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Piraeus Bank net losses at 332 mln in Q4 2014, NPLs drop under 39 pct
EconomyBankingreflecting a 25 percent jump in operating expenses, while operating income also fell 5 percent QoQ on higher... synergies and 100 percent of funding synergies related to the acquisition of 5 banks (ATEbank, 3... corresponding to a cost of risk of 2.85 percent. For the whole year, cost of risk stood at 5 percent
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Newsletter 28 - 29/05/2015
secured by Sunday, or June 5, when Greece has to pay the IMF 300 million euros, is very slim. common... of this being secured by Sunday, or June 5, when Greece has to pay the IMF 300 million euros, is very... consultation until June 5, regarding the voluntary disclosure by taxpayers of undeclared capital
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Greece's updated proposals to lenders and how they compare to previous efforts
EconomyProgrammein the health care contribution for pensioners for their main pension by 1pp from 4 to 5 percent... for pensioners for their supplementary pension at a rate of 5 percent, similar to that to be imposed... will be effective as of the beginning of next year. 5) Increase in the contribution for employees
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This is what's in the legislation Greece has to approve by Wednesday night
EconomyProgrammeon recreational vessels whose length exceeds 5 metres, while the previously imposed tax rate of 10... percent (from 2.1 percent) 5) Between 100,000 and 500,000 euros, the rate increases to 6 percent (from...) 75.6 million will arise from the increased tax rates on insurance fees 5) 48.5 billion from
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Lafazanis out of blocks early, announces anti-bailout party ahead of bailout vote
PoliticsGreek Politicsvoted “No” in the July 5 referendum. Lafazanis sees this vote as legitimising his move to split from... represent only around 5 percent of voters. It now remains to be seen if other, weightier figures, from... abstained and 1 was absent in the first vote on prior actions, while there were 31 Nos and 5
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Newsletter 47 - 16/10/2015
percent in 2016. The Finance Ministry adopted these estimates in the 2016 draft budget tabled on 5... and 3.3 percent YoY in Q3 and by a further 2 percent QoQ and 5 percent YoY in Q4. The full-year... was forced to stand down following the embarrassing and thorough defeat of the “Yes” campaign in the 5
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Gov't hits back as pension reform row heats up
EconomyProgrammelandscape is completely different with that of 5 years ago since GDP has shrunk by almost 22 percent... of the pension system and also provides the prospect of pensions growing in the future. 5) The pensions... and up to 20 insured years, which indicate that new pensions will be higher by up to 5 percent vis-à
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Piraeus posts 1.24 bln loss in Q4 on jump in loan provisions
EconomyBankinghigh administrative expenses. For the whole year, recurring costs fell by 5 percent to 1.25 billion..., the full year figure fell 5 percent to 3.49 billion. Overall, cumulative loan loss reserves reached... at 68.07 billion, while deposits increased by 5 percent QoQ to almost 39 billion, with loan to deposit
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Gov't lowers tax-free threshold, prepares for third pillar of measures worth 1 pct of GDP
EconomyProgrammein the excise tax on beer, cigarettes and tobacco. As of July 1 Introduction of a new tax rate of 5... Introduction of a hotel overnight stay tax ranging between 2 euros for hotels with two stars up to 5 euros..., meaning 1 hiring per 5 departures in 2016, 1 hiring per 4 departures in 2017 and 1 hiring per 3
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Multi-bill details how Greece aims to raise 1.6 bln from indirect taxes
EconomyMacroeconomymillion. A new levy is introduced on fixed line or internet and cable TV subscribers with a rate of 5... with 5 stars. The estimated annual revenues amount to 74 million. Following the reduction... sector attrition rule from the current 1 hiring for 5 departures to 1:4 in 2017 and further to 1:3
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