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Newsletter 251 -22/05/2020
and guarantees, of which 7 billion have already been spent. The main tool for supporting employment... will be provided through a range of schemes, including 7 billion euros of loans backed by the Hellenic Development... to the plan, year-round hotels and campsites will open on June 1, followed by summer season hotels
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Exposure to tourism sector a concern for banks despite effort to save season
EconomyBankingin the first half of 2019 stood at around 8 billion euros and catering came to around 1 billion euros... at a total of 24 billion euros, combining fiscal measures and guarantees, of which 7 billion have already been spent. Liquidity to businesses will be provided through a range of schemes, including 7 billion
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School re-opening decisions postponed amid opposition criticism
PoliticsGreek Politicson September 1, while the start of the school year is still scheduled for September 7, however... for schools reopening, which had provisionally been set for September 7. In her announcement...” if the circumstances are not right. The final decision on the date has been postponed to September 1. Kerameus appealed
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Newsletter 375 - 24/03/2023
was elected on July 7 in 2019 so the last Sunday that elections could be held before its time in office... on the issuance of 7 billion euros in new bonds, excluding a possible green bond. Some 4.2 billion euros... a yield of less than 1 pct, at 0.87 pct. The offers had exceeded 29 billion euros. With some
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How Greek banks were left on the brink
Agorapercent relates to corporates and just 20 percent to households. In addition, around 5 billion euros (20 percent of household and corporate outflows until March) were placed, mainly from households... loss reserves - LLRs) against credit risk rose by more than 1 billion euros in the course of Q1
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What this week's VAT changes mean for household budgets and public coffers
EconomyProgrammethat they will be effective from July 20. The new VAT law also abolished the 30 percent discount on VAT rates applied to islands starting from October 1 for islands with higher incomes, which are also the most popular destinations, to be extended to the other islands as of Jun 1, 2016. This would result
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Newsletter 36 - 24/07/2015
that the recapitalisation of Greek banks will be concluded well ahead of 1 January 2016, when the bail-in tool... – either individually or in combination. These tools involve: 1) splitting bank operations that can... for an in-depth discussion on the following issues: 1) the impact on banks’ fundamentals from the imposition
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Wide range of exacting issues lie ahead for Greece in first bailout review
EconomyProgrammebailout programme calling for pension cost savings of 1 percent of GDP (1.8 billion euros) in 2016... to legislate credible measures yielding 1 percent of GDP in total for 2017-18 to support the 2018 fiscal target... tax rates for farmers (from 13 percent in 2015 to 20 percent in 2016 and further to 26 percent
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Some progress made as Greek programme review heads for break
EconomyProgrammeafter 20 working years. For 15-20 years, the national pension would be proportionally lower... and 20,000 euros, of 550-600 euros for incomes between 20 and 30,000 euros and of up to 1,200 euros for those... scale are estimated at around 1 billion euros, while an increase in the solidarity levy rates is also
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Newsletter 187 -14/12/2018
at 18.3 pct in Q3 Rate remains under 20 percent for second consecutive quarter The Greek non.... The latest quarter is the second time since Q3 2011 that the rate of unemployment has fallen under 20... by a fall in the number of unemployed by around 34,200 quarter-on-quarter, keeping the figure under 1
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