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Newsletter 230 -29/11/2019
on December 3 and 4 principal of 478 million euros, whereas next year principal repayments amounted... to 1.59 billion. The PIB balance landed on a deficit of 1 billion euros. The primary surplus surpassed its... million euros. In addition, sight deposits decreased by 1 million euros. Time deposits declined by 274
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ND mulls next tax cuts as it prepares to unveil new electoral law
PoliticsGreek Politics. In fact, lower income tax rates are due to kick in from January 1. Individuals earning less than 20,000... electronic transactions, which also begins on January 1. From 2020, taxpayers will have to spend 30... cut to social security contributions in 2021, e.g. by 3 points rather than the 1.09 percentage points
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Mitsotakis sets out economic goals for 2020 as govt vies for extra fiscal space
PoliticsGreek Politics. It is also planning to reduce social security contributions by almost 1 percentage point from July 1. ND’s... would like to repay as much as 3 billion euros ahead of schedule. Apart from improving
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Mission chiefs pick up fifth review baton as Greece mulls new bond issue
EconomyProgrammethat Greece is expected to introduce from May 1. This will succeed the primary residence protection.... The PDMA outlined four main objectives in the funding policy of 2020: 1) Enhance market access... operations, 2) Lower funding costs further, 3) Contain interest rate, FX and refinancing risks.
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Overall loan interest remains at 4.34 pct in December
EconomyMacroeconomyto sole proprietors increased by 3 bps to 6.76 percent. Corporate loans with a defined maturity... in the previous month. Deposits The overall weighted average interest rate on new deposits dropped by 1... interest rate on deposits from households with an agreed maturity of up to one year decreased by 1 bps
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Central government debt increases by 5.81 bln to 361.83 bln in Q1
EconomyMacroeconomyto 58.09 billion, representing 16.1 percent of the debt. T-Bills came to 11 billion and made up 3...) debt made up 75.4 percent of the total, while short-term (up to 1 year) and medium-term (1 to 5 years
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NBG results show net profits of 409 mln euros on strong trading income in Q1
EconomyBankingoperations, results came to a loss of 1 million euros versus a loss of 571 million euros in Q4... quarter-on-quarter (QoQ) to 137 million. Year-on-year (YoY) fell by 1 percent compared to Q1 2019...) and intermediation fees (+25.9 percent YoY). Operating expenses came to 207 million, up by 3 percent YoY
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GDP falls by 1.6 pct QoQ in Q1 and by 0.9 pct YoY
EconomyMacroeconomycompared to YoY growth of 1 percent in Q4 2019. This marks the first YoY contraction recorded since Q2 2016... fixed capital formation declining by 8.4 percent QoQ, while gross capital formation rose by 3... as rising by 1 percent. Final consumption represents the majority of GDP, making up around 90 percent
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Newsletter 253 -05/06/2020
23,000 individuals remain in self-isolation after entering the country in recent weeks, with around 1... to Q1 in 2019, GDP shrank by 0.9 percent compared to YoY growth of 1 percent in Q4 2019. This marks... QoQ, while gross capital formation rose by 3 percent compared to Q4. Imports of goods and services
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Distrust in news sources remains high, regardless of popularity
Societymedia brands, there was a slight increase of 1 percentage point (pps) in the use of Instagram..., bringing the total to 32 percent. The use of Facebook Messenger for news fell by 3 pps to 22 percent and Facebook dropped by 1 pps to 57 percent. Overall, Facebook remains the most popular social media
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