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  1. Review delay brings Greek liquidity needs back into focus
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    are not evenly split during the course of the year. Almost two thirds are concentrated in July, when.... They stand at just 390 million in the last quarter of the year. It is not clear at the moment whether... half of the year. Another 6.76 billion euros is due in July. Even if the government manages to find

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  2. New overdue taxes rise by 890 mln in Nov, total stock up to 94.2 bln
    Photo by MacroPolis

    EconomyMacroeconomy

    showed new overdue taxes amounted to 12.63 billion, up by 6.7 percent from last year’s figure... of unpaid taxes each month. Around one third (4.18 billion) of the year to date unpaid taxes stemmed... year target of 2.05 billion. The collection of new tax debt (excluding non-tax categories) edged up

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  3. PMI rises to 49.3 in Dec but likelihood of growth remains slim

    EconomyMacroeconomy

    the worst quarter of the year for Greek goods producers.” For 2016, Markit stressed “it has been a challenging year for the sector, which continues to remain well short of a full economic recovery. Firms will be hopeful that the new year can bring renewed growth, but until consumption picks up and can

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  4. Survey highlights strain on mental health in Greece amid financial pressure
    By Panayiotis Tzamaros/Fosphotos

    Society

    its last survey. One in five respondents said that last year they were unable to feed themselves... in the previous month. Women (61 percent), as well as those in the 25–39 year age group (56.8 percent), those... and those with chronic health problems – stating they did not seek medical care in the previous year

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  5. In latest review of loan quality, BoG says capital ratios to remain high after targeted NPE reduction
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyBanking

    ) have been non-performing for more than one year. The breakdown displayed 81 percent of consumer, 75...’ cumulative provisions increased by 2 billion from last year to 53.8 billion at the end of June. The stock... billion, almost 1 billion above the respective figure a year ago and mostly relate to denounced loans

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  6. Stocks drop 1.3 pct during week with light trading volumes

    Economy

    is the second lowest reading in the first two weeks of the year. Overall, the Greek market is up 1.3 percent... the beginning of the year. The top outperformers this week included Terna Energy (+2.1 percent), Grivalia... million euros in December and at 913 million for the whole year. In addition, their participation

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  7. Building activity resumes downswing falling by 5.7 pct in October
    Photo by Giannis Papanikos/Fosphotos

    EconomyMacroeconomy

    successive year. Over the past ten years, building permits have tumbled by more than 86 percent. Meanwhile, apartment prices fell by 0.6 percent quarter on quarter and by 1.5 percent year on year

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  8. Higher number of firms and employees, increased average wage in private sector in 2016
    Photo by Aggeliki Koronaiou/Fosphotos

    EconomyMacroeconomy

    , while the number of unique employees is higher by 82,679 from last year. Almost three quarters of firms... also 541 large corporates employing more than 250 employees each. As it was also evident last year... the previous year at 53.6 percent in 2016, while the respective rate for females stood at 46.4 percent

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  9. Current account deficit of 1.2 bln in Nov turns 11-month balance negative
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    billion a year ago, Bank of Greece (BoG) figures showed on Friday. The modest deterioration reflects.../A balance in October, the year-to-date figure turned to a deficit of 170.5 million in the 11-month from.../A surplus stood at 989.6 million. The deterioration by 1.16 billion euros from last year largely reflects

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  10. No fear of the bear? Bilateral economic relations between Germany and Russia
    Photo by Kostas Tsironis/Fosphotos

    Agora

    . In 2015 German exports to Russia declined by 26 percent compared with the previous year. The decline... half of the year. Direct investment rose to 2.05 billion euros in the first nine months of 2016...”. These must include a multi-year commitment to invest at least 750 million roubles ($11.8 million) in Russia

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