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Banks submit new NPL targets to SSM, with sales leading way in reduction drive
EconomyBankingare earmarked for sale or securitisation, 10 billion are due to be restructured, and the remaining... than the European average of less than 5 percent. As Greece tries to woo back foreign investors
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Eurosystem funding down to 12.23 bln in September, banknotes rise for second month
EconomyMacroeconomy, with the latest reduction coming on October 10, when the ECB announced that the ELA ceiling for Greek banks would be reduced further by around 200 million euros to 5 billion. Compared to September 2017
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New details reveal what may have led to discrepancy in Athens Airport concession price
EconomyFeaturesand yields on the government’s 10 year bonds reaching 8.4 percent. By 2018, yields on the same bond... pension fund PSP (40 percent) and Copelouzos Group (5 percent). It was during these negotiations
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Appeals over past pension cuts sow confusion about potential fiscal impact of backpay
Economy, while supplementary pensions experienced scaled-up cuts that started from 10 percent to 20 percent... 1,000 euros were slashed by 5 percent, while those above 3,000 euros were reduced by 20 percent
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General govt primary cash surplus at 6.68 bln in October, arrears rise by 9 mln
EconomyMacroeconomyGreece’s general government (gg) primary cash surplus came to 6.68 billion euros in the first 10 months of the year, up by 311 million euros compared to the same period last year, according...) and local governments (-5 million). Increases were noted in hospitals (+67 million), extrabudgetary
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Newsletter 189 -11/01/2018
and came to 2.58 billion euros after an increase of 10 million in the previous month. Central government.... Industry confidence remained negative for a third consecutive month and came to -5 compared to -3.2
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Record year for company launches in 2018, small enterprises continue to dominate
EconomyFeatures, and abolishing a 50 percent discount for those under 35 with less than 5 insured years. Cumulatively since.... It found that across 10 sub indicators, Greece scored worst for registering a property at number
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Minimum wage increase set for end of January amid concerns about economic impact
EconomyGreece’s Labour Ministry is moving ahead with plans to increase the country’s minimum wage between 5 and 10 percent amid calls for caution over such measures. The issue is due to be discussed between Labour Minister Efi Achtsioglou and the institutions, conducting their second review as part
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Increase of 11 pct in minimum wage to have knock-on effect in economy
Economy, surpassing the upper threshold of the committee of wise men that had recommended a rise between 5 and 10
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Short-term rentals raise rents by average of 8.3 pct, study indicates
EconomyFeaturesto 2018, Grant Thornton found that the short-term rental market in Greece accounts of 10 percent... that of long-term by a ratio of almost 5 to 1. In Athens, the survey found that for example
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