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Newsletter 101 - 23/12/2016
of reforms and privatisation measures. BoG upgraded its macro estimates, which now point to a marginal GDP growth of 0.1 percent in 2016 from a mild recession of 0.3 percent in its previous estimate... estimated that the increased use of plastic money in Q3 2015 explains the increase in VAT revenues by 600
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Greek Q4 GDP down 2.6 pct, shrinks 3.7 pct in 2013 - better than troika estimates
EconomyMacroeconomy: The Greek government and the troika estimate a GDP rebound by 0.6 percent with BoG and Fitch Ratings... decelerating from the 3 percent drop posted in the third quarter, according to flash estimates... similar trend (low double-digit drop) over the past three quarters. ELSTAT’s latest flash estimates
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Fires cast growing shadow as new shipwreck probe is announced
PoliticsGreek Politicsof migrants travelling from Libya to Italy drowning in the Mediterranean, off the coast of Greece... are estimated to have lost their lives in the shipwreck. Another probe, this time initiated from
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New Democracy tries to win over voters with crackdown on bank charges, migration
PoliticsGreek Politicsapproach on migration in response to increased arrivals from Libya also comes at a time when New... of measures will be relatively painless for banks, costing an estimated 20-30 million euros, while
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Sales of HELPE, DESFA and shipyard progress while protests hamper ROSCO, PPC
EconomyProgrammeFincantieri set to visit the shipyards next week. However, while these privatisations have taken steps forward... is targeting just over 2 billion euros in revenues from privatisations this year. The latest preliminary...The privatisation of Hellenic Petroleum (HELPE) inched forward as the tender process for a 50.1
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First day of talks highlights distance that needs to be covered
EconomyProgrammeof a mechanism that would allow for a more precise estimate of each year’s fiscal outcome close to the end... began on Tuesday. On the first day of meetings, discussions focused on the new privatisation... measures will come into effect. On the privatisation front, the government pursuits the stake
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Early tourism estimates point to increased airline pre-bookings and lower cruise passengers in 2017
EconomyMacroeconomymore than those in 2016. This estimate is due to be revised by the end of January and could...). The preliminary estimates for airline seat planning point to an increase of 19 percent for Greek regional
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Stability Programme revises growth down to 2.5 pct as investment estimates prove too rosy
EconomyMacroeconomyby 1.6 pct, another ambitious estimate of investments of 14.4 pct, exports up by 4.9 pct and imports... that the forecast was ambitious as most of their estimates ranged between 2 and 2.5 pct. Most
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S&P affirms Greece’s rating with stable outlook
Economyits previous estimate for flat growth, weighed by “additional fiscal drag, blocked banking system... and cumulative privatisation proceeds of 2 percent of GDP in the next four years. Under optimistic assumptions... estimates that Greece’s debt to GDP ratio will peak at 179 percent this year, while is expected to fall
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OECD sees GDP growth of 1.1 pct in 2017, stresses structural reforms and debt relief
EconomyMacroeconomyof 2.5 percent in projected for 2018, above its previous estimate of 1.9 percent. Private..., the OECD stressed. Moreover, acceleration of the privatisation programme is crucial to bring... to return but uncertainties remain. The OECD estimates that GDP will rebound by 1.1 percent in 2017
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