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A breakdown of the 5.4 bln in measures that form basis of agreement between Greece and creditors
EconomyProgrammeand indirect tax measures, with estimated revenues or cost savings of 1 percent of GDP (1.8 billion..., the national (fixed) pension of 384 euros to be fully paid for those with at least 20 working years... retirement pay amount exceeds 1,300 euros, rise in contributions for supplementary pensions by 1
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Government hopes offer of tax breaks and grants will spark growth boost
EconomyMacroeconomyfor domestic production. One of the key provisions of the law is the support for investments above 20... study revealed that an investment of 1 euro in one quarter results in a cumulative increase of GDP... 1 billion. The two scenarios assume state subsidies of 3.5 billion. Market sources note that around
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Corporate lending rates resume upward trend in April, time deposit rate stable
EconomyMacroeconomyGreek households’ new time deposit rate slipped by 1 basis point (bp) to 0.87 percent in April from... to 250,000 euros rose by 25 bps to 5.87 percent, for amounts between 250,000 and 1 million euros by 19... market of 20 bps to 4.40 percent in April.
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Budget primary surplus of 2.28 bln in first five months of 2016, tax revenues beat target in May
EconomyMacroeconomybetter than target. According to the breakdown, salaries and pensions fell 1 percent in May and 2.6... are proportionally in line with the annual target, while the recorded underspend is mainly attributed to: 1... of 1.45 billion) 3) Consumption and non-allocated expenditure (at 308 million, at less than 20 percent
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Newsletter 98 - 02/12/2016
at the end of September, 1 percent above the target of 106.9 billion, while the respective ratio stood...-financial corporations posted marginal outflows of 20 million. Following the evolution in October... index edged up 1 percent month-on-month to 71.9 in September and stands close to its mid-2002 level
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CPI stays flat in December, falls by 0.8 pct in 2016
EconomyMacroeconomydecreased at a slower pace of 0.6 percent in December after declining by 1 percent in the previous... (+1.3 percent). The more detailed data revealed heating oil prices climbed 20 percent, while smaller... the CPI rose by 1 percent. This was mostly on the back of a double-digit rise in clothing
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General gov't primary cash surplus up to 5 bln in 2016, arrears fall by 1.1 bln in Dec
EconomyMacroeconomyGreece’s general government (gg) primary cash surplus increased by 1 billion euros to 5 billion... of total expenditure with compensation following suit at 15.78 billion accounting for almost 20.... Therefore, we conclude that despite the decline in past years’ arrears, around 1 billion of new arrears were
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Industrial production rises at slightly faster pace of 2.2 pct in Dec
EconomyMacroeconomysupply production also declined by 1 percent. Only two of the five main industrial groupings posted... goods edged up 0.7 percent. In contrast, consumer durables recorded a nosedive of 20 percent... IPI rebounded 2.2 percent from the previous month, after contracting by 1 percent in November
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PPC: The struggling electricity giant dominating bailout talks
EconomyFeaturesthat PPC’s retail and wholesale market share should be reduced by 20 percentage points by 2017... repayments, including a bond redemption of 200 million on May 1, absent the finalisation of a 200... million on February 24 and said on March 1 that a new facility of 200 million, in the form
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Banks saw asset quality and liquidity trends improve in Q4 but process interrupted in 2017
Agorain Q4, which climbed to -1 billion euros in Q4 from -90 to -100 million in the previous two quarters.... Capital Greek banks remained adequately capitalised with the Common Equity Tier 1 (CET1) ratio close... at the end of 2016. Around 20 billion (70 percent of total) relates to deferred tax assets (DTA). Taking
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