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Greece receives list of milestones for next bailout sub-tranche
EconomyProgrammeof milestones Greece has to implement in the next three weeks for the disbursement of the next sub-tranche of 1... to: 1) Preparation of a plan for the establishment of a new independent secretariat of public... related to primary homes and SMEs will be specified in the context of the first programme review. 7
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Access to finance remains far bigger problem for Greek SMEs compared to euro area peers
EconomyMacroeconomythe lowest and well below the euro area average of 17 percent. On a scale of 1 – 10, Greek SMEs continued to perceive access to finance as a very important problem rating it at almost 7, meaning... that Greek SMEs continued to record a drop in turnover and profits by 20 and around 50 percent
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Second review to resume in Athens under severe time pressure
EconomyProgrammeon November 7 made a specific note of three items in the second review: The 2017 budget, the medium... in the 10-month period, the institutions have identified a fiscal gap of 1 billion, according to reports. Part... (ELSTAT) on October 20. The Greek Fiscal Council recently published its first semi-annual report
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Greece, creditors seek progress at Eurogroup on key differences holding up review
EconomyProgrammepensions that would yield savings of 1 percent of GDP (around 1.8 billion euros) as of 2020. Athens... as of 2019, targeting a widening of the tax base and additional revenues of 1 percent of GDP. Although... April 7 meeting of eurozone finance ministers in Malta. According to Monday’s Eurogroup agenda
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Greek SMEs struggle most for finance versus eurozone peers
EconomyMacroeconomy, it was by far the lowest in the eurozone and well below the average of around 19 percent. On a scale of 1... it at almost 7. This is the highest in the eurozone, above the average of around 4.7. SMEs in Greece also.... The eurozone average was close to 1 percent. In contrast to an improvement in the eurozone, Greek SMEs
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Newsletter 127 - 14/07/2017
developments this week have helped generate momentum for the idea of returning to the markets before July 20... is also worried that the European Central Bank may announce on September 7 the scaling back of its QE... percent. Consumer Price Index up 1 pct May reading represents sixth positive reading after four years
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Newsletter 137 -27/10/2017
” this year. The government has previously suggested that the excess surplus would be around 1 billion euros and would be shared among 1 million households. Reports towards the end of the week... implementing the remaining prior actions. It is estimated that only around 20 of the 95
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Newsletter 166 -15/06/2018
permits), falling by 7 percent compared to the same time last year. Building permits fell by 2.3 percent... percent), Epirus (-20 percent) and central Macedonia (12 percent). For the first three months from... under 1 percent. Compared to the previous quarter, apartment prices fell by 0.3 percent versus a rise
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The race to reduce Greece's bad loans
EconomyBanking, the SSM is expected to put the total of NPLs at around 20 percent of total loans and down to single... and December 2019 through a combination of restructurings, curings, liquidations and collections (-7 billion... and unsecured overdrafts which have not been serviced for around 5 years, coming to a total of 1 billion
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Alpha Bank makes loss of 52.9 mln in Q2, reaching profit of 12.3 mln in H1
EconomyBankingthe 1 billion euro Jupiter portfolio of SME loans secured by real estate and the Mercury portfolio... Targeted Long Term Refinancing Operations (TLTRO-II) programme (+20 million), along with reduced... and spread reduction in Q2 had a negative impact of 7 million euros. Lower interest income from bonds
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