to ease by more than 1 percentage point per annum and land.... On arrears, the draft budget a total of 3.5 billion euros from programme financing in 2016 was transferred
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Office prices slip by 0.7 percent in first half of 2017
EconomyMacroeconomy, the index remained flat while for the rest of Greece, it rose by 1 percent. The total index fell... and by 1 percent in the rest of Greece. For the 2016, the retail space rent index decreased by 1.8 percent
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Turnover in tourism sector up 13.9 pct in Q3, positive for fifth consecutive quarter
EconomyMacroeconomywithin the EU increased by 1 percent to 1.01 billion. Receipts from Russia increased at the strongest... percent in the year to date until September, bringing the total number of visitors to 16.2 million... to 26 million in 2017. Furthermore, travel receipts are foreseen to increase by at least 1 billion
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Athens facing final steps in third review as next milestones identified
EconomyProgrammethat there are a total of seven prior actions that need to be completed by Monday, which included the payment..., with another 1 billion to follow subject to e-auctions and the reduction of arrears progressing. During his... the introduction of e-auctions for debts to the state from May 1, the divestment of lignite units followed
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