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Unpaid taxes rose by 1 bln a month in H1 2014, collection targets missed
EconomyMacroeconomytax obligations so far in 2014 were in February, when they reached 1.39 billion The year to date... of the year, implying that new tax debt has risen by an average of 1.04 billion per month this year... at the end of 2013, yet it was reduced by 1.53 billion in the year to date. This reflects payments
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BoG shows lower deposit rates and a sharper drop in loan rates in June
EconomyMacroeconomypercent in June, according to the Bank of Greece (BoG). In contrast to the first quarter of the year, when this rate remained stable, it posted a 42 bps decline in the second quarter of the year. The respective decrease in the rate of new T-Bill issues this year was sharper at 210 to 215 bps
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Greek banks' Eurosystem funding sees reduced drop of 334 mln in July
EconomyMacroeconomyyear to date. Overall, ECB funding has dropped by 28.4 billion in the seven months of 2014, while... this year was the elimination of ELA funding in May. It has remained below 4 million euros since then. The recorded decline so far this year mainly reflects higher interbank lending, while deposit flow
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Greek economic sentiment and consumer confidence fall in August
EconomyMacroeconomyan aggregate improvement of 10.5 points since the beginning of the year. The headline figure dropped... 22 points over the past 1.5 year. Consumer confidence fell at an accelerating pace of 3.7 points... quarter of the year. The year to date balance remains positive, showing an increase of 8.6 points
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Alpha Bank reports H1 profits of 267.4 mln on one-off item
EconomyBankingAlpha Bank reported first half (H1) net profit of 267.4 million euros from 3.41 billion last year... better than the consensus. The financial performance this year showed net loss was trimmed to 57.4... but fell 2.1 percent year on year (YoY) in H1, mainly due to a drop in personnel cost by 8.8 percent
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Small but rare rise of 0.4 pct for Greek retail turnover in June
EconomyMacroeconomyThe turnover of Greece’s retail trade index rebounded 0.4 percent year on year (YoY) in June after... an increase in the first half of the year. The retail turnover plunged 22.5 percent over the past 5... by 15.4 points in the second quarter of the year. Retail trade confidence rose by 2.6 points to 22.3
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Samaras seeks late summer boost from talks with troika in Paris
PoliticsGreek Politicsforeclosure for another year and secure the troika’s approval for adjustments to the single property tax... of the year at the Thessaloniki International Fair on Saturday and would like nothing more than to be able..., such as the budget execution and next year’s fiscal gap. The European Commission, European Central Bank
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Exports resumed a downward trend in July, imports up 10.1 pct
Economyby Hellenic Statistical Authority (ELSTAT) today. In addition, since the bulk of the last 12 year on year... the fifth positive YoY reading so far this year. However, the 12-month trailing index still points... as the July and 7-month trade deficits. The latest data for the first half of the year (released
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GSEE report stresses risks on employment and the pension system, outlines burden on wages
Societydropped by 31.3 year on year in 2013 for the first time since 2009. Nevertheless, the number of full... in an environment of heightened unemployment resulted in an extension of the breakeven year for social..., the breakeven year would be extended until 2025. Nevertheless, the deep and prolonged recession coupled
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OECD report paints grim picture for Greece's labour market
EconomyMacroeconomy. The report unveiled that real hourly wages in Greece fell for the fourth straight year by 5.5 percent in 2013... by real GDP. This figure declined at an accelerating pace for the second successive year by 7.8... Purchasing Power Parity – PPP) in Greece fell 5 percent year on year to 25,503 in 2013. This is 41.7
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