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Exports produce strong finish to 2024 but trade deficit up 8 pct to 34.61 bln
EconomyMacroeconomypercent. Excluding the impact of oil products and the value of ships, imports increased by 1 percent
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Early rounds of talks with lenders focus on possible prior actions
EconomyProgramme. These measures involve: 1) Changes in the laws for hirings in the public sector, settlement of tax arrears... that the institutions have asked for the abolition of the new solidarity levy rate of 8 percent...’ prescription. 8) Reduction in the military spending by 200 million euros in 2016, including
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Newsletter 257 -07/07/2020
will be covered by a rise in debt between 8 and 10 billion euros and through the use of cash reserves by 5-7... 1 percent of the 20 million euros spent across print, internet and TV went to opposition-friendly..., Greece’s employment growth is set to fall by 3.5 percent this year and by 1 percent next year. Under
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PM's strategic bet on Israel meets domestic blowback over Gaza
PoliticsGreek Politics, Mitsotakis has taken steps to recalibrate Greece’s stance. On August 8, he spoke with Palestinian... in the Gen X age group. The same poll indicated that 35 pct of Greeks feel that Israel is responsible
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Piraeus Bank posts net profit of 185 mln in 2018
EconomyBanking. Gross loans edged up by 1 percent QoQ to 53.1 billion in Q4, falling by 12 percent YoY. New loan... reported that across the last 12 months, NPE reduction has come to 5.5 billion euros, and the bank...-off item, operating expenses declined by 8 percent YoY. Recurring operating expenses amounted to 250
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PDMA releases details of 10-year bond, highlighting strong interest
Economyby Greece at 12 percent, then Germany/Austria at 9.5 percent. The US represented 8 percent... initially for 2 billion, with a coupon of 3.875 percent, maturing on March 12, 2029. The final price... well during its first month of trading and since issuance the yield has dropped by nearly 1
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Newsletter 269 -16/10/2020
to extend its territorial waters from 6 to 12 nautical miles or lose all credibility in Progress... currently extend 6 nautical miles, adding that the option of extending to 12 miles will be exercised... economy contracted by 15.2 pct year-on-year in the second quarter and is just short of 8 pct lower
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Gov't lowers tax-free threshold, prepares for third pillar of measures worth 1 pct of GDP
EconomyProgrammereforms but also on other measures, each yielding 1 percent of GDP to a total of 3 percent of GDP (5.4... percent, expected to be effective from July 1 and with estimated revenues of around 450 million euros... with lenders and would yield 0.35 percent of GDP involve: As of June 1 Increase in the excise tax on gasoline
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IMF preliminary DSA finds Greek debt unsustainable, points to need for debt relief
EconomyProgrammeof Greece fell to less than 1 billion at the end of May against a target of 5 billion in 2015 and 8... 36 billion. These additional funding needs stem from: 1) Lower fiscal targets (additional needs... targets for the next years: at 1 percent of GDP for 2015 (from 3 percent), 2 percent in 2016 (from 4.5
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Newsletter 157 -30/03/2018
will be released on Wednesday, with another 1 billion to follow for arrears clearance after May 1... to be tabled after Greek Easter, which is on April 8. When speaking to the European Parliament’s... pensions (and possibly cutting the tax-free threshold for incomes) by 1 percent of GDP in 2019
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