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Eurogroup clears next bailout tranches for Greece, sets new goals
EconomyProgrammeamounting to 1 billion each are linked to the implementation of milestones agreed between the Greek... of 2.9 billion in 2013, Greece will allocate 1 billion to reduce the country’s debt, 1 billion... involves one-off handouts to 1 million Greeks with low incomes and a temporary boost for members
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Piraeus announces transformation plan amid 2020 loss of 662 mln
EconomyBankingof progress in its 1 billion-euro share capital increase and a transformation plan, including new...-digits in the next 12 months. For the fourth quarter (Q4), Piraeus posted a loss of 521 million euros, compared with a loss of 1 million euros in Q3. The bank’s loss for the whole of 2020 compared
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Is Greece on track to decouple from fossil gas?
Agoragas imports were literally null (Figure 1). Figure 1: Russian gas imports from the Turksteam pipeline... published just 12 days after the start of the war and then completed in May 2022, indeed made... decreased by 4.02 TWh, followed by industry (-3.37 TWh) and distribution networks (-1. 3 TWh). However
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Newsletter 95 - 11/11/2016
of 23.3–23.5 percent in 2016, which is expected to fall by 1–2 percentage points in the following... in October, after a decline by 1 percent in September. The slight drop is mostly attributed... and transport prices by 2.4 and 1 percent, respectively. It is worth noting that the harmonised index
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Piraeus Bank posts net loss of 80 mln in Q1
EconomyBankinga loss of 80 million euros compared to a net profit of 12 million in Q4 2017. Results for operations... adoption of the IFRS9 accounting policy for exposures in Stage 3 (1 billion euros). Net fee... Assistance (ELA) funding dropped to 2.1 billion in March, falling by another 1 billion euros in mid May
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Newsletter 203 -15/04/2019
to lead to 1 percent of GDP in savings but were also designed to create greater fairness among pensioners, the reduction to the tax-free threshold is also aimed at generating an extra 1 percent of GDP... is designed to raise extra revenue equivalent to 1 percent of GDP (roughly 1.8 billion euros). Reports
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Newsletter 209 -07/06/2019
have an estimated impact of around 1 percent of GDP, or 1.8 billion euros, and is seen as being... will gain 74 seats, KINAL 23, KKE 16, Golden Dawn 15, Greek Solution 12 seats and Mera25 9 seats. Under... 25, KKE 17, Golden Dawn 15 and Greek Solution 12. In an interview with public broadcaster ERT
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Greek banks' capital backstop and the funding gap: An uneasy relationship
Economybillion taking also into account: a) proceeds of circa 1 billion stemming from: one-off presubscription... related to bank recap (110 million), interest income (232 million) and b) an amount of 1 to 1.2... at the end of June - the definition of the Core Tier 1 threshold with a reduction by 1 percentage point
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No let up ahead in terms of fiscal demands for new Greek government
EconomyProgrammeto generate annual revenues of 1 percent of GDP. The basic VAT rate was set at 23 percent, a super... will be abolished starting from October 1 for islands with higher incomes, which are also the most popular destinations, and is due to be extended to the other islands as of Jun 1, 2016. Other measures
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Greek 2016 draft budget contains 6.4 bln in new fiscal measures, sees recession ahead
EconomyMacroeconomyon investments, consumption and domestic tourism. Despite GDP growth of 1 percent in the first half of the year..., investments are anticipated to rebound by 4.5 percent, exports to decrease at a slower pace by 1 percent... relate to: Expenditure and cost savings (2.39 billion – 37.5 percent of total) 1) Increase in health care
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