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S&P raises Greek rating to 'BB-' on reduced fiscal risks, lifting of capital controls
Economyare realized, Greece's so far relatively modest economic recovery may pick up.” The government plans... the business environment, by lowering administrative burdens to speed up investment and remove
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ND looks to asylum bill, strong rhetoric to ease pressure from migration flows
PoliticsGreek Politicspressure on the conservatives, even from within ND’s own ranks. There appears to be no let-up... and commentators often refer to the need to tighten up security in the Aegean and on the land border
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Airport privatisation set for take-off as more sales head for runway
EconomyFeaturestenders. Reports suggest that there are hopes the privatisation could raise up to 1.5 billion euros... difference in New Democracy's approach, however, is that all of the 65 percent stake up for grabs
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Loan interest drops to 4.59 pct in September
EconomyMacroeconomy-financial corporations the rate edged up to 0.16 percent from 0.14 percent. The average interest rate on deposits from households with an agreed maturity of up to one year decreased by 9 bps to 0.45
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Piraeus sets ambitious NPL targets with Intrum deal as banks prepare securitisations
EconomyBankingservicers collectively managed 17.5 billion euros up to June this year. Additionally, the new company also.... Hercules aims to take up to 30 billion euros in bad loans of the balance sheets of Greece’s systemic
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Changes to primary residence protection proposed in bid to draw more applications
EconomyFeaturesof the proposal. Once a contract is signed, monthly state subsidy payments will begin for terms lasting up to 25 years. In taking up the scheme and redesigning loans that have run into trouble, banks will also
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Looking to build on support for relief measures, ND unveils new tax bill
PoliticsGreek Politicschallenge facing Greece. The tax bill picks up where the first round of legislation tabled... will run for a duration of up to 15-years and will include the benefit of no inheritance tax
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Sino-Greek engagement: Path to 'win-win cooperation' is not always linear
Agorawould be very welcome.” (Kathimerini, 26. September 2019). Such ambitious rhetoric is backed-up... Investment came up short in their bid to buy National Bank of Greece SA’s (NBG) insurance unit Ethniki
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Watchdog raid strains testy relationship between banks and govt
EconomyBankingcustomer charges for various services in the domestic market. The raid lasted up to the late hours... government would like to have with the bankers during its term. The clean-up of the banks’ balance sheets via
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IMF consultation report pinpoints health of Greek banks as central to growth
EconomyBankingtake up by banks and borrowers. At the same time, liquidations of non -viable companies have... Greece closer to the euro area average by end-2021. Banks should build and clean up capital
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