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BoG outlines steps to economic recovery, updates on banks' asset quality
EconomyMacroeconomyinvolve: 1) Further strengthening of the banking system by addressing the huge stock of non... than the quantitative revenue targets. 4) Consolidation of public finances and social security system..., Greek banks’ Common Equity Tier 1 (CET1) and total capital adequacy ratios reached 18 percent
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CPI falls at a slower pace of 0.5 pct in February
EconomyMacroeconomy, while goods index fell by 1 percent. The drop in February CPI is mainly attributed to a decrease in housing prices by 4.7 percent followed by transport (-4 percent) and miscellaneous goods... in the clothing and footwear sector (-5 percent), while prices in transport and household equipment also fell 1
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Jan-Feb budget primary surplus soars to 3.04 bln, aided by underspend and PIB revenues
EconomyMacroeconomy(PIB) revenues, which grew by more than 1 billion euros from last year, coupled with an increase...: 1) Grants to hospitals (at 156 million corresponding to 9.6 percent of the full-year target of 1.63... of the full year target of 1.57 billion) 4) Transfers to other entities (at 113 million, corresponding
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Newsletter 68 - 01/04/2016
and indirect taxes, each yielding 1 percent of GDP. On the pension front, on top of measures already... percent. What remains under discussion are the other tax revenue measures yielding 1 percent of GDP... with the authorities in Athens on April 4, with the government aiming for initial agreement
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General government primary cash surplus triples to 3 bln by February, arrears climb to 6.1 bln
EconomyMacroeconomyof 2016 from 1 billion in the corresponding period last year, the Finance Ministry (MoF) gg bulletin... respectively, while social security funds posted a modest surplus of 4 million from deficit of 195... to 13.3 billion primarily attributed to a notable rise in transfers by 1 billion to 2.07 billion, while
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Government faces tight schedule for amendments to bailout legislation
EconomyProgramme) and Athens metro (Attiko Metro) and are worth 4 and 2.07 billion respectively. In addition, public... actions by June 1, before the meeting of the ECB Governing Council on June 2, which is expected... sub-tranche. Houliarakis said that 1.8 billion euros (1 percent of GDP) of this amount will be used
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Newsletter 77 - 10/06/2016
cumulatively 10 billion in the next 25 years, while is expected to result in an incremental rise of 1..., electricity production slipped 1 percent. Mining and quarrying plummeted 24.3 percent. The comparison of the seasonally adjusted data with the previous month showed the IPI grew by 4 percent month
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Budget primary surplus of 2.28 bln in first five months of 2016, tax revenues beat target in May
EconomyMacroeconomybetter than target. According to the breakdown, salaries and pensions fell 1 percent in May and 2.6... are proportionally in line with the annual target, while the recorded underspend is mainly attributed to: 1... of the full year target of 1.57 billion) 4) Transfers to other entities (at 375 million
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Stable rate in time deposits, corporate loan rates pick up in July
EconomyMacroeconomyto 6.18 percent. Lower rises were recorded for amounts over 1 million euros (+16 bps) and for amounts between 250,000 and 1 million euros (+6 bps). As a result, corporate loan rates in Greece remain 250-350... increase in housing floating rate to 2.76 percent, while the rate for sole proprietors edged up by 4 bps
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One-off loss affects NBG’s P&L, NPE stock drops by 900 mln in Q2
EconomyBankingmillion, mainly reflecting lower costs related to pillar II bonds. Net interest income (NII) edged up 1... Assistance (ELA) funding as well as lower deposit cost. Fee and insurance income rose by 4 and 30... from 92 percent in the previous quarter remaining the lowest among core banks. The Common Equity Tier 1
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