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December retail sales seen down 2.5 pct amid tax onrush
EconomyMacroeconomywas burdened by the imposition of capital controls. Overall, private consumption rose by 1 percent... in the VAT rate from 23 to 24 percent (implemented as of July 1, 2016) (218 million) and higher contributions
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IMF proposes rebalancing of fiscal policy, reform implementation and debt relief
EconomyProgrammeThe International Monetary Fund’s executive board convened on Monday evening to discuss the Article IV consultation on Greece. The fund’s baseline scenario foresees a long-term GDP growth of 1... the government’s recent estimate of close to 2 percent, while a marginal improvement to 1 percent of GDP
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Apartment prices drop 0.6 pct in Q4 and 2.2 pct overall in 2016
EconomyMacroeconomyin new houses rebounded by 1 percent, while those of older houses posted a smaller increase of 0.3..., pointed to a drop in housing prices by 5 percent in 2016 and by another 1 percent in 2017.
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Central government debt rises to 326.4 billion on ESM disbursement
EconomyMacroeconomythan 5 years) debt made up 80.3 percent of total, while short-term (up to 1 year) and medium-term (1
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Tsakalotos appears but gives little away about negotiations with creditors
PoliticsGreek Politicsof the package of measures and counter-measures would be zero in fiscal terms. “For example, if 1 billion euros in [new] measures are adopted, another 1 billion euros in positive measures for the economy
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With tax-free threshold set for change, income declarations underline need for rethink
EconomyProgramme-free threshold with the aim of securing additional revenues of 1 percent of GDP (1.8 billion euros..., the personal income tax rate to 15-20 percent and the top VAT rate of 24 percent by 1 pp
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NBG records net profits of 73 mln in Q4, turns profitable for whole year
EconomyBankingmillion QoQ to 46.9 billion in Q4, while deposits rose by around 1 billion to 40.5 billion. As a result..., almost offsetting the inflows of 900 million in the previous quarter. The Common Equity Tier 1 (CET1
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Marginal drop in time deposit rate, sharp decline in corporate lending rates in Feb
EconomyMacroeconomya nosedive in the rate for loan amounts above 1 million euros by 83 bps to 3.89 percent, its lowest...) to 5.17 percent and for amounts between 250,000 and 1 million euros (-22 bps) to 4.79 percent
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Tsipras eyes euro summit if new plan to break deadlock fails
PoliticsGreek Politicsin Kathimerini and Bloomberg, the proposal for overcoming the impasse is that 1 percent of GDP in pension measures should be taken in 2019 and 1 percent of GDP from the reduction in the tax-free
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Athens hopes for deal at Eurogroup but doubts persist
PoliticsGreek Politicsis under discussion. It entails 1 percent of GDP in fiscal measures (pensions) being implemented in 2019 and another 1 percent of GDP (tax-free threshold) in 2020, but under the condition
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