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Newsletter 217 -02/08/2019
drops by 2.4 pct Greece’s retail sales index fell by 2 percent in May, almost at the same rate
4% -
Fitch leaves rating unchanged, notes recovery potential and tricky fiscal balance
Economy, with nearly 91 percent of the stock at fixed interest rates, hence insensitive to rate shocks
4% -
MPs to vote on changes to governing process as opposition hits out at ND
PoliticsGreek Politicsof the interest rate charged on unpaid social security contributions from 5 to 3 percent as part
4% -
Staikouras strikes note of caution on fiscal space and tax cuts
EconomyProgrammeis the reduction of the tax rate on corporate profits to 24 percent, from 28 percent. He explained
4% -
Support for euro grows in Greece, strong mistrust of EU easing
Societyand the latest one, this rate has declined by 11 pps. When it came to democracy, an overall
4% -
ND lining up tax, development and labour legislation for autumn
PoliticsGreek Politicswill attempt to implement the 1,000-euro tax credit per child, and change the entry tax rate from 22
4% -
Brussels urges Athens to remain on reform path as fourth post-MoU review looms
EconomyProgrammeand next; the labour market is improving, with the unemployment rate below 18 percent for the first
4% -
Mitsotakis courts French investments, announces corporate tax cuts
PoliticsGreek Politicsthe institutions’ approval to lower the corporate tax rate on 2019 earnings from 28 percent to 24
4% -
Piraeus Bank posts net profit of 20 mln in Q2 from continued operations, NPE sales step up
EconomyBanking. An increase of fixed income portfolio in Eurozone sovereign bonds was also noted. The new time deposits rate
4% -
Alpha Bank posts net profits of 59.4 mln in Q2, NPE sales worth 3.7 bln planned for remainder of year
EconomyBankingof auctions halted due to early elections. A total of 1,313 auctions were held in H1, with a success rate
4%