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Greek stocks rebound 2.4 pct, banks edge down for fourth successive week
Economyto 576.12 on Friday, up by 2.4 percent this week. Since the end of July, Greek shares have edged up 0.8... losses were Alpha (-3.4 percent) and Eurobank (-2.7 percent), while Piraeus edged up 0.8 percent... (OTE) released its H1 results that showed a slight drop of 0.6 percent in turnover to 1.88 billion
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Rise in number of Greeks insured in 2015 but average salary edges down
Economyemployment rose by 5.1 percent to 1.32 million making up 71.5 percent of total. Individuals with part-time... percent of total employed at the end of 2015, up from 27.6 percent in 2014. The average employment for full-time employees edged down by 0.7 percent to 23.26 days per month, while the respective drop
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Travel receipts fall 3.5 pct in July, dragging balance down 5.9 pct
EconomyMacroeconomyfell by 4.8 percent to 6.78 billion, while the corresponding payments edged up by 2.9 percent to 1.18... year. The ongoing drop in the year to date revenue figures fully reflects a decline in the average..., arrivals from EU countries rose by 7.2 percent to 8.09 million by July making up two-thirds of total
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Stournaras outlines conditions for strong 2017 growth, calls for debt relief measures soon
EconomyMacroeconomygovernor said that despite the increased number in foreign arrivals, receipts may end up lower this year... negative factor for tourism revenues was also a sharp drop of 35.6 percent in the expenditure of UK.... As a result, travel receipts from the UK made up less than 12 percent of total travel revenues
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Greek 2017 budget reveals size and source of extra tax burden
Agorainterventions will make up around 90 percent of the total incremental revenue collection next year... are expected to reach 26.44 billion in 2017, making up 56.4 percent of tax revenues (from 54.8... in 2014. However, the drop of 296 million euros in direct taxes in 2017 does not reflect lower revenue
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Bank of Greece sees potential for recovery, urges calm in negotiations
EconomyMacroeconomythat are “unlikely to pay” account for 27.5 percent of total, while denounced loans (legal process underway) make up..., which currently make up 44 percent of total restructurings. BoG also said that the NPE coverage ratio... Equity Tier 1 ratio at 17.8 percent in June up from the 16.3 percent recorded in December 2015
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Trade deficit rises by 1.2 pct in November
EconomyMacroeconomyGreece’s trade deficit edged up by 1.2 percent in November, after a double-digit drop of 16.1.... In addition, imports from EU countries edged up by 0.3 percent, while those from non-EU countries increased... percent, while imports edged up 1.2 percent, leading the corresponding trade deficit down 10.8 percent
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Stocks rebound by 0.7 pct for third straight week amid light trading activity
EconomyThe Greek stock market edged up 0.7 percent for the third successive week following the return... turnover picked up to 60 million euros on Wednesday on improved investor sentiment. Overall, the average... Telecom (OTE) reported a drop of 7.8 percent in net profits to 151.9 million in 2016 with turnover
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Wait continues for agreement on measures, tension builds in Athens
PoliticsGreek Politics. It appears that the latest hold-up has been caused by dispute between Athens and the International Monetary Fund over pension cuts and labour reforms. The IMF appeared ready to drop some of its... and Tsipras. Speculation has it that the finance minister is keen to wrap up the agreement and thought
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Athens details fiscal counter-measures, a vital selling point for Tsipras
EconomyProgrammethe contribution be reduced by 50 percent and for higher income up to 1,500 euros the contribution would... in the private sector by 50 percent and up to 500 euros per month. Companies would be obliged to retain... drop to 3 percent (from 5 percent). For the bracket including taxpayers with income between 30,000
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