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Pension reform brings painful overhaul in social security contributions for self-employed
Economyto declared net income (revenues minus expenses) without any insurance grade or discrimination between old... calculation is based on the application of a 20 percent rate on net income for main pensions, 7.5 percent... the strong opposition raised by all self-employed federations, Katrougalos formed a committee
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Jan-Feb budget primary surplus soars to 3.04 bln, aided by underspend and PIB revenues
EconomyMacroeconomyin net revenues by more than 800 million. In addition, the 2-month primary surplus outperformed the target of 1.07 billion by 1.97 billion, which is explained by the strong underspend (primary... million in the 2-month period. This was 45 million short of the target. Overall, net revenues rose by 11.1
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Greek stocks rise 2.7 pct during week as bailout agreement nears
Economyalso posted strong gains of 5.3 and 5.1 percent respectively. On the flipside, the stocks that recorded.... Corporate news Eurobank reported on Tuesday net profit of 60 million in the first quarter (Q1... posted Q1 net profit of 10.6 million unchanged from last year with rental income up 10.9 percent to 15.4
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Greek stocks remain flat during week, banks underperform
Economyby a strong rebound of 8.2 percent on Friday. Overall, bank shares fell 3.7 percent this week... net profits fell by 41.3 percent to 3.2 million in the first half (H1) of 2016, with revenues... from last year. Titan posted a sharp drop in H1 net profit of 62 percent to 9.2 million mainly
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General govt primary cash surplus improves to 6.4 bln by Nov, arrears drop to 5.6 bln
EconomyMacroeconomya strong increase in taxes by 3.84 billion to 42.35 billion, while social contributions rebounded... and 1.7 billion in October 26 exclusively for net arrears clearance. Bank of Greece figures published... into consideration that net arrears fell by a lower amount of 727 million, we conclude that arrears of 411 million
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Gains of 2.5 pct for stocks this week amid subdued trading volumes
Economythey sharply fell by 3.3 percent. However, their strong rebound by 2.8 percent on Friday led the banking... in the previous week. Corporate news Coca Cola Hellenic (CCH) posted a rise of 22.5 percent in 2016 net profits to 343.3 million, while net sales fell by 2 percent to 6.21 billion. The Board of Directors
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Budget primary surplus outperforms in 2-month, tax revenues underperform in Feb
EconomyMacroeconomyprimary surplus beat the target by 1.27 billion euros, mostly due to strong underspend with primary... in February is fully attributed to the dividend of 734 million received from Bank of Greece’s 2016 net... million above target. Overall, net revenues fell by 1.4 percent in the 2-month period and landed at 7.99
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Stocks rise for first time in three weeks, gaining 1.1 pct
Economystarted the week with losses of 3.9 percent until Tuesday, which were outpaced largely by a strong.... Corporate news Alpha’s Q1 net profits more than doubled quarter on quarter to 48.1 million, while core... than halved to 13.1 million. Lamda Development reported a rise of 6.3 percent in Q1 net profits
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Newsletter 136 - 20/10/2017
towards the exit from the programme in August 2018. “A strong and flourishing Greece provides... euros off target. Net revenues of 34.72 billion euros missed their target by 2.29 billion. The budget... target of 3.32 billion by 753 million euros. Overall, net revenues amounted to 34.72 billion euros
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EC sees lower growth in 2017 but no concerns for fiscal targets
EconomyMacroeconomyspending on equipment in preparation for the tourist season and improved net exports. The Commission... improvement in sentiment levels not seen in years, coupled with a very strong tourism season, will boost... year. Net exports will also benefit from the benign trading environment that will also improve
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