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Mitsotakis eyes Christmas handout, tries to rally support for diaspora vote proposal
PoliticsGreek Politics, that these funds could be used for reducing tax pre-payment, bringing down the trade tax paid by businesses... out of the vicious cycle, if we don’t bring down unemployment, if we don’t increase disposable
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Newsletter 224 -18/10/2019
. In the forecast horizon, growth is seen slowing down significantly to 0.9 percent by 2024. The longer term... the aggregate PIB balance landed on a deficit of 777 million euros. Eurosystem funding down by 699.8 mln
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Athens waits for credit rating upgrade as 10-year yield drops to new low
EconomyThere has been a continuous flow of positive messages from the sovereign debt market for Greek authorities as strong demand for Greece’s public debt keeps pushing borrowing costs down. The 10-year..., however the growth estimates for this year have been trimmed down in the draft budget to 2 percent
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Greece falls to 79 out of 190 economies in ease of doing business ranking
EconomyFeaturesthe regulations applying to them through their life cycle. The score for each country is broken down..., down three places from a score of 153 last year. The best score came in starting a business with a rank
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General govt primary cash surplus at 6.25 bln in September, arrears drop by 82 mln
EconomyMacroeconomyedged down by 5 million to 15.23 billion (4.3 percent of the total). Bonds decreased by 6 million... lending edged down by 1 million to stand at 1.91 billion euros, representing under 0.5 percent
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EC sees growth at 1.8 pct for 2019, rising to 2.3 pct in 2020 and fiscal targets in reach
EconomyMacroeconomyof 2019, down by 0.1 percent, however strong economic and consumer confidence are expected to push.... The overall balance will reach 1.3 percent of GDP this year, slow down to 1 percent of GDP in 2020
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Employment balance turns negative by 125,668 in October
EconomyMacroeconomywith a negative balance of 41,957, and those aged 15-24 with a negative balance of 20,636. Broken down... in the Greek job market as the school year starts and the tourism season winds down, as demonstrated
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Eurobank first to tackle NPL reduction via APS
EconomyBankingsecuritisation is expected to reduce NPE in the second half of the year down to around 6.4 billion euros... billion euros, down to 3 or 4 billion by the end of 2021. Securitisation will play a primary role
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PPC posts net loss of 353.2 mln in 9M as energy mix charges hit
EconomyCorporates15 percent to 10 percent as of April, and down to 5 percent as of September. Specifically, PPC’s... 82.3 percent last year. EBITDA came to 96.9 million from 359.2 million, down by 73 percent YoY
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Overall loan interest drops to 4.32 pct in October
EconomyMacroeconomyThe overall weighted average interest rate on all new loans to households and non-financial corporations came to 4.32 percent in October, down by 27 basis points (bps) from the rate of 4.59 noted... the previous month. The spread between existing loan and deposit rates edged down to 3.80 percentage
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