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Primary surplus beat target in 2015 on higher revenues and restrained spending
Economy-digit rates for the second straight month, yet the full year figure decreased by 13.3 percent to 2.92..., in line with target. Overall, total expenditure remained almost stable (+0.2 percent) to 48.55
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S&P upgrades Greece’s rating by one notch, sees compromise on pension reform by March
Economypercent of total loans 2) Government has committed to increase public savings meaning... at similarly long maturities and low interest rates is low. According to the rating agency’s projections
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Time deposit rate almost stable in December, average loan rate rises 17 bps
EconomyMacroeconomy, the weighted average rate on total new deposits eased further by 2 bps to a new low of 0.56 percent... to 5.09 percent. Overall, the Greek corporate lending rates stand around 200-300 bps above
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Newsletter 61 - 05/02/2016
years with income criteria. The lenders also favour lower pension replacement rates, meaning lower... of Congo and Ukraine. The first month of 2016 showed a further increase in total refugee numbers
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Industrial production rises by 5.2 pct in Dec, its highest growth rate since 2007
EconomyMacroeconomy) and consumer non-durables (+2.9 percent). Modest growth rates were posted by intermediate goods (+0.6... 6.9 percent in 2015, yet it makes up just a fraction of the total index. The latest industry
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A closer look at 2015 revenues reveals size of hit they took
EconomyMacroeconomyand the 30 percent discount on VAT rates in six islands was abolished in October. However, it should... in 2015 and a total of 1.31 billion for the 2-year period until the end of 2016. Unlike VAT
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BoG outlines steps to economic recovery, updates on banks' asset quality
EconomyMacroeconomyand business income tax rates and social security contributions provides incentives for and tax..., Greek banks’ Common Equity Tier 1 (CET1) and total capital adequacy ratios reached 18 percent
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OECD sees potential for recovery in Greek economy, stresses benefits from reforms
EconomyMacroeconomythe total input on output at 13.4 billion. Macroeconomic projections The OECD foresees that GDP... and lowering interest-rates and rollover risks, the OECD says. As an example, the report outlines
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Newsletter 66 - 11/03/2016
of lower pension replacement rates and granting the national pension after 20 working years (instead... since mid-August that the ECB did not reduce the ELA cap, which has been lowered 13 times by a total... of sending back asylum seekers en masse to Turkey, a country that neither properly recognises them
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Athens and creditors edge closer on tax and pensions but gap remains on NPLs
EconomyProgrammepercent. The government’s initial proposal pointed to rates of 0.8 and 2 percent respectively... Ministry is aiming for cuts to be applied only to total pensions (main and supplementary) above 1,400
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