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Grand projects and even loftier ambitions drive Greece's energy project bonanza
EconomyFeaturesin the electricity and gas sectors fell to 2 percent of GDP in 2011-2015 compared to levels over 4 percent..., with the potential to add a further 2 bcm/y in a second phase), it is important because it will allow... contender for a regional energy hub. In order to fully realise this ambition, however, the onus
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NBG reports net loss of 163 mln in 2017, bad loans continue to fall
EconomyBankingthe sale of unsecured loans. This could be excelled to reach around 2 billion euros, leaving 2.2 billion to be reduced in 2019 in order to meet its targets. P&L Net interest income (ΝΙΙ) fell by 3... and the yield is 2.90 percent. The bond issue attracted over 2 billion euros in bids compared
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Final decision on 2019 fiscal measures still a few weeks away
EconomyProgrammemeasures worth 1 or 2 percent of GDP is due to be taken on Friday, with the International Monetary...-free threshold, which is scheduled for 2020, as well as cut pensions in order to reach the primary..., according to most forecasts, to expand by at least 2 percent. The institutions, though, will want
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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 neighbouring countries in order to sustain their viability, manifesting as a fall in companies registered.... The equivalent in the UK is 5 percent, and in Germany just 2 percent. Greece’s problematic tax
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Eurogroup marks end of cycle and squaring of circle for Greece
Agora20 percent of GDP, in order to give comfort to the IMF and without incurring any additional costs... a debt buy-back in the end of 2012. A margin of 2 percent was foreseen from 2017 onwards. This margin... privatisations (expected at 2 billion in 2018 and over 1 billion in 2019) set the current cash buffer plan at 18
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Newsletter 168 -29/06/2018
or lawmakers from other parties to the government in order to boost its numbers in Parliament. It seems... growth rate, assuming that inflation will reach 2 percent in 2023 and remain at the that level.... 2 May budget primary surplus at 1.53 bln Confirmed figure beats the target by 1.35 bln The budget
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Recent study issues warning over ageing population, future pension burden
Societyauthors state that while Greece is aiming for 2 percent annual GDP growth, a rate closer to 4 percent will be necessary. A viable insurance system requires 2.5 workers per pensioner in order... decreased by 2 percent to come to 118,792, still outpacing births and leading to a net shortfall
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Eurobank sees net profits of 1.1 mln in Q2, NPEs continue to fall
EconomyBankingoutstanding in order for the bank to reach its full year NPE reduction target of 15.6 billion. The NPE ratio... percent to 217.1 million QoQ. In H1, the figure fell by 2 percent YoY, with the decline coming to 3.4... quarter. Balance Sheet Eurosystem funding declined by 2 billion euros QoQ to 5.1 billion in June
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Mitsotakis eyes tax cuts to jump-start economy, also seeks unity but not with SYRIZA
PoliticsGreek Politicsthat Tsipras and SYRIZA are banking on in order to rally their supporters and dissuade left-wing voters... from 2021. He said that the 2 billion euros in revenues from the tax (after his reductions... through the outsourcing of some services. He suggested that savings of 2 billion euros of savings
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Newsletter 176 -28/09/2018
the name settlement, known as the Prespes Agreement, caused unrest within the coalition. In order to quell... dependent on the budgetary performance. Moody’s sees the economy growing by 2 percent this year... 3.5 percent as any amount in excess of the country’s quota has a rate of close to 4 percent. 2
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