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The agenda of the first programme review shapes up with thorny issues
EconomyProgrammeFollowing the disbursement of the second sub-tranche of 1 billion on December 23, the next challenge, the biggest since the signing of the third programme in the summer, involves the completion..., the government has pledged in the third memorandum of understanding (MoU) for cost savings of around 1
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Deflation drops to 0.2 pct in Dec, at 1.7 pct for 2015
EconomyMacroeconomyand non-alcoholic beverages as well as in housing fell by 1 and 0.9 percent MoM respectively. Greece... and the OECD latest estimates are pointing to an inflation rate between 0.5 and 1 percent in 2016.
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Unpaid social security contributions almost reach 15 bln
Macroeconomyowing less than 15,000 euros each for an aggregate amount close to 1 billion (6.7 percent of total... percent of total). Meanwhile, 995 debtors (0.4 percent of total) owe more than 1 million each for a total
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Cosco's 369 mln Piraeus Port improved bid accepted, seals latest privatisation
EconomyBankingin OLP and 1 position in the BoD. It is reminded that COSCO, one of the largest Chinese state-owned... been effective from October 1, 2009, involved the management of OLP’s Piers II and III
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Unpaid social security contributions hit 15.35 bln at end of 2015
Economy1 billion. From the total overdue contributions of 15.35 billion euros at the end of 2015, 11.31... debtors owe more than 1 million euros each for an aggregate amount of 3.47 billion euros
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First days of talks confirm gap between Greece, lenders on pensions
PoliticsGreek Politicsfor increasing the social security contributions for supplementary pensions by 1.5 percentage points (1 point... million euros to achieve the bailout pledge for pension cost savings of 1 percent of GDP (1.8 billion
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General gov't primary cash surplus more than doubles to 4.14 bln in 2015, arrears ease to 5.4 bln
EconomyMacroeconomyindicated it would repay a portion of arrears with part of the last two sub-tranches of 2 and 1 billion...-tranche (1 billion) and payment to the IMF (1.2 billion). The other debt components were kept stable
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Newsletter 64 - 26/02/2016
Turkey since January 1, compared to 4,500 in the same period last year. have arrived by sea..., Greek banks’ pro-forma Common Equity Tier 1 (CET1) and total capital adequacy ratio reached 18 percent
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Eurobank reports loss in Q4 and for 2015, management expects bank to turn profitable in 2016
EconomyBankingfor cost of risk south of 2 percent in 2016 and below 1 percent in 2017-18. The overall stock... the capital raising in November, the bank’s phased-in Common Equity Tier 1 (CET1) ratio increased to 17
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Loss-making Q4 and 2015 for Alpha, targets positive bottom-line in 2016
EconomyBankingraising in November, the bank’s Common Equity Tier 1 (CET1) ratio reached 16.7 percent, while... targets a return on assets (RoA) ratio above 1 percent, cost to income ratio at 40 percent (from 50
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