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Greek Pharmaceuticals: The little pill with big potential
EconomyFeatures, since 2011 to 2014 the Greek rate of death in absolute terms has consistently overtaken the birth rate. In 2012, the birth rate fell below 100,000 a year for the first time since ELSTAT’s records began...-cutting exercise. According to IMS Health Holdings Inc, who track drug consumption, generic drugs have
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PDMA sets 2020 goals to build on improving conditions for debt
Economy, substantially limiting interest rate risks in the debt markets. With the average maturity of Greece’s debt at 21... percent from 2024 onwards, inflation at 2 percent, an average effective rate on the debt at 3.4... regular market operations, 2) Lower funding costs further, 3) Contain interest rate, FX and refinancing
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Cost of Greek corporate loans rises in April, remains well above euro average
EconomyMacroeconomyAfter remaining stable for the past five months, the interest rate on households’ new time deposits... and remained well above the euro area average, according to the Bank of Greece (BoG). This rate had... the sharp drop in 2013, the interest rate in Greek new time deposits remains persistently above
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This is what's in the legislation Greece has to approve by Wednesday night
EconomyProgramme. VAT On VAT, the draft bill sets the new basic rate at 23 percent. For pharmaceuticals, books and theatre a super-reduced rate of 6 percent (from 6.5 percent) is applied, while basic food, energy, hotels and water (excluding sewage) there will be a reduced rate of 13 percent. Products and services
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New overdue taxes rise by 377 mln in July, total stock above 102 bln for second month
EconomyMacroeconomyof 392 million noted in June. The VAT collectability rate declined slightly to 85.6 percent from 89.2 percent in June, which had been the highest rate in the year to date. The amount of VAT due..., the VAT collectability rate came to 84 percent for the first seven months of the year, with 5.73 billion
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Greek loan rates remained well above euro area average in October
EconomyMacroeconomyThe interest rate on households’ new time deposits was further reduced by 14 basis points (bps...-to-date (YtD) time deposit rate contraction to 88 bps, largely reflecting changes in the last seven..., while T-Bill yields remained broadly stable. During the recent crisis years, time deposit rate peaked
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Minor movements in Greek deposit and loan rates in April
EconomyMacroeconomyThe interest rate on Greek households’ new time deposits eased by 1 basis point (bp) to 1.82..., and despite the extended outflows of 31.5 billion euros, the time deposit rate has remained at its lowest... around 98 percent of market deposits Although the time deposit rate in Greece is close to its
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Newsletter 91 - 07/10/2016
income tax reform (772 million), changing the rate of and extending the solidarity levy (678 million) and increasing the excise on fuel (440 million) and the VAT rate from 23 to 24 percent (218 million... percent projected by the government and commission. The IMF also sees the unemployment rate edging
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Unemployment in Greece falls to 19.5 pct in May, below 20 pct for first time since Sept 2011
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate in May edged down to 19.5 percent from a downward revised rate of 20 percent in April, Hellenic Statistical Authority’s (ELSTAT) data showed on Thursday. The unemployment rate in May last year was 21.7 percent. The latest rate is the first time
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Unemployment at 19.1 pct in June, under 20 pct for second month
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate fell to 19.1 percent in June from a downward revised rate of 19.3 percent in May, the Hellenic Statistical Authority’s (ELSTAT) data showed on Thursday. The unemployment rate in June last year was 21.3 percent. The latest figure marks the second
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