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Second day of review yields progress, work needed on fiscal front
EconomyProgrammeto a finance ministry official, the discussions on next year’s budget are based on three scenarios... scheme of primary residence protection expires at the end of the year, all foreclosure restrictions... administration. Energy ministry officials must have breathed a sigh of relief following the half year results
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Parties gear up for clash over escalating migration challenge
PoliticsGreek Politicsof measures, including the return of 10,000 migrants to Turkey by the end of next year, a faster... figures, of more than 45,000 people who have arrived in Greece this year, around 20 percent are Syrians, who are eligible for asylum. Almost 39 percent of this year’s arrivals were from Afghanistan, 9.5
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Court verdict on 2016 pension reform seen having fiscal impact
Economyjudgements, which the government hopes to table in Parliament before the end of the year. The draft... billion euros. Late last year, the SYRIZA administration settled the longstanding demands.... Also the Council of State issued a final ruling earlier this year, deeming cuts to the Christmas
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Athens waits for credit rating upgrade as 10-year yield drops to new low
Economy2029 that was issued earlier this year. Greece’s debt managers managed to achieve a reoffer yield... measures and set in motion the successful completion of the third programme in August of last year..., however the growth estimates for this year have been trimmed down in the draft budget to 2 percent
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Disposable income rises by 5 pct YoY in Q2, final consumption up by 1 pct
EconomyMacroeconomyGreek household disposable income grew by 5 percent year-on-year (YoY) in the second quarter (Q2) of 2019, increasing from the rise of 4.9 percent noted in the previous quarter, according to Hellenic... billion euros compared to 30.95 billion euros a year ago. An increase of 8.2 percent was noted
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S&P raises Greek rating to 'BB-' on reduced fiscal risks, lifting of capital controls
Economyrequirements into 2023, while the government gross and net debt-to-GDP ratios will decline from this year... collective wage negotiations were reversed this year. The agency views the current government's labour... in June this year. Additionally, Greek banks have an improved framework at their disposal
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Piraeus sets ambitious NPL targets with Intrum deal as banks prepare securitisations
EconomyBankingservicers collectively managed 17.5 billion euros up to June this year. Additionally, the new company also... in the first half of next year. Another two NPL securitisations are in the works with a value of 1... forward the securitisation of its bad loans by one year to 2020 rather than 2021. The bank
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Changes to primary residence protection proposed in bid to draw more applications
EconomyFeaturesby the Commission earlier this year, Greece’s banks adjusted their mortgage frameworks to account.... However, given that the deadline for applications is at the end of the year, there is limited time... for protection had risen in the first quarter of the year when authorities had expected them
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Car sales rise slows to 5.3 pct in October
EconomyMacroeconomyRoad motor vehicles going into circulation for the first time rose 8.6 percent year-on-year (YoY) in October, following an increase of 22.9 percent in September, Hellenic Statistical Authority... share with more than half of those sales. The aggregate figure for the first ten months of the year
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PM to oversee tweaks to tax bill as constitutional revision enters final round
PoliticsGreek Politicsany possibility of snap elections being called early next year, when the five-year term of current... the attendance at close to 20,000 people, making this year’s march bigger than in recent years. While
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