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  1. Moody's raises Greece two notches to 'B1' but highlights challenges for further upgrades
    Photo by Panayotis Tzamaros/Fosphotos

    Economy

    significantly more open in recent years, with exports now accounting for 37 percent of nominal GDP as of Q3 2018 compared to 22 percent back in 2010. Competitiveness has markedly improved and exports

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  2. Athens moves ahead with expansionary measures as it waits for lenders' response
    Photo via Fosphotos

    EconomyProgramme

    .” He said the government would like to bring back the benefit in a different, “more targeted” form... for this year by 130 million euros. According to the General State Accounting Office, the cost

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  3. Athens warned about missing fiscal targets rather than changing them unilaterally
    Klaus Regling

    EconomyProgramme

    , causing Prime Minister Alexis Tsipras to hit back during a speech in Lamia, central Greece, on Thursday... the measures exists. Houliarakis said that according to data from the General Accounting Office, the primary

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  4. Newsletter 208 -31/05/2019

    Newsletters

    support from 2015 to rally at the last minute and for young voters to back the leftist party.... The General Accounting Office had estimated the total cost of the expansionary measures at 0.55 percent

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  5. Primary cash balance at surplus of 438 mln in May
    Photo by MacroPolis

    EconomyMacroeconomy

    back into a deficit after showing a slight surplus in April. For the first five months of the year... the aggregate target by 2.55 billion euros. It should be noted, however, that the accounting methods

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  6. Govt proposes property VAT reduction to kickstart home sales

    EconomyFeatures

    to kick start the property market is to attract domestic buyers back into the market, an effort which..., accounting for 65 percent of all permits granted. This was followed by Turkey (8 percent), Russia (7 percent

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  7. Newsletter 241 - 28/02/2020

    Newsletters

    back the reduction of corporate tax to 20 percent. In May 2020 Greece is due to submit the new... case the sector could suffer a 10 percent hit. With tourism accounting for 10 percent of GDP

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  8. Alpha Bank posts net loss of 10.9 mln in Q1
    Photo by MacroPolis

    EconomyBanking

    calendar effect alongside lower interest contribution from loans and higher funding costs off the back.... Deposits in Greece recorded inflows of 3.1 billion YoY with core deposits from households accounting

    1%

  9. NBG results show net profits of 409 mln euros on strong trading income in Q1
    Image via www.nbg.gr

    EconomyBanking

    in retail banking fees (+25 percent YoY) on the back of increased card (+64.2 percent... and securitisation activity as a method of reducing NPEs showed a slowdown in Q4 2019, accounting for a reduction

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  10. WWF sets out road to green economic recovery in post-Covid landscape
    Photo by MacroPolis

    EconomyFeatures

    , adding that this investment gap is holding Greece back from harnessing the significant development... created a unique opportunity allowing for an economic reset as well as accounting for historic gaps

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