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Greece as an energy hub: Reality or wishful thinking?
EconomyFeaturesthat Exxonmobil plans to invest 5 billion euros in Greek offshore explorations, and Total another 5... efforts. Since 2007, a total of 10 different energy ministers have passed through the government. Looking
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Eurobank records 40 mln net profits in Q2 and third quarter of negative NPE formation
EconomyBankingof 5 billion in June. Gross loans edged down by 100 million to 50.1 billion in Q2 on the back of lower... Equity Tier 1 (CET1) ratio edged up by 10 basis points (bps) QoQ to 17.4 percent in Q2. The disposal of the bank’s stake in Grivalia in July is expected to improve CET1 ratio by 5 bps. Furthermore
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Are hirings in the public sector out of control?
EconomyFeaturesand local government and the public bodies supervised by them is subject to a strict 1:4 (previously 1:5) attrition rule laid out in the MoU, meaning one new hire is permitted for every 4 (previously 5... with these bodies grew by 1,273 (3 percent) in 2016 and 4,923 (10 percent) in 2017. The Register of Services
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Greece’s unstable and confusing tax system failing to deliver results
EconomyMacroeconomyof any OECD country, with tax evasion estimated at between 2 to 5 percent of GDP per year according... to an EU average of 22.5 percent. Bulgaria has a rate of 10 percent, Romania 16 percent and Cyprus.... The equivalent in the UK is 5 percent, and in Germany just 2 percent. Greece’s problematic tax
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PDMA sets out plans to build on recent market forays with bond issues in 2019
Economyand a coupon that reached 4.3 percent, into 5 new benchmark bonds maturing every five years and coupons... stands at 18.5 years. The maturity profile is generally rather benign, exceeding 10 billion only four... 5 billion euros of its cash reserves. The figure drops to just 1.1 billion if new bonds reach
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Institutions wrap up talks with focus on NPLs, primary residences and budget
EconomyProgrammea proposal regarding the increase have recommended a figure of between 5 and 10 percent. Several... asking for the minimum wage to increase by no more than 5 percent. In an interview with Naftemporiki
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Newsletter 191 -25/01/2018
recommended a figure of between 5 and 10 percent. Several business associations have called... by no more than 5 percent. In the meantime, Athens seems to be preparing to go back to the markets
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Athens and lenders continue talks on outstanding actions, aiming to conclude by March 25
EconomyProgrammeof the EWG on March 25 so that the informal Eurogroup due to take place in Bucharest on April 5 can... to the International Monetary Fund early. Greece's outstanding debt to the IMF stands below 10 billion euros... of the second review by April 5. Regling also sought to dampen speculation about changes to Greece’s
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Athens hopeful release of 970 mln will be approved at Friday's Eurogroup
EconomyProgrammeof debt relief measures. The Greek government is hoping that the April 5 Eurogroup in Bucharest... and ensure that an agreement can be reached ahead of the April 5 Eurogroup,” Breidthardt said during.... Greece currently owes the IMF just under 10 billion euros but may make do with just paying off
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Central govt debt falls for first time in six quarters, easing by 1.25 bln to 357.69 bln in Q1
EconomyMacroeconomy. Of this amount, roughly 50 billion is held by private investors and under 10 billion by the ECB... in Q4. The debt breakdown by residual maturity showed that long-term (over 5 years) debt made up 77.2 percent of the total, while short-term (up to 1 year) and medium-term (1 to 5 years) debt
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