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EU's temporary framework for state aid in response to Covid-19 outbreak
Legalinsurance. 2. Subsidized Guarantees for Bank Loans One of the most important instruments under... exception under Article 107(2)(b). 5. Short-term export credit insurance The Temporary Framework... interest rate subsidies on loans and bank loan guarantees. 2. Support for employees and unemployed
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GDP falls by 1.6 pct QoQ in Q1 and by 0.9 pct YoY
EconomyMacroeconomy2015, when there was a drop of 2 percent. Compared to Q1 in 2019, GDP shrank by 0.9 percent... QoQ and by 2 percent YoY. As mentioned, these movements led final consumption expenditure to fall... of the total figure in Q1, with private consumption representing around 77.3 percent of all final
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GDP falls by 14 pct QoQ in Q2 and by 15.2 pct YoY to reach historic low
EconomyMacroeconomyby 2 percent QoQ, while gross capital formation also fell by 4.5 percent compared to Q1. Imports... consumption represents the majority of GDP, making up around 94 percent of the total figure in Q2.... Investment As mentioned, in Q2 gross fixed capital formation fell by 2 percent QoQ and by 10.3 percent YoY
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Productivity developments in the Greek public and private sector
Agoratheir own productivity based on GVA produced per government employee.[2] These data can... is always higher in level than total economy productivity. Productivity levels for the public sector... to the same quarter of a year earlier (to avoid seasonality). Figure 2 shows the growth rates for the economy
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Govt weighs escalating impact of Ukraine war on public finances
PoliticsGreek Politics, the average price of unleaded fuel at the pump is expected to cross the threshold of 2 euros/litre. More... a total 750 million euros. Even so, Staikouras warned that the government would not be able to absorb... to 3.5 pct from the original 4.5 pct in its baseline scenario, while the adverse scenario is as low as 2
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IMF trims 1 point off 2022 growth, makes major revision to inflation forecast
EconomyMacroeconomydeterioration of the current account. This is largely due to the oil deficit that exceeded 2 billion euros... pct this year and significantly lower at 1.8 pct of GDP next year. The total deficit settles at 0.9... deficit of 1.9 pct in 2022, with surpluses increasing from 1.1 pct of GDP in 2023 to 2 pct of GDP in 2027
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NBG profits narrow to 208 mln in Q1
EconomyBankingvirtually unchanged, standing at 2 billion euros at the end of Q1, from 2.1 billion euros... million in 2021, was up by 2 pct to 373 million euros. Operating expenses in Q1 2022 were stable at 192... with the repricing of time deposits, led to an improvement of the bank’s blended funding cost to -2 basis points
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PM finalises relief measures in ambitious but risky move to sway voters
PoliticsGreek Politicsto 2 billion euros. The interventions are due to be announced when Mitsotakis makes the keynote speech... the top bracket. In total, it is estimated that this will amount to roughly 1.2 billion in foregone... and unspent EU recovery funds. By confining the ultimate volume of the package to 2 billion euros, around 1
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When will Greek banks operate as credit institutions again?
Agorasustainability of the country and could not come at a less opportune moment.[2] The second structural... bank in Greece in terms of total assets (after National Bank of Greece) and the single largest in terms..., 11th October 2013. [2] The Greek clothing retailer Sprider suspended its commercial operations
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Newsletter 7 - 12/12/2014
that the HFSF capital buffer – the unused amount of the fund’s total capital of 49.7 billion that has.... Local media reported the Bank of Greece would retain 2 billion as a precautionary capital reserve... cooperative) were resolved in 2012 and 2013 and are currently under liquidation. The bulk of their total
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