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  1. Newsletter 103 - 20/01/2017

    Newsletters

    on TrainOSE’s debt to OSE, amounting to more than 700 million, is pending. 2 Budget primary surplus almost..., with building permits plummeting by more than 86 percent over the last decade. Building activity has

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  2. Greek households saw net financial wealth plummet by 37.5 pct during crisis
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    their assets plummeted by more than one third. The latter was mostly evident in the early stage... their assets which more than doubled from 30.6 percent in Q1 2006 to 66.5 percent Q2 2012, not only

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  3. Credit contraction accelerates to 1.5 pct in Dec, net lending flow remains subdued
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    with deductions of 3.14 billion in 2016, 4.8 percent lower than the 2015 figure of 3.29 billion. When broken down... of more than 40 billion euros dragging the loan stock down by 24.3 percent over this period. The consumer

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  4. New overdue taxes jump by 1.3 bln in Dec, total stock climbs to 54 pct of GDP
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    a rise of more than 7,500 in the previous month. The aggregate figure for the whole year showed... had contracted by 639 million. The breakdown of the legacy tax debt showed more than three quarters

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  5. Number of new companies registering in 2016 half of those in 2008
    Photo by Natasha Pantazopoulou/Fosphotos

    Economy

    , retail trade, accounting and consulting). Although this figure is lower than the 88 percent recorded...). Overall, excluding tourism, the vast majority of sectors posted an average decrease of more than 30

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  6. Car sales soar 22.8 pct in first month of 2017

    EconomyMacroeconomy

    . Passenger cars make up more than 81 percent of car sales, while around 41 percent are registered... than the 13.5 percent growth rate recorded in 2015. Despite double-digit growth in each of the last

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  7. Greek banks stepped up write-offs in 2016, provisions increased at slowest pace since 2008
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyBanking

    billion euros in 2016, up by more than 1 billion from the 2015 figure of 1.46 billion. The previous.... They have increased by more than seven times since then in the wake of PSI losses and sharp

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  8. Lenders' proposal not yet enough to convince Athens, banish snap poll option
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    European director, Poul Thomsen, that Greek pensioners are better off than their German counterparts... of principle, rather than his previous insistence that it would not accept “a single euro” in new

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  9. Greece near bottom of OECD rankings for spending on R&D
    Photo by Panayotis Tzamaros/Fosphotos

    Society

    than any other country on R&D (4.3 percent) followed by Korea (4.2 percent), Japan (3.5 percent... (1.7 percent) all spent greater proportions of their GDP on R&D than Greece. There was a general

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  10. Current account deficit widens to 933 mln in December, 2016 balance turns to deficit of 1.1 bln
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    with a slightly higher goods’ deficit by 35 million that more than offset an improvement... bonds and T-Bills, which more than offset a drop in their foreign equity holdings

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