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Building activity rebounds 7.2 pct in November
EconomyMacroeconomybuilding surface and volume posted a drop by 2.1 and 4 percent respectively. The geographical breakdown... by 5 percent in 2016 and 1 percent in 2017. Meanwhile, housing loan balances have contracted by 16
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Multiple crises fence in Greece
Agorain power. During the February 4 general strike about 40,000 to 50,000 people protested in Athens... to be insisting on cuts to pensions as the main path for Greece saving 1.8 billion euros (equivalent to 1 percent
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Gov't offers improved terms to farmers in bid to break deadlock
Economywere: 1) The farmers’ pension fund (OGA) will remain independent for a 5-year transition period... are above the national pension of 384 euros. 4) A tax-free threshold will be applied for small
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Building activity advances 5.1 pct in Dec, down 0.9 pct in 2015
EconomyMacroeconomyprogramme point to a further decrease in housing prices by 5 percent in 2016 and 1 percent in 2017...) at the end of September, up by more than 4 percentage points year to date. The latest construction
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Programme review talks continue, progress on tax, pensions and NPLs at a premium
EconomyProgrammeeuros (4.3 percent of GDP) from the following interventions: 1) Increase in the solidarity levy rates... rates on farmers’ income (32 million) 4) Income tax code reform (150 million) 5) Other
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Retail sales down by 3.8 pct in Jan for eighth straight fall
EconomyMacroeconomyfollowed by retail sales not in stores (-9.9 percent). Smaller drops were posted in supermarkets (-4... the seasonally adjusted retail sales and volume fell by 1.6 and 1 percent MoM respectively in January
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Greek stocks advance 2.6 pct for second straight week on improved investor sentiment
Economyon the required measures related to the pension reform, tax and indirect taxes that are expected to yield 1... to 3.3 billion and EBIT jumping to 73 million from just 4 million a year ago. S&P affirmed Hellenic
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Underspend and improving revenues lead to budget primary surplus of 2.67 bln in Q1
EconomyMacroeconomyunderspend is mostly attributed to: 1) Grants to hospitals (at 238 million, corresponding to 14.6 percent... million, at just 8 percent of the full year target of 1.57 billion) 4) Transfers to other entities
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Eurobank turns profitable in Q1 for first time since Q3 2011, with net profit of 60 mln
EconomyBankingto credit claims, 4 billion to pillar II bonds, 1.3 billion to Greek government bonds (GGBs) and T-Bills and 0.3 billion to other securities. On the capital front, the bank’s phased-in Common Equity Tier 1
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HFSF presents action plan on large corporate loan restructuring, says NPEs reached 103 bln in 2015
EconomyBankingon the restructuring of large corporate NPEs. The action plan is comprised of five key pillars: 1) The analysis... and a number of financial ratios. 4) Assessment of banks’ capabilities for large loan restructuring
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