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Unemployment rate up to 19.2 pct in Q1, long-term jobless still falling
EconomyMacroeconomythe 1 million mark for a fourth consecutive quarter. However, Q1’s unemployment figure was the highest... age group where unemployment fell by 2.8 pps to stand at 28.3. An increase of 1 pps was seen in those... unemployed (over 1 year) declined for a seventh consecutive quarter to 589,000. Out of the total, long
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Newsletter 216 -26/07/2019
percent for properties ranging from 80,000 to 1 million, which relates to 1.5 million middle class taxpayers, and 10 percent for the 14,706 people who own property worth more than 1 million euros... to Greeks saving another 1 billion euros. The Finance Ministry hopes that a good deal of this money will go
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BoG awaits go-ahead from DG Comp over NPL scheme
EconomyBankingproperties worth around 1 billion euros. It is expected that the deal will open the way for Piraeus... the transaction on October 1, 2019. The end result will be the largest NPL management company... 2019 CET 1 ratio). In its latest financial stability report, BoG noted that during 2018, NPEs
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Tax cuts spearhead Mitsotakis's message in Thessaloniki
PoliticsGreek PoliticsJuly 1 next year. Mitsotakis said the aim is to bring them down by 1 percentage point by the end... two years should be to enhance our bilateral trade from 650 million dollars in 2018-19 to 1 billion
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Vital economic legislation lined up as ND seeks compromise over diaspora vote
PoliticsGreek Politics1 billion euros a few weeks ago, partly as a result of market developments, which saw Greece... priorities are on the economic policy front over the coming months: 1) Achieving the fiscal targets, 2... for anyone paying contributions after January 1, 2021. The proposed change has already been heavily
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Greece aims to bolster Balkan role to dull impact of EU veto for Skopje, Tirana
PoliticsForeign Policyaffected by delaying the beginning of North Macedonia’s EU accession are: Article 1 paragraph 10... in accordance with Article 1 (3) shall commence at the opening of each EU negotiation chapter... following the agreement are referred to in paragraph 9 of article 1. They add that Skopje has a clear
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Alpha Bank posts net profits of 4.7 mln in Q3
EconomyBanking. The bank noted that in Q3, new disbursements of loans to the private sector amounted to roughly 1... offset a decline in state deposits. On an annual basis, deposits in Greece showed inflows of 1... percent compared to 103 percent in Q2 2019. Capital The Common Equity Tier 1 (CET1) ratio stood at 18
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BoG runs numbers to show how tackling NPE stock will benefit banks' bottom line
EconomyBankinginternal capital. The capital adequacy of Greek banks stood at 15.6 percent in Common Equity Tier 1... of NPEs between 1 and 10 percent brings relief of 500 million to 5.2 billion euros to the balance sheet in the form of risk weighted assets (RWA). With the exercise taking place at net book value, CET 1
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PDMA sets 2020 goals to build on improving conditions for debt
Economycompared to peers. Based on the assumptions of the European institutions, which see growth averaging 1..., in the volume of 3 billion euros, in line with the IMF repayment that took place this year. In scenario 1... billion euros. The PDMA outlines four main objectives in next year’s funding policy: 1) Enhance
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Population drops slightly in 2018 despite positive net migration flow
Societyof Greece was noted at 10,724,599 on January 1, 2019, compared to 10,741,165 for the same date in 2018... included people living in the country as of January 1 due to the refugee crisis. According to the data... of the total population. As of January 1, the population in Greece is split between 51.4 percent for females
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