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What next for Greece's revenues and spending?
Agora. The government has not yet clarified when the ENFIA for this year will be paid, but certainly it would... an agreement for a new bailout program, meaning that more than 2.2 billion euros of the revenues... grants for the social security system. Since March, the Finance Ministry has stated repeatedly
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Retail sales down by 3.8 pct in Jan for eighth straight fall
EconomyMacroeconomyhas posted only one positive reading, of 2.4 percent in May 2015, over the last 15 months. Retail volume also declined by 2.2 percent in January after a short-lived marginal growth of 0.2 percent.... Retail turnover has been reduced by almost one third since 2009 largely reflecting a similar drop
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A breakdown of the 5.4 bln in measures that form basis of agreement between Greece and creditors
EconomyProgrammeto the first two pillars. The detailing of the indirect tax measures has not been officially disclosed... from 2.2 percent for incomes between 12 – 20,000 euros up to 10 percent for incomes above 220,000... an additional tax burden of 200 euros. The government has reportedly amended its initial proposal
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Unemployment rate edges down to 23.4 pct in June, lowest since March 2012
EconomyMacroeconomymillion. It is worth noting that the number of employed has grown by 61,700 over the last twelve months, but has been rising at decelerating pace over the last three months. In addition, the number of unemployed has declined by 73,500 over the same 12-month period. ELSTAT figures show that the non
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Turnover in services sector improves in Q3
EconomyMacroeconomy) and telecommunications (+1.1 percent). Since 2001, the most notable nosedive has been recorded in advertising..., employment activities and other administrative and office support, the turnover has soared by 69.8... and accounting services has also surged by 49.1 percent over this period. The latest services confidence
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Athens in search of counter-measures to secure MPs' support for potential deal
PoliticsGreek Politicsthat the International Monetary Fund has made a prerequisite to complete the review. According... Nikos Fylis has also publicly questioned the government. Prime Minister Alexis Tsipras’s hope... in an interview with Bild newspaper on Wednesday was 2.2 percent of GDP (1.7 points above the target). Statistics
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IMF still sees fiscal gap in 2018 - no action needed, for now
EconomyProgrammeforecast for 2017 which has been revised downward from the 2.1 percent July estimate. On the fiscal... in 2019. The primary balance is seen landing at 1.7 percent of GDP this year and 2.2 percent in 2018... as part the draft budget for 2018. Differences with Europeans The IMF has more conservative
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Stress test assumptions cause few concerns for Greek banks
EconomyBankingfrom the baseline. It is the most severe scenario the EBA has applied to date and seeks to capture the potential effects of Brexit. Also, the EBA has incorporated IFRS 9 accounting standards... for Greek banks is different and has been brought forward after the International Monetary Fund
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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... the sale of unsecured loans. This could be excelled to reach around 2 billion euros, leaving 2.2
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Industrial production increases by 1.9 pct in April, March revised upwards
EconomyMacroeconomyby the electricity production index (+2.2 percent) and a small rise of 0.2 percent in the water supply.... In the year so far, industry confidence has declined by 1.4 points. The Commission’s latest... negative for a third month. In the year so far, industry confidence has declined by 1.7 points
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