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Greek govt gears for final Eurogroup of 2019, hoping for better terms
EconomyProgrammeThe Greek government has set its sights on the last Eurogroup of the year, hoping... of SMP and ANFA profits that are due to be released in two tranches next year, and a looser fiscal... is unlikely to emerge before the turn of the year. If and when the disbursement is agreed, it will have
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Eurobank net profits at 56.3 mln in Q3 from continued operations
EconomyBankingmonths of the year (9M) came to 82 million euros, up by 1.5 percent year-on-year (YoY). The bank... 95.5 percent a year ago. Capital The phased-in Common Equity Tier 1 (CET1) ratio came to 16.3 percent
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MPs gear up for action as To Potami calls it a day and PASOK wobbles
PoliticsGreek Politicsthis year’s social dividend, an estimated 100-200 million euros from the 436 million euros additional primary surplus that this year’s budget execution is expected to produce, will be shared out... end-of-year period, which will also include the decision by the Eurogroup on the release
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Government opts for modest tax relief, but who will benefit?
EconomyFeatureseuros in tax revenues in the tax year 2017 according to annual statistics from the Independent Public... and the construction sector. These include a three-year freeze on VAT on property transactions and on capital gains... through the first year of their term. The bigger question remains whether this, and New Democracy’s
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PMI at 54.1 points in November as foreign orders rise
EconomyMacroeconomyremained marginal and was the fastest for over a year. Input prices rose at a sharper pace, with the rate... February. Firms remained confident that output would rise over the coming year as the domestic economic... in industrial production in 2020, with the rate of growth expected to pick up to 1.1 percent year
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Employment balance negative by 30,559 in November
EconomyMacroeconomyfrom the Labour Ministry’s Ergani information system showed. Compared to the same month last year... balance for the same period last year was 135,033 meaning that in the aggregate period this year, 3,723 fewer jobs were created. The activity between January and November this year stemmed from hirings
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Turnover in tourism sector rises by 6.1 pct in Q3
EconomyMacroeconomyThe turnover index in accommodation and food services rose by 6.1 percent year-on-year (YoY... percent versus 8.2 percent in 2017. For the year so far, positive increases have been noted in Q2... of the year, travel receipts rose by 14 percent to 16.09 billion euros, while arrivals showed
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APS bill tabled, allowing use of 12 bln in state guarantees to reduce NPLs
EconomyBankinga year ago, share prices of Greek banks went through a period of turbulence that saw the value... in effect after a one-year grace period to fully set up their operations. NPE numbers In its latest financial stability report, the BoG noted that in the first half of this year the Greek banks sold 3.6
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BoG data shows drop in card usage in first half of 2019
EconomyFeaturesof this year compared to the second half of last year. The total number of card transactions stood at 438.3 million in the first six months of the year, dropping by 16 percent compared to the final six months... the jump in tourism revenue which is typically seen in the third quarter of each year. This increase
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Apartment prices rise by 9.1 pct in Q3, hitting series high
EconomyMacroeconomyThe rise in the nominal value of apartments in Greece came to 9.1 percent year-on-year (YoY... the first nine months of the year, building permits rose by 7.9 percent. Total permits in the aggregate... year, construction confidence has dropped by 8.6 points.
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