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Newsletter 147 -19/01/2018
the government is the pension cuts and the lowering of the tax-free threshold, which were voted through... of GDP, with the reductions to pensions due in 2019 and the lowering of the tax-free threshold lined up for 2020. The International Monetary Fund has suggested that the reduction to the tax-free
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For better or worse: Greece's bailout exit deja vu
Agoraand a lower tax-free threshold for 2019 and 2020 and that all these constitute a fourth programme... around half of its volume as “a rope around Greece’s neck.” Pension cuts and tax-free threshold..., by expanding the tax base through lowering the tax-free threshold. Greece was also granted the right
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Newsletter 299 - 04/06/2021
Cavusoglu visit free of drama Positive mood during Turkish FM’s Athens talks; new insolvency..., which was free of the verbal clashes that marked the Greek diplomat’s recent visit to Ankara... on improving confidence-building measures. Cavusoglu's trip was free of the verbal clashes that marked
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National Bank starts 2014 posting net profit of 181 mln in Q1
EconomyBankingprofit landed at 181 million from 27 million last year mainly reflecting soaring pre-provision income... one-off items mainly related to deferred tax asset, the bank posted operating profit (before tax... income at 438 million in Q1 is mainly driven by cost cutting (down 10 percent), while revenues improved
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IMF report sees a number of risks lying ahead for Greece
EconomyProgrammeremains subject to notable downside risks, according to the IMF, mainly involving fiscal slippages...) Cancellation of uncalled guarantees. This mainly refers to bonds issued in 2009 to an extra-budgetary fund... fiscal outlook are broadly balanced. The upside risks mainly involve higher than estimated tax
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HFSF 2013 annual report unveils accumulated losses of 15.1 bln and potential recovery value of 34.4 bln
EconomyBankingby 9.61 billion, which corresponds to the Fund’s loss for 2013. The latter mainly incorporates... for 2012 amounted to 5.33 billion and is mainly related to the impairment of HFSF investment in New Proton (295 million) and impairment loss from the fund’s receivables from banks under liquidation mainly
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Eurobank reports net loss of 301.1 mln in Q2
EconomyBankingmillion. Net interest income (NII) rebounded 2.2 percent QoQ to 375.3 million, mainly reflecting..., yet dropped 10.7 percent year on year (YoY) in the first half, mainly attributed to an 11.3 and 12.4... mainly stems from mortgages and - to a lesser extent - from the corporate sector. The management noted
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Current account surplus reaches 1.68 bln in July thanks to services
EconomyMacroeconomy. The travel services’ surplus in particular hiked 15.1 percent to 2.55 billion euros, mainly stemming.../A balance mainly reflects a significant widening in the services’ surplus (by 1.7 billion) followed... from an equal percent increase in travel receipts, mainly reflecting soaring non-resident arrivals
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Greek Q4 GDP QoQ drop revised to 0.4 pct, 2014 growth at 0.7 pct
EconomyMacroeconomy. The slowdown of domestic economic activity in Q4 mainly reflects the political uncertainty that emerged..., mainly reflecting the above 3 percent YoY contraction in each of the first two quarters of 2014... a cumulative drop of almost 22 percent since 2008. This mainly results from a nosedive in disposable
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Alpha Bank net losses rise to 440mln in Q4 2014, NPL ratio at 33 pct
EconomyBanking) of 2014 from 156.9 million in Q3. The widening of bottom-line negative results mainly reflects a jump... euros from 282.2 million in Q3, mainly due to higher operating expenses. On the revenue front, net... and extraordinary costs) rose by 9.6 percent QoQ to 356.4 million euros, mainly reflecting increased
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