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Houliarakis provides clearest view so far on Athens's debt relief expectations
EconomyProgrammeone year. The basic European Stability Mechanism (ESM) scenario, without any debt relief measures... narrow tax base, will have to be addressed. This is one of the most balanced statements on the debt
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OECD proposes ways to improve competition, estimates positive economic impact at 414 mln
Economy, which currently foresees only one market in Athens, Thessaloniki and Patra, is outdated and should... more flexible to allow for the establishment of more than one economic unit within the same
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Government steps in as NBG row takes new twist
EconomyBankingJust one day after the election of the new chairman at the National Bank of Greece (NBG), which was seen as providing respite in the recent dispute between the NBG top management and the bank’s major... as the new non-executive chairman with twelve BoD members voting in favour of his appointment, while one
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Second review to resume in Athens under severe time pressure
EconomyProgrammeone week and concluded on October 27. The Greek government is hoping that the second round... model that combines flexibility with security, similar to the one in Denmark, which includes
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Eurobank records net profits of 85 mln in Q3, updates on NPE reduction targets
EconomyBankingEurobank posted an improvement in net profits to 85.4 million in the third quarter (Q3) of 2016 from 46.2 million in the previous quarter. Q3 bottom-line results include a one-off gain of 55 million... 2017 with 2-3 large corporate NPLs. According to market sources, another one Greek bank (Piraeus
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Greece, lenders inch forward after talks on settlement of tax and bank debt
EconomyProgrammebe written-off. According to Economy Ministry sources, one or two meetings of the technical delegations may... the imposition of the single property tax (ENFIA) in four areas of the country (three in Attica and one
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Greece and lenders make headway on review but labour reforms remain biggest obstacle
EconomyProgrammeof certain tax credits. The GMI funding for 2018 is one of the pending issues related to the Medium... and other creditors. In case their application is approved by 60 percent of creditors, one of the 2,500
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Greece’s downstream oil industry adapts to shifting demands
EconomyFeaturesissue for a country which has refined petroleum and its products as its number one export product... on average able to receive additional income due to the surplus of emission allowances.” One
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Presidential shuttle diplomacy between Athens and Berlin
Agoragovernment in Athens. For one, that Prime Minister Alexis Tsipras clearly articulates Greece’s ownership... of such a road map must take into consideration that debt relief is not a one-size-fits-all measure
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NBG turns profitable in Q3, NPE stock drops further by 1 billion
EconomyBankingNational Bank of Greece (NBG) turned profitable again in the third quarter (Q3) of 2016 with a positive bottom-line result of 16 million from losses of 3.06 billion in Q2, which fully reflected a one... 6.1 billion in Q2 to 4.5 billion in November and remains at one-third of the other core Greek banks
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