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Greek jobless rate eases for fourth straight month but still at 26.7 pct
Economy. After peaking at 7 percentage points in 2012, the gap dropped to the historic average of 6 pp in 2013... the lowest unemployment rate, which is slightly above 20 percent followed by Crete at 23.5 percent... Greek unemployment easing by 1 percentage point this year to 26.3 percent and by 2 percentage
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Alpha Bank nine-month profits at 110.3 mln, NPL ratio at 33.6 pct
EconomyBankingand deposit spread of 446 and 7 basis points (bps) respectively. Loan spread evolution in Greece showed a 20 bps reduction in Small Business Loans (SBL), which the management expects to remain under... EFSF bonds. The Basel III Common Equity Tier 1 (CET1) ratio eased to 15.9 percent in Q3 from 16.3
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Tourist arrivals up 23.5 pct in October as 2014 overall target rises to 23 mln
Economyarrivals to 20.5 million, implying an increase of 1 million from its previous forecast of 19.5... in 2014, which corresponds to a rise of 15 percent on last year’s figure of 20 million. Apart from... percent, while those in Crete rose 7 percent. However, although volumes are performing above expectations
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How does ECB's decision on Greek banks' T-Bill exposure affect state liquidity?
Economyof 6-month T-Bills mature on April 14 and 1 billion of 3-month T-Bills on April 17. Due to the bank holidays... the first issue on April 7 and the second on April 15. Rollovers The rollover of the 6-month T-Bills... have been used to pay the last March payment of 340 million to the IMF (due on March 20
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Greece drafts reform multi-bill as talks catalyst but fiscal gap lingers
EconomyProgrammethrough the following measures: 1) An extraordinary levy either by increasing the current solidarity levy.... 2) Increase in luxury tax in cars, pools and yachts with estimated revenues of 20 million euros. 3... than 600 million euros. 7) Combating illegal trade on oil, tobacco and alcohol, with projected
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Greek SMEs face biggest obstacles to finance in euro area, ECB finds
EconomyMacroeconomyremained by far the lowest. On a scale of 1 – 10, Greek SMEs rated importance of access to finance at approximately 7, which is the highest in the euroarea and above the average of 5. Greek SMEs also... of loan application rejections at 39 percent, while Italy and the Netherlands followed with around 20
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Agreement on third bailout with revised fiscal and macro targets, host of prior actions
EconomyProgramme: 1) Gradual elimination of grandfathering to statutory retirement age and early retirement pathways... 2018. 7) Deregulation of professions such as engineers and notaries 8) Approval... Mechanism to release funding before August 20, when Greece has to meet the maturity of a 3.2-billion-euro
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Greek government commits to new fiscal measures for third bailout
EconomyMacroeconomyfor 2016-19. Among others, the latter will include: 1) The second phase of pension reforms 2) Reform... increasing to 20 percent in 2016 and further to 26 percent in 2017 4) Tax on television advertisements 5... (GGR) to 30 percent 7) Increase in the tax rate on rental income from 11 to 15 percent for income
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July trade deficit lands at 715 mln as imports post biggest drop on record
EconomyMacroeconomythe EU rose by a mere 1 percent, while those from non-EU countries declined by 20 percent. Similarly... by 7 percent. The regional breakdown of the headline figure displayed mixed trends in exports
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ELA funding drops by 1.58 bln in Sept for third straight fall
EconomyMacroeconomyprogramme in mid August. A further reduction by 1 billion euros was decided by the ECB on October 7... by 20 billion, corresponding to more than 45 percent of the private sector deposit outflows of 44
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