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Bank of Greece outlines challenges to SME funding, gaps in knowledge
EconomyFeaturesThe Bank of Greece (BoG)’s December 2018 economic bulletin laid out some of the funding challenges... and performance were important limiting factors in a firm’s access to credit, while exporting companies have... that they will be rejected. BoG concluded that a firm’s size and performance emerged as significant
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Tsipras eyes further expansion into centre-left territory after reshuffle
PoliticsGreek Politicsare held in October, Tsipras might propose Papandreou as Greece’s representative on the European... some outspoken comments against SYRIZA in the past. Friday’s developments capped a difficult week... There was a total of six changes in Friday’s reshuffle, including Alternate Foreign Minister Giorgos
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New overdue taxes rise by 1.25 bln in Dec, total for 2018 at 106.62 bln
EconomyMacroeconomyNovember’s figure of 857 million data from the Independent Authority of Public Revenues (IAPR... for 11 months now. Based on the latest budget’s GDP estimation of 185.66 billion for 2018, the debt... to 80.8 percent, meaning that the final rate of collectability for the full year fell short of the IAPR’s
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European Commission report due to set tone for build-up to March 11 Eurogroup
EconomyProgrammeon the government’s proposal, which was tweaked following talks with Greek bank CEOs, is that the new.... In an interview with Monday’s Naftemporiki, Deputy Labour Minister Tassos Petropoulos suggested for the first... by state guarantees. In an interview with Monday’s Naftemporiki, HFSF CEO Martin Czurda, said that once
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Tourism institute shows international flight seat schedule to Greece down by 7 pct in 2019
EconomyFeatures’s tourism season. These include economic developments in the international markets, regional changes... cited as being responsible for the drop in places. These included a slowing down of the Eurozone’s... in visitor numbers from Germany is likely to be the one to have the most impact on Greece’s tourism
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EC sets out improvements Athens should make to primary residence proposal
EconomyProgrammeAmong the areas of concern highlighted in the European Commission’s second post-programme... for protecting primary residences. It was not clear if the Commission’s concerns were also taken on board during... that fit the latest protection framework’s criteria until the relevant electronic platform
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Eurosystem funding falls by 1.16 bln in Dec, banknotes increase for fifth month
EconomyMacroeconomyfor central bank funding comes to 11.07 billion versus November’s sum of 12.23 billion euros. Across 2018, Eurosystem funding declined by around 22.60 billion. December’s figure was driven largely... haircut applied on ELA collateral and participation of Greek banks’ EFSF holdings in the ECB’s
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Eurobank net profits from continued operations fall by 12.2 pct in 2018
EconomyBankingreferenced the recent issuing of Greece’s 10-year bond, the first in nine years, as further evidence... year, he added that the bank’s strategic initiatives announced in November 2018 were of central importance. The bank’s merger with Grivalia Properties is expected to be completed by the end of April
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Next government in strong position to decouple presidential vote from snap elections
PoliticsGreek Politicsof Thursday’s second round of voting on proposals for the revision of Greek constitution. The method... cannot agree on who will be the next president. However, the result of Thursday’s ballot in Parliament... the right to launch investigative committees. SYRIZA’s proposal to change Article 3 governing
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Primary cash surplus at 832 mln in February
EconomyMacroeconomyGreece’s central government primary cash balance recorded a surplus of 832 million euros... fell by 807 million euros to 7.41 billion euros against last year’s total of 8.22 billion. Year-on-year... in the first two months of 2018, down significantly against last year’s figure of 2.70 billion euros
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