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Review talks focus on out-of-court workout, jobs scheme and energy market
EconomyProgrammesubsidiaries, which are expected to be established by June. PwC has been appointed as an advisor... of that programme relates to its funding, which was not discussed at Thursday’s meeting. Government sources noted after February 20 Eurogroup that the programme’s funding was estimated at around 3 billion euros
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Deposits up again in December but credit contraction continues apace
EconomyMacroeconomy, while a recent PwC study showed it could peak to 40 percent in 2014. If confirmed, this would result... the recorded deposit inflows in December, Greek banks’ Eurosystem funding (the combined liquidity... funding purposes). Credit contraction At the same time, the year on year (yoy) credit contraction
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Greece’s M&A market stagnates during recession
EconomyFeaturesactivity, in Greece, a sharp decline has been recorded. A January 2016 survey by PWC showed that M&A... Europe differed to that of the PWC report, in that it cited 28 M&A’s in Greece for 2015 versus the 29 deals cited by PWC, and that the estimated transaction value improving by 33 percent in dollar
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Athens prepares new primary residences proposal after finding common ground with banks
EconomyProgrammeThe Greek government and local banks are reportedly making progress in their discussions about how to replace the Katseli law, which expires at the end of the month, with a new framework for protecting primary residences from foreclosure. The two sides ...
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Credit contraction decelerates to 0.9 pct in April, net additions climb to 659 mln
EconomyMacroeconomy. The positive flow in April is almost entirely attributed to corporate sector net additions of 763... positive for the third successive month, with net additions climbing to 763 million in April
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Newsletter 269 -16/10/2020
shows deficit of 7.01 bln September figures show decline in revenues On a monthly basis, net revenues... primary balance recorded a deficit of 7.01 billion euros in the first nine months of 2020, compared
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Newsletter 271 -30/10/2020
at 7.01 bln September figure confirmed as missing target by 9.58 billion euros The budget primary balance recorded a deficit of 7.01 billion euros in the first nine months of 2020, compared to a surplus
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Special tax structure would benefit hotels and jobs, bank argues
EconomyFeatureson investing in the Greek hotel industry, PricewaterhouseCoopers (PwC) noted that the rapid growth..., with the industry expected to be worth 14 billion by 2020. PwC also outlined the various taxes which an investor
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Greek housing market at new juncture as Covid-19 shakes foundations
EconomyFeaturesownership (property taxes rose six-fold between 2010 and 2015 according to a report by PwC), which drove... looking at the long-term drivers of the Greek property market, PwC estimated that even in an optimistic
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Govt ratchets up coronavirus measures, while planning further support for economy
PoliticsGreek Politicsbeaches and ski resorts, while local authorities have been closing parks where outdoor gatherings
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