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Tracing the decline of the middle class as parties vie for its votes
EconomyFeatures7 national elections. Since key constituencies, including private and public sector workers.... However, as we noted in a previous analysis about half the tax burden is borne by the top 5 percent... that a gross income of 33,000 euros today puts a household in the top 5 percent of earners
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Newsletter 215 -19/07/2019
the minimum monthly payment from 30 to 20 euros and reducing the interest rate from 5 to 3 percent... successful issues earlier in the year, with 5- and 10-year maturities, the PDMA surpassed its initial target of 7 billion euros, with the total this year reaching 7.5 billion. Greece’s debt managers note
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Tax cuts spearhead Mitsotakis's message in Thessaloniki
PoliticsGreek Politicsthe tax on dividends will be brought down from 10 to 5 percent, as promised by New Democracy before the July 7 elections. VAT on the construction of new buildings will be suspended for three years, while... of 2020 and by 5 points by the end of 2023. In the coming years, the trade tax paid by the self
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What will it take to reverse the Greek 'brain drain'?
Society, around 31 percent of the total workforce in Greece hold university degrees, and 5 percent hold... subjects, 35 percent had studied economics, business or marketing, 7 percent had graduated in law or political sciences, and 5 percent in health sciences. Not surprisingly, the vast majority
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A sudden turnaround that could lead to sharp shock
Agorathe same balance of payments data, excluding oil and ships, Greece trades more than 5 billion euros... around 5 billion euros in revenues from goods exports. Domestic demand The transmission channels... pct assumption puts at risk more than 7 billion euros of GDP. The experience of 2010 and 2011 makes
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Piraeus Bank posts net profit of 49 mln in Q4 and 270 mln in 2019
EconomyBankingsecuritisations work of around 7 billion euros is on track, split between two portfolios, Vega valued at 5... difficulties, 5 billion euros of which lie with businesses and 3.8 billion with individuals. Regarding
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Greek housing market at new juncture as Covid-19 shakes foundations
EconomyFeaturesin the residential sector contributed over 10 percent. Those figures shrunk to 5 percent and less than 1... falling by 2.2 percent in 2017 and 3.2 percent in 2018, remaining stable in the first 7 months... sources claim that long-term rental prices in central Athens have dropped between 5 and 23.5 percent
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Hercules nears end of its first cycle with National Bank's participation
EconomyBankingaccount for 18 pct, while consumer credit comprises 5 pct. Hercules was launched by the Greek government... of junior notes. Eurobank kept all the senior notes and 5 pct of the mezzanine and junior notes.... On the cards for Hercules II are Vega Phoenix from Piraeus, worth 7 billion euros, and the remainder of Alpha
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Newsletter 283 -05/02/2021
comprises 5 pct. Hercules was launched by the Greek government to assist banks in offloading up to 30... and 5 pct of the mezzanine and junior notes. doValue purchased 20 pct of the mezzanine notes..., worth 7 billion euros, and the remainder of Alpha Bank’s Project Galaxy. Hercules II is seen running
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One unicorn does not a Silicon Valley make: positive news on startup front also highlights limitations
EconomyFeaturesemploy fewer than 10 people, while in the Found.ation report around 7 in 10 startups consist of fewer than 5 people. Only a couple of outliers employ more than 100 people. Economic impact The Hellenic...-tax profits at all. More than half the firms reported turnover below 100,000 euros, while only 5 pct
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