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Government tables 2016 budget, upgrades GDP forecasts but leaves fiscal estimates unchanged
EconomyMacroeconomyThe Finance Ministry (MoF) tabled the 2016 budget in Parliament on Friday. Parliamentary Speaker Nikos Voutsis said it will be discussed in the Economic Affairs Committee on November 25 for four... seen remaining stable in 2015, from a contraction of 2.3 percent projected in the draft budget, while
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Greek banks complete book building: A recap of where we stand
EconomyPiraeus Bank became the last of the four Greek systemic banks to announce on Saturday afternoon that it has successfully concluded the book building process for its non-preemptive international... Securities (CoCos) for an amount of 2.03 billion euros and common shares for the remaining amount of 677
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Privatisation of power transmission firm ADMIE a key challenge among prior actions
EconomyProgrammethe evaluation of submissions, the PPC BoD announced on June 25, 2014 that four investment firms... the sale of a 66 percent stake and the transfer of the remaining 34 percent to the Greek state
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Economic sentiment and consumer confidence improve in Dec
EconomyMacroeconomyhistorical reading was posted in October 2011 at -83.9. The other four business indicators posted mixed...After remaining stable in November, Greece’s economic sentiment (ESI) edged up by 0.6 points to 87.1 in December, European Commission (EC) figures revealed on Thursday. ESI had fallen by around 24
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Unpaid social security contributions almost reach 15 bln
Macroeconomythe four main Greek pension funds, namely Social Security Institute (IKA), Freelancer Insurance... relates to the main contributions debt, and the remaining 3.85 billion to surcharges and penalties
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First days of talks confirm gap between Greece, lenders on pensions
PoliticsGreek Politicsapproval of the four largest Greek employers’ federations, aims to cover the remaining gap of 550-600
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General gov't primary cash surplus more than doubles to 4.14 bln in 2015, arrears ease to 5.4 bln
EconomyMacroeconomyperformance reflects primary cash surpluses in all four sub-sectors. The figures for the state budget... euros and bank support guarantees of 42.6 billion. The remaining guarantees of 14.6 billion are split
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Fall in industrial turnover slows to 1.8 pct in December
EconomyMacroeconomythe respective index for the euro area countries rose by 8 percent. Four of the five main industrial... “volumes of incoming new orders continued to struggle, remaining in contraction territory”. “Until
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Greece, eurozone edge closer on pensions and fiscal gap but IMF keeps bar high
EconomyProgrammeto cover the remaining gap of around 600 million to meet the bailout target on top of the already voted measures. However, despite an initial agreement of the four largest employers’ federations
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Central gov’t debt rises to 321.3 bln in Q4, financial aid loans at new high of 220.4 bln
Economyguarantees (to the four systemic banks and Attica Bank) stood at 42.56 billion and Emergency..., largely attributed to the FSM loans, while the remaining 20 percent is almost equally split between
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