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Primary surplus inches up to 2.9 pct in Greece's 2015 draft budget
Economyin the number of installments for unpaid taxes and social security contributions (from 12 up to 100... execution in 2014. The 8-month budget primary surplus stood close to 2 billion euros, outperforming... with To Vima, Staikouras said that under current estimates 2014 primary surplus is estimated at 2
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Troika and Greece in stalemate over budget targets, prior actions as time ticks away
EconomyProgrammethat the recently voted law on settling unpaid taxes in up to 100 installments would create... its fiscal gap projection to less than 2 billion euros. Although Parliament voted an amendment... the 2 percent included in the draft budget published on October 7, but above the Medium-Term Fiscal
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Greek time deposit rate falls to 1.82 pct in Dec, lowest during euro membership
EconomyMacroeconomy. For the whole year the time deposit rate recorded a drop of 100 bps on the end-2013 figure of 2.82 percent... mid-2010. However, the current rate remains around 2 percentage points higher than the euro area average... cards) marginally rose by 2 bps to 14.50 percent. Overall, the average loan rate in all lending
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Piraeus Bank net losses at 332 mln in Q4 2014, NPLs drop under 39 pct
EconomyBankingincreased by 11 percent QoQ in Q4, while loan NII fell 2 percent. The double-digit rise in operating... synergies and 100 percent of funding synergies related to the acquisition of 5 banks (ATEbank, 3... of seasonal agricultural loans in December (that were fully repaid in February), gross loans slipped 2
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This is how Greece kept its budget on track in Q1
Agoraof tax arrears in up to 100 installments. According to a Finance Ministry announcement, revenues from... of the annual target of 1.12 billion. 2) Only 95 million euros, or just 6.6 percent of the annual target of 1.44... percent of the annual target of 1.57 billion. 2) Agricultural subsidies at 65 million in Q1
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Finance Ministry wavers as revenues remain at the forefront
EconomyProgrammenewspaper reported that the outflow on Tuesday rose to 300 million euros from an average of about 100..., local media report that the fiscal gap is seen at around 2 billion by the institutions and below 1... Tuesday (June 2).
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Greece and lenders fail to bridge their differences in Brussels
PoliticsGreek PoliticsCommission sources suggested to the media that the two sides still have differences over 2 billion euros... advertisements (100 million). The Greek government sent at a later stage a revised proposal raising... demanding a primary surplus of 1 percent for 2015 and 2 percent for 2016. On the pension front
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IMF preliminary DSA finds Greek debt unsustainable, points to need for debt relief
EconomyProgrammetargets for the next years: at 1 percent of GDP for 2015 (from 3 percent), 2 percent in 2016 (from 4.5 percent) and at 3 percent for 2016 and beyond (from 4.5 percent). 2) Lower privatization proceeds... remain above 100 percent of GDP for the next three decades. Doubling the maturity and grace period
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Draft bill sees millions in savings and revenues from variety of bailout interventions
EconomyProgramme. 2) The rise in the advance payment of tax for farmers (from 27.5 percent to 55 percent) and self-employed (from 55 percent for 2014 income to 75 percent for 2016 income and to 100 percent for 2016... basis from the abolition of certain taxes and contributions. 5) The abolition of the 2 percent
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European Commission evaluates impact of bailout programme
EconomyProgrammeage of 67 years. 2) Increasing health contributions for pensions to 6 percent (from 4 percent... a closer link between contributions and benefits. 2) Broaden and modernise the contribution and pension... percent as of 2016 and the increase in the advance payment for corporate income from 75 to 100 percent
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