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Newsletter 99 - 09/12/2016
in the general elections and SYRIZA 20.5. Golden Dawn is in third on 7 percent, followed by PASOK.... The December 5 monthly reunion of finance ministers took stock of the second review currently being carried... to define the agenda. The December 5 agreement with the European creditor institutions confirmed
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Athens, lenders trying to put last pieces in place for technical agreement
EconomyProgrammeof 5 percent for pensioners of the Social Security Institute (IKA), the largest pension fund... on mass layoffs to increase from 5 to 10 percent may be dropped. The IMF has also reportedly backed... that even under this scenario, securing a staff-level agreement (SLA) for the April 7 Eurogroup might
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Stocks climb 4.8 pct on increased optimism about deal with institutions
Economyincome (PPI) rebounded by 5 percent quarter on quarter (QoQ) and 26.8 percent for 2016. Alpha Bank... increased 5 percent QoQ and 20 percent for the whole year to 881 million. Motor Oil issued 5-year senior... an equal amount of senior notes due in 2019. PPC releases its 2016 results on April 7. No other major
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Piraeus Bank posts minor losses in Q4, almost breaking even for 2016
EconomyBankingand NPE reduction targets are seen at 7 and 1.5 billion respectively by the end of 2019. Taking also.... For 2017, management foresees a further drop in operating expenses by around 5 percent, also including... 1,200 employees in late 2016. Impairment losses rose 5 percent QoQ to 220 million, while sharply
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Athens details fiscal counter-measures, a vital selling point for Tsipras
EconomyProgrammedrop to 3 percent (from 5 percent). For the bracket including taxpayers with income between 30,000 and 40,000, the rate would be cut to 5 percent (from 6.5 percent), while for higher incomes up to 65,000 euros the rate would decrease to 7 percent (from 7.5 percent). In contrast, the solidarity levy
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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... 2008-2016, Greece’s GDP plunged by 27 percent, while tax revenues declined by only 7 percent, reflecting.... The equivalent in the UK is 5 percent, and in Germany just 2 percent. Greece’s problematic tax
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Eurobank net profits at 34.5 mln in Q1
EconomyBanking, also staying negative for a sixth quarter. An increase in NPE formation of 7 million euros was noted... not been serviced for around 5 years, coming to a total of 1 billion which the bank aims to sell... of which were brought forward for Greek banks and published on May 5, no capital shortfall was noted
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Newsletter 166 -15/06/2018
and interest rates will be lowered. The newspaper adds that Greece will also receive 5 billion euros... of maturities will be set at 15 years but will be reduced by 2 years for each 5 billion euros... permits), falling by 7 percent compared to the same time last year. Building permits fell by 2.3 percent
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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... have preferred a 7- or 10-year bond but the recent falling yields for 5-year notes, which reached close
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Tsipras tries to use Brussels warning to his political advantage
PoliticsGreek Politics,” he said. “Mr Mitsotakis insists on talking about the need to adopt a 1:5 hiring rule, while we have... not necessarily put behind it “the dark days of tough policies” and that only the result of the July 7... will be brought down from 28 to 20 percent over two years, he added. Dividend tax will drop from 10 to 5 percent
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