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Newsletter 37 - 31/07/2015
lenders will agree that the recession this year could be as deep as around 3 percent of GDP. Some... with salary cuts and 10 percent in personnel layoffs. Some 3 percent said they had delays in paying... billion euros, deposits are at their lowest point in 12 years. 2 From the troika to the quartet Re
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General gov't primary cash surplus markedly better in July but arrears climb
EconomyMacroeconomyfollowing the redemption of GGBs held by the ECb of a similar amount. 2) A marked rise in repos by 6.36 billion. 3) A decline in EFSF/ESM/IMF loans by 1.85 billion largely reflecting payments to the IMF.... The monthly change fully reflects a rise in bank support scheme guarantees by almost 3 billion
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Greece failed to improve economic competitiveness in 2014, WEF report shows
Economyof the competitiveness pillars showed Greece has gained 3 slots in efficiency enhancers (currently ranked at 62nd place), which make up 50 percent of GCI, and 2 slots in basic requirements (74th). However, its position worsened by 3 slots in innovation and sophistication and is currently ranked 77th. On the basic
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Revised data shows economy shrank by higher rate of 21.4 pct from 2010 to 2014
Economy. The key changes relate to: 1) Total consumption, lowered by 4 billion to 160.39 billion 2) Change in inventories, increased by 2.88 billion 3) Lower exports and imports by 986 and 695 million... ranging from 0.1 percent for 2010 up to 1.5 percent, or 3 billion, for 2012. As a result of those
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NBG strengthens capital at deep discount, falls short of initial target
Agoraeuros to cover its total capital shortfall. This figure is higher than the 2 billion initially suggested by the management on November 3 when it presented its capital plan. This largely reflects the lower... noted on November 3 that part of the proceeds from the sale of its entire stake (100 percent
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Economic sentiment and consumer confidence improve in Dec
EconomyMacroeconomyconfidence also improved by 3 points to -61.1 in December. Consumer confidence decreased by around... trends in December. The industry confidence increased for the fourth successive month by 3 points... the year to date fall to almost 32 points The construction indicator also deteriorated by almost 2
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Cosco's 369 mln Piraeus Port improved bid accepted, seals latest privatisation
EconomyBankingincreasing its stake to 67 percent. The state will retain a 23 percent stake in OLP and 3 positions... projects until the end of June with the relevant proceeds seen at 3 billion in 2016 above the 2016 budget target of 2 billion.
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Budget primary surplus jumps to 1.19 bln in Jan, largely on rising PIB revenues
EconomyMacroeconomyof the annual target of 5.16 billion 2) Transfers to other entities of 37 million (from 60 million) corresponding to 2.9 percent of the full year target of 1.26 billion 3) Conditional expenditure of only 58.... Overall, expenditure fell 5.3 percent to 3 billion, 469 million lower than target. PIB The remarkable
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Programme review talks continue, progress on tax, pensions and NPLs at a premium
EconomyProgramme(314 million) 2) Increase in the tax rates on income from rents (142 million) 3) Increase in the tax... from annual income of 20,000 euros. The government proposed a month ago that these increase to 3
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Newsletter 67 - 18/03/2016
to the Q4 reading for 2014. The year-on-year decline reflects a rise in the number of employed by 3.... The year-on-year decline reflects a rise in the number of employed by 3 percent. Rise in long-term... to 872,200 in the long-term unemployed figures. 2 'M' is for misstep Chest thumpers strike over
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