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Moscovici upbeat in Athens, highlights elements needed for programme exit
EconomyProgrammeon this theme, Moscovici also said that he is confident that the fourth review, which has yet to get underway... for a growth plan drawn up “by the Greeks for the Greeks.” The coalition has committed to presenting... decree for the redevelopment of the Hellenikon site has been approved, the completion of the tender
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Parties clash over Novartis allegations in sign of things to come
PoliticsGreek Politics, exposing divisions in their ranks. The government’s proposal stood, though, as it has a parliamentary... the probe. He also noted that there has also been an attempted suicide, a suspect fatal car crash... the holes in a case that has not yet been fully investigated and to portray the government as trying
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Progress on new property values but concerns about energy privatisation
EconomyProgrammehave collected around 2.6 billion euros from the property levy and this year’s budget has an identical... to be worth more than 200,000 euros. A clearer picture will only emerge after a secondary panel has... in the objective values that have been proposed. There has been pressure on Athens from the lenders
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Eurosystem funding drops by 2.80 bln in February, led by ELA reduction
EconomyMacroeconomyof the year, Eurosystem funding has fallen by approximately 7.38 billion. As with the previous month... Bank (ECB) funding to 11.24 billion euros. In recent months, ELA funding has been steadily falling... with improved market access. Eurosystem funding to Greek banks has declined by approximately 100.28
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NBG reports net loss of 163 mln in 2017, bad loans continue to fall
EconomyBanking. The final quarter’s results mean that NBG has exceeded its annual NPE reduction target by around 830... formation of 25 million euros in mortgages. Since the end of 2015, NBG has achieved a net NPE... in December and added around 35 bps in capital and 270 million in liquidity. NBG has also entered
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Ankara tension and Macedonia name talks weigh down coalition
PoliticsGreek Politicsparty has urged the government to engage on these issues via the institutional route... the necessary political consensus at home. This has provided Mitsotakis with a platform to attack Tsipras.... This has given the government’s critics more ammunition. On Thursday, New Democracy spokeswoman Maria
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Complications over reforms cast doubt on June target for global deal
EconomyProgramme. The Finance Ministry has indicated that evaluators increased the values in around 60 percent of areas... finance ministers that has so far been the target for all sides. Nevertheless, it may be the case... by the lenders. PPC divestment One of the most prominent reforms that the Greek government has
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Central Athens shop closures at six-year low, mixed picture in other commercial centres
EconomyFeaturesA survey by the Hellenic Confederation of Commerce and Entrepreneurship (ESEE) has revealed that the number of shuttered shops in Athens’ city centre has dropped to its lowest level since 2012. The survey has been carried out every six months since 2010 and centres on several main commercial
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EquiFund makes official launch in bid to grow Greek businesses
EconomyFeaturesa long-term positive impact on the real economy. The fund has been created by the Greek government..., the country has the lowest levels of venture capital and private equity activity in the European Union... rather than elsewhere, therefore easing the significant brain drain that the country has experienced
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Lenders still aiming for completion of fourth review in May
EconomyProgrammeinsists that much of the preparatory work has been done, while the eurozone official pointed out... the institutions an opportunity to brief eurozone finance ministers on what progress has been made... in July. Debt mechanism One of the main issues that has to be resolved by the time a global deal
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