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Report shows Greek tax burden increased in 2015, remaining above OECD average
EconomyMacroeconomyincreased further by 1 percentage point (pp) to 36.8 percent of GDP in 2015 and remained above..., higher growth rates compared to the Greek ratio increase of 1 pp were recorded by Mexico (2.3 pp) and Turkey (1 pp). It is worth noting though that excluding social security contributions, the Greek
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Bank of Greece reveals lenders' NPE challenge and sets out path to recovery
EconomyMacroeconomythat the NPL ratio is expected to drop by 18 percentage points (pp) from 38 percent in June to 20... and shipping just 1 percent. In addition, the consumer and housing loan portfolios will contribute..., 1 percent better than the target of 106.9 billion, while the respective ratio stood at 51 percent
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Newsletter 105 - 03/02/2017
and its lenders in place by the February 20 Eurogroup. This would mean the institutions’ mission... proprietors eased by 2 bps to 7.34 percent. The new time deposit rate of Greek households slipped 1 basis... loans showed mixed trends, as the rate for loans between 250,000 and 1 million euros rose by 22 bps
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IMF examines how Greece accumulated large pile of unpaid taxes and contributions
EconomyProgrammeof the total figure. In contrast, 1 percent of debtors owe more than 1 million euros each, accounting for 80... that the respective debt stands at more than 20 billion or about 12 percent of GDP, with the bulk... remains very low at around 1 percent, while the lion’s share of SSC could be considered uncollectible
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Greece, lenders tie up some loose ends and continue negotiating
EconomyProgrammea sharp reduction in the tax-free threshold and cuts in main pension yielding savings of 1 percent... of 1.8 billion euros (1 percent of GDP). The government proposed a reduction in the lower tax rate from... of both measures and counter-measures as of January 1, 2019. However, this is subject to Greece
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Bond issue decision expected as clock ticks down
PoliticsGreek Politicsthe International Monetary Fund’s executive board meets on Thursday, July 20. It is clear that Athens... Panos Kammenos’s intervention in the Noor 1 drug smuggling investigation. New Democracy still feels... Giannousakis, the owner of the Noor 1 cargo ship which was seized with almost 2 tons of heroin on board
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NBG reports net loss of 35 million in Q3, NPEs fall for sixth quarter
EconomyBankingnegative formation of 116 million in corporate loans, -20 million in consumer loans, and -12 million... (ELA) funding from 3.8 billion in June to 2.3 billion in September. At 1 billion euros in October, NBG... Equity Tier 1 (CET1) ratio stood at 16.8 percent in Q3, while the fully-loaded Basel III CET1 ratio
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Newsletter 152 -23/02/2018
to the state from May 1, the divestment of lignite units followed by the sale of 17 percent... Mechanism head Klaus Regling. The 5.7-billion-euro tranche will later be followed up by another 1 billion... politicians were bribed by the pharmaceutical giant. During a debate lasting more than 20 hours, New
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Green light for next bailout funds as Commission stands ground on post-MoU scenarios
EconomyProgrammetowards the growing cash buffer and 500 million euros will be used to reduce state arrears. Another 1... from May 1 onwards and the full 1 billion euros will be destined for arrears clearance. The ESM also... of about 20 billion euros that will cover its debt servicing needs until the end of 2019. He reportedly
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Piraeus Bank makes net profit of 12 mln in Q4, edges into profitability for 2017
EconomyBankingto roughly 1.9 billion euros. Piraeus Bank expects to reduce the NPE balance to under 20 billions..., EFSF/ESM bonds were down to zero by the end of January 2018. Gross loans further contracted by 1... percent in 2017 to 40.9 billion. Total deposits rose by 1 percent annually to 42.72 billion. IFRS 9
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