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PDMA readies bond schedule for 2019, with eye on prepayment of IMF loans
Economyof the country’s quota has a rate of close to 4 percent. The reports suggest that the PDMA plans to bring down... buffer, which carries the very low interest rate set by the ESM. According to Greek officials, although... billion euros, matching the Eurosystem’s SMP and ANFA holdings of Greek debt, which are also
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PM prepares to finalise relief package as talk of electoral tweak gathers pace
PoliticsGreek Politicsand 20,000 euros and an upward shift in the threshold above which the top 44 percent rate applies. Families... front, the initial idea of abolishing the so-called “personal difference” and folding it into core
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BoG shows lower deposit rates and a sharper drop in loan rates in June
EconomyMacroeconomyΤhe interest rate on households’ new time deposits dropped another 14 basis points (bps) to 2.39..., when this rate remained stable, it posted a 42 bps decline in the second quarter of the year. The respective decrease in the rate of new T-Bill issues this year was sharper at 210 to 215 bps
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Troika review begins with fiscal targets and tax breaks in focus
EconomyMacroeconomy) Retaining the VAT rate on food and accommodation services at the lower rate of 13 percent..., the ministry aims at reducing the tax rate on enterprises and sole proprietors from 26 to 20 percent, trimming the solidarity levy by 30 percent and retaining the VAT rate for food and accommodation services
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Greek time deposit rates fall further in August
EconomyMacroeconomyThe interest rate on households’ new time deposits dropped by a further 15 basis points (bps... and 6-month T-Bill issues showed a faster decrease of close to 200 bps. The deviation in the rate... crisis period, the time deposit rate peaked at 5.01 percent in June 2012 and shows a steady declining
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Greek unemployment falls for seventh straight month, down to 25.7 pct
EconomyMacroeconomyThe seasonally adjusted (SA) unemployment rate declined for the seventh straight month in September... month to 25.4 percent in September from 25.3 percent in August. The decline in the SA jobless rate... in the preceding three months. The year on year (YoY) performance showed a further acceleration in the rate
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Greek unemployment drops slightly to 25.8 pct in October on lower jobless
EconomyMacroeconomyThe seasonally adjusted (SA) unemployment rate eased for the second successive month to 25.8..., the non-seasonally-adjusted (NSA) jobless rate slightly slipped to 25.3 percent in October from 25.4 percent in September. The recorded drop in the October rate is mainly attributed to a 1.1 percent
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Gov't unveils bill to overhaul pension system, increase income tax revenues
EconomyProgrammefor 39-42 working years. The overall replacement rate for contributory pensions stands at 11.55... percent weight). The social security contribution rate for main pension is set at 20 percent, of which... and pensioners. Self-employed and farmers will pay the whole rate, which would be applied on their declared
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Newsletter 99 - 09/12/2016
interest rate margin of 200 basis points related to the debt buyback and reducing the interest rate.... The premier also said that the government would freeze plans to increase the VAT rate... is mainly due to a decrease in the goods index by 1.5 percent. Unemployment rate edges down Greece’s
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Unemployment falls to 21 pct in July, lowest since Nov 2011
EconomyMacroeconomyrevealed on Thursday. The headline figure means that the jobless rate now stands at its lowest level... market. The SA unemployment rate among women fell by 3.3 pp from last year to 25.3 percent in July. The unemployment rate for men fell to 17.5 percent, down by 2.1 pp year-on-year. The largest drop
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