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Newsletter 93 - 21/10/2016
coupled with a higher increase of 2 percent in mining and quarrying turnover. Despite the modest... accounted for less than 39 percent of total hirings, which is by far the lowest reading in the course... percent, while mining and quarrying turnover expanded at a higher pace of 2 percent. However
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Newsletter 131 -15/09/2017
showed that unpaid taxes shot up by just over 2 billion euros in July compared to a rise of 727 million.... Just over three quarters of this year’s total (5.72 billion) relates to tax categories. The remainder... since January 2015. 2 Building activity rises by 9 pct in June Permits remain above the 1,000-mark
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Eurobank net profits decline by 22.5 pct in 2017, NPE reduction beats target
EconomyBanking. In total, the management noted that NPE stock fell by 2.5 billion year-on-year (YoY) to 20.1 billion..., the figure declined by 0.9 percent for the group and by 2 percent for Greece. As a result, the cost... percent to 750 million, with a cost of risk of 2 percent versus 1.96 percent in 2016. As management noted
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Alpha Bank's net profits decline to 21.1 million in 2017, fourth quarter makes loss
EconomyBanking) and operating income. For 2017, core PPI increased by 2 percent year-one-year to 1.21 billion. Asset quality Non-performing exposure (NPE) stock in Greece fell for the fourth quarter in a row by around 2... Assistance (ELA) funding was reduced by a total of 6.2 billion since December 2016 to 7 billion in December
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Newsletter 172 -27/07/2018
between 2 percent and 2.5 percent over the next three years, with the potential of stronger growth... last year. Receipts were driven by an increase of 23.6 percent in foreign arrivals, coming to a total... and came to 1.12 billion euros, whereas outside of the EU receipts dropped by 2 percent to 312 million
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Primary surplus confirmed at 4.80 bln on lower tax refunds and public investments
EconomyMacroeconomyin consumption tax to 6.34 billion, while VAT revenues also rose by 2 percent to 11.86 billion. On a monthly... reached 1.27 billion. The MoF is targeting privatisation revenues of around 2 billion euros... the target by 155 million. Overall, in the first nine months of the year, expenditure increased by 2
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GDP rises by 0.8 pct QoQ in Q2, increases by 1.9 pct YoY
EconomyMacroeconomythe majority of GDP, making up around 89 percent of the total figure in Q2, with private consumption... percent of the total. In its Medium Term Fiscal Strategy (MTFS) for 2020-2023, the Ministry of Finance... that in June, international arrivals by air rose by 2 percent. In the aggregate period, arrivals rose by 4.4
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Hotel owners sound warning over Thomas Cook revenue losses
EconomyFeatureswere 1, 2 or 3 star establishments, 32 percent were 4 start and 21 percent were 5 star. The lower.... Specifically, the amount of turnover generated via Thomas Cook for 1, 2 and 3 star hotels came to an average of 48 percent of overall turnover for such hotels. For 2019, total losses to Greek hotels
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Draft budget sets ambitious growth target of 2.8 pct in 2020, plugs fiscal gaps
EconomyProgramme to 2.8 percent. At the same time, the estimate for this year’s growth is revised down to 2... seen closing the fiscal gap. Incorporating all fiscal interventions, total revenues in 2020 will reach 54.13 billion, from 54.31 billion in 2019. Total expenditure will reach 57.05 billion euros, from
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Plans for Hellinikon development set out, emphasis on real estate revenues
EconomyFeatures, will be carried out in phases. The first phase is budgeted at 2 billion euros, almost double the original plan... of the coastal front. Of the 2 billion euros for the first phase, 850 million euros will come from... release. A total of 10,000 homes are being planned for the development for sale across 25 years
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