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  1. OECD lowers growth forecast, warns Athens to maintain fiscal credibility
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    EconomyMacroeconomy

    downward its forecasts for Greece’s economic growth over the next two years. This year’s growth is seen at 2.1 percent, slightly lower than the 2.2 percent expected in November last year. Growth for next year is seen at 2 percent, from 2.1 percent in the previous outlook. The OECD highlights

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  2. Payment plans for overdue debts launched as Athens looks for revenue boost
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    EconomyProgramme

    targets this year. The government’s latest forecast is for a 4.1 percent of GDP primary surplus this year, which is 0.6 points above the 3.5 percent target. Athens insists that this is achievable..., that their preliminary assessment of the fiscal impact of the measures is that this year’s target

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  3. Alpha Bank posts net profits of 27.5 mln in Q1, ELA eliminated
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    EconomyBanking

    million, affected largely by lower net interest and fee income contributions. The difference year-on-year (YoY) was a decline of 21.1 percent compared to the Q1 2018 figure of 269.1 million. Asset... period a year ago, NPLs have declined by 2.2 billion euros. By segment, NPL formation in the wholesale

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  4. Eurobank net profits at 19.7 mln in Q1, merger with Grivalia Properties complete
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    EconomyBanking

    a year-on-year (YoY) decline of 42.9 percent versus net profits of 34.5 million euros in Q1 2018... a year ago. On a quarter-on-quarter (QoQ) basis, net profits rose by 90.1 percent compared to Q4 2018... margin was 2.35 percent in the current quarter compared to 2.51 percent in the same quarter a year

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  5. EU elections in Greece: Applying a different scale of values
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    Agora

    . In September last year, opposition leader Kyriakos Mitsotakis presented a long list of economic pledges... tax from 22 to 9 percent for those earning less than 10,000 euros per year, slashing corporation tax... increase earlier this year). The conservatives, like SYRIZA, also vowed not to implement next year

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  6. Industrial production drops by 0.8 pct in Apr
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    Greece’s Industrial Production Index (IPI) dropped year-on-year (YoY) by 0.8 percent in April... figure for the first four months of the year showed that the IPI rose by 0.8 percent. The figure... points month-on-month to stand and -0.2, the best reading since September 2018. Year-on-year, industry

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  7. Building permits drop by 14.4 pct in March
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    Building permits decreased by 14.4 percent year-on-year (YoY) in March, deepening from a decline..., the total for the year is roughly 84 percent lower than the 2005 peak. Much of the current building...) of the year from an upward revised increase of 2.6 percent in Q4 2018. The ongoing stabilisation

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  8. Eurozone set to give next govt until Sept to address fiscal issues

    EconomyProgramme

    questions about its plans and this year’s fiscal targets from its eurozone counterparts until September... and how it will ensure that this year’s fiscal target will be met. Like its eurozone counterparts... will not be able to reach a 3.5 percent of GDP primary surplus this year. Stournaras said

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  9. Unemployment rate up to 19.2 pct in Q1, long-term jobless still falling
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    EconomyMacroeconomy

    ) of the year, increasing from the rate of 18.7 percent noted in Q4 2018, Hellenic Statistical... percent for a fourth consecutive quarter since Q3 2011. Compared to the same period last year...), followed by information and communication (+14,700). The three sectors displaying the biggest year

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  10. Building permits increase by 14.6 pct in April
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    EconomyMacroeconomy

    Building permits rose by 14.6 percent year-on-year (YoY) in April, increasing from a drop of 14.4... by 1,478 permits. However, the total for the year is roughly 84 percent lower than the 2005 peak. Much... during the first quarter (Q1) of the year from an upward revised increase of 2.6 percent in Q4 2018

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