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Time deposit rate edges down to 0.76 pct, loan rate spikes to 5 percent
EconomyMacroeconomypace, by 3 basis points (bps) to 0.76 percent in October, after a decline by 8 bps in September, Bank... new deposits marginally down by 1 bp to 0.37 percent, which is also a new historic low since 2002... for amounts over 1 million euros, where the interest rate climbed 97 bps to 4.91 percent and more than
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Newsletter 105 - 03/02/2017
and tobacco dropped by 8 percent, followed by department stores (-4.4 percent) and motor fuel (-4.1... proprietors eased by 2 bps to 7.34 percent. The new time deposit rate of Greek households slipped 1 basis... loans showed mixed trends, as the rate for loans between 250,000 and 1 million euros rose by 22 bps
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IMF sees much scope for reform progress, particularly on tax in Article IV report
EconomyProgrammeto a eurozone average of just 8 percent. Therefore, the IMF concludes that the current structure... in 2019 and 2 percent in 2020, while long-term growth is expected at around 1 percent. Under an adverse scenario with no further policy reform implementation, GDP growth is seen at 1 percent
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Tsakalotos and Stournaras raise objections to IMF assumptions
EconomyProgrammeits long-term growth assumption from 1.25 percent to 1 percent, which is an oxymoron, according... income tax compared to a eurozone average of just 8 percent. Tsakalotos stresses that the argument... Greece’s fiscal outperformance in 2016 and reduction in long-term growth rate from 1.25 to 1
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Q1 GDP provides a positive surprise with 0.4 pct quarterly growth
EconomyMacroeconomy(YoY) in Q1, after a drop of 1 percent in Q4 2016. The flash estimates had shown that Q1 GDP contracted.... Meanwhile, general government consumption rebounded by 1.3 percent QoQ and 1 percent YoY, taking final... by 4.5 percent QoQ and grew 8 percent YoY. The latest figures from the Bank of Greece (BoG) showed
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Industrial turnover falls by 0.8 pct in Sept, down for first time since Oct 2016
EconomyMacroeconomyby an increase in mining and quarrying by 10.6 percent, along with a fall of 1 percent in manufacturing..., capital goods by 7.2 percent and consumer non-durables by 1 percent. Intermediate goods were up by 9.7... manufacturing, coke and refined petroleum products is the most weighted category, and fell by 8
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General govt primary cash surplus at 6.68 bln in October, arrears rise by 9 mln
EconomyMacroeconomy(+1 million). At 30.5 percent, arrears of SSFs made up the majority of arrears during the month... and came to 2.38 billion euros, or under 1 percent of the total. Guarantees The stock of gg... make up 21.5 percent of the total guarantees, fell by 8 million during the month. Bank support
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Athens poised to unveil new minimum wage as post-MoU review continues
EconomyProgramme, the IMF maintains its long standing position that growth will retract to just above 1 percent, when... will then be issued by Labour Minister Efi Achtsioglou so the new minimum wage can be implemented from February 1... and maternity benefit. According to reports, the increase will reach 8 percent, taking the new
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Athens eyes implementation of name deal as Skopje homes in on NATO membership
PoliticsForeign Policy1, paragraph 1 (a) of the Agreement, which foresees "the technical transitional period shall relate... in accordance with Article 1 (3) shall commence at the opening of each EU negotiating chapter... of the Joint Inter Disciplinary Committee of Experts as foreseen in Article 8 paragraph 5 "to revise any
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Newsletter 216 -26/07/2019
percent for properties ranging from 80,000 to 1 million, which relates to 1.5 million middle class taxpayers, and 10 percent for the 14,706 people who own property worth more than 1 million euros... to Greeks saving another 1 billion euros. The Finance Ministry hopes that a good deal of this money will go
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