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EC tweaks forecasts, sees 2023 growth at 1.2 pct
EconomyMacroeconomyin 2024 is now seen at 2.2 percent, from 2 percent in autumn. Price growth during 2022 was 9.3 percent, while a 4.5 percent is expected this year and 2.4 percent in 2024. These estimates are revised...The European Commission updated its estimates in the latest winter forecasts, essentially retaining
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Newsletter 403 - 24/11/2023
will also double in growth to 4.6 pct, from 2.2 pct this year. Inflation is also seen moderating... as the outcomes fall short of the bullish estimates. In its first budget submission for 2020 after..., the 11.7 pct rise did not meet the expectations. The bullish estimates for investments growth were
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Newsletter 35 - 17/07/2015
, higher than the IMF’s estimate of 1.5 billion. Moreover, assuming the implementation of the fiscal... be lowered by SMP and ANFA income of 7.7 billion to 74 billion, which is its official estimate for the net...Funding needs seen over 80bln Slight differences with IMF funding estimates In a 12-page assessment
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With troika OK pending, 2014 budget sees primary surplus at 1.6 pct of GDP
EconomyMacroeconomyto remain broadly stable at 2.2 percent of GDP in 2013 and at 2.3 percent in 2014 (3.96 and 4.27... expected to be collected by March 2014. These revenues mainly relate to Bank of Greece estimated dividend... estate property tax, which will replace the current property levy from next year, are estimated
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Snap elections in Greece bring state's liquidity constraints into focus
Economy. These mainly comprise of interest payments (2.2 billion) and IMF repayments estimated at 1.6 billion. On top... billion has already been used. b) Cash reserves of the central government, which are estimated at 1
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European Commission evaluates impact of bailout programme
EconomyProgrammeannual impact is planned for 2016 at 2.2 percent of GDP. Note that the adjustment for 2015 is seen... period is estimated to stem from pension reforms (1.9 percent of GDP) followed by VAT (1.1 percent... is estimated to increase revenues by around 1 percent of GDP with current VAT revenues accounting
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Lenders' report reveals long-term savings from pension reform, which also offset court ruling
EconomyProgrammeand in May is seen at 1 percent of GDP in 2016, rising to 1.7 percent in 2018 and further to 2.2 percent... year’s measures, including the curtailment of early retirement rights, are estimated to have..., those measures are estimated to yield savings of 1.4 percent of GDP in 2019, 1.6 percent in 2020 up
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Alpha Bank reports net losses of 16.8 mln in Q2
EconomyBankingAlpha reported net losses of 16.8 million euros in the second quarter (Q2) of 2016 from 2.2 million... to be launched in the second half (H2) of the year. The annual befit is estimated at 35 million euros. During.... The annual benefit from the repayment of pillar II bonds is estimated at 48 million. The ongoing
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Details of technical agreement between Greece and lenders set out in draft sMoU
EconomyProgrammeto the state. Privatisation proceeds for 2018 and 2018 are estimated at 2.2 and 2.3 billion respectively...). The streamlining of welfare benefits with estimated savings of 70 million involves a reduction of the heating
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Piraeus Bank records net losses of 6 mln in Q1, further reduction in NPE stock
EconomyBanking. The cost of risk stood at 2.2 percent in Q1 and management expects a lower figure between 150-200 bps... is estimated to be achieved mostly via write-offs (6.5 billion) as well as restructuring, collections... from Piraeus’ core assets versus the current 65 percent. PLU loans are estimated to decline from 37
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