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Central government debt down to 356.55 bln in Q2, average maturity tops 20 yrs
EconomyMacroeconomylargely reflects a QoQ drop in foreign and domestic bonds of 2.30 billion, along with falls.... A breakdown of the composition of new borrowing for the first half of 2019 showed that T-bills made up... (ANFAs). T-Bills came to 15.25 billion and made up 4.3 percent of the total. Repos increased
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Govt proposes property VAT reduction to kickstart home sales
EconomyFeaturescrisis, leading to a sharp drop in permits issued. The market began to pick up in 2018, but remains... the numbers for 2018 picked up, they were still around 85 percent lower than that for 2005... While construction begins to improve, property prices are also starting to pick up after losing value
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Newsletter 227 -08/11/2019
challenge facing Greece. The tax bill picks up where the first round of legislation tabled... performance in comparison is still poor as “anger” or “disappointment” sum up the sentiments of 67.3... to 6.25 billion euros in the first nine months of the year, up by 1.06 billion euros compared
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Central government debt down to 353.85 bln in Q3, average maturity stable at 21 years
EconomyMacroeconomylargely reflects a QoQ drop in foreign and domestic bonds of 1.25 billion, along with falls in repos... of new borrowing for the first nine months of 2019 showed that T-bills made up 57.2 percent of all...-Bills came to 15.23 billion and made up 4.3 percent of the total. Repos increased to 21.07 billion
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Newsletter 229 -22/11/2019
banks and the waiver of the step-up interest margin on loans by the EFSF for the period of mid-June... will push the economy up by 2.3 percent in the EC’s view, which is under the 2.8 percent forecast... fiscal targets of 3.5 percent of GDP up to 2022 and averaging 2.2 percent after that. It also envisages
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General govt primary cash surplus at 8.84 bln in November, arrears fall by 195 mln
EconomyMacroeconomyeleven months of the year, up by 1.18 billion euros compared to the same period last year, according... subcategories. The biggest decrease came from hospitals with a drop of 93 million euros...) and extrabudgetary funds (-9 million). At 34.6 percent of the total, tax refunds make up
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Greek banks eye positive market appetite for bad loan sales
EconomyBanking. In parallel, Greece’s banks geared up for further action on reducing their non-performing exposures... movement for the year, the bank anticipates inflows up to 2022 of around 350 million euros per... 44 percent in 2019. Hercules offers up to 12 billion in state guarantees for the senior tranches
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Tourism numbers continue to worsen as worries grow over second Covid-19 wave
EconomyFeaturessummer in terms of revenue, as cautious tourists stay away. According to an index set up by the Hellenic... runs up to May 2020, showed that revenues in these sectors saw a collapse of up to 61 percent... hold, the bank said. According to the bulletin, the biggest drop in revenue was observed
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Concern over ICU capacity, support for business generate pressure for ND
PoliticsGreek Politicsa record 2,166 new coronavirus cases on Tuesday, while the number of intubated patients went up to 169... developments for the government is the rapid rate at which ICU beds are being taken up. According... for Covid-19 patients in Athens at the moment. Of those, 99 have already been taken up. In Thessaloniki
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Alarming Covid-19 numbers fuel opposition's criticism of ND's approach
PoliticsGreek Politicsand that there seems to be no let up in the new cases being detected. On Sunday, 11.8 percent of Covid-19 tests... for the government is the rate at which ICU beds are being taken up, forcing officials to consider... not expect the Covid-19 numbers to drop at least for another week despite the national lockdown
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