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UN steers clear of Cyprus blame game as focus moves to hydrocarbons
PoliticsForeign Policyof blocks 1, 6 and 7 of Cyprus’ EEZ, to the west and southwest of the island. The effective dates... in blocks 1, 6 and 7, while the Cyprus Republic's right to conduct hydrocarbon research has been... highlighted that the United Nations intends to stay out of the blame game that began on July 7 after
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Eurobank net profits from continued operations fall by 12.2 pct in 2018
EconomyBankingloans, with NPE formation of -3 million. A rise of 1 million had been noted in Q3. NPL formation also... of the law 3869/2010 backlog in 2019. Sales from Pillar and Cairo portfolios, worth 2 billion and 7 billion... deconsolidation of approximately 7 billion in a single transaction to the SPV, which the bank will securitise
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The key points from Greece's proposal to lenders
EconomyProgrammein 2016 (excluding VAT) incorporate: 1) Change of the VAT rates from the current level of 6.5, 13... will be implemented as of October 1. 2) Introduction of a reward point system for the registration of receipts... in each year in 2015-16 7) International public tender for television licenses for a fee
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A closer look at Greece's revised proposals to lenders
EconomyProgrammewith those of the institutions and now sees a primary surplus target of 1 percent of GDP for 2015... include: 1) Increase in the corporate income tax rate by 3 percentage points to 29 percent from 26... are coming on top of measures that were also included in the previous proposal and involve: 1) Revenues
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Where is Odysseus? Part 5 - Productivity
Agoraon the macroeconomy of Greece.[1] In blog 16, we updated Greece’s demographic projections and found..., in blog 19, the assumption that unemployment could drift down to 7 percent of the labor force allows... is more easily transmitted in graphs than in lengthy complex tables. Employment. Consider Figure 1, below
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Newsletter 40 - 28/08/2015
to the polls for the third time this year (if the July referendum is included) on 20 September...-in is effective as of 1 January 2016. Since the Greek bank recapitalisation process should... in capital, accounting for around 45 percent of their Common Equity Tier 1 (CET1) capital. This means
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This is what's in the legislation Greece has to approve by Wednesday night
EconomyProgramme1, 2016. Tax measures The tax rate on insurance fees increases to 25 percent (from 20 percent... percent discount on VAT rates applied to islands will start from October 1 for islands with higher... for higher income it increases. In specific, for annual income: 1) Between 12,000 and 20,000 euros
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Athens and creditors edge closer on tax and pensions but gap remains on NPLs
EconomyProgrammeissues that need to be settled are: 1) The national pension, with lenders insisting the whole amount should be granted after 20 working years compared to the initial government proposal for 15 years... contributions for supplementary pensions, but at a lower rate of up to 1 percentage point (pp) vis
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Greece agrees package of measures with IMF, eurozone to seal review
EconomyProgrammeas the pension cuts and reduction in the tax-free threshold yielding 1 percent of GDP each in 2019 and 2020... involve spending increases in 2019 and tax relief in 2020 to the tune of 1 percent of GDP each... rate from 22 to 20 percent with an estimated cost of 0.5 percent of GDP, progressive reduction
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Newsletter 106 - 10/02/2017
for the review impasse being found in to time for the February 20 Eurogroup. The last few days have... that on February 20 at the next Eurogroup meeting, the agreement will be reached and the country... to be struck by February 20, it is widely accepted that the institutions would have to return to Athens early
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