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MTFS outlines ambitious economic and fiscal road for next four years
EconomyProgrammein 2020 and to 2.2 percent in 2021. Investments and improved trade terms are seen as driving Greece’s..., to 6.9 billion in 2022, but will stay broadly flat at around 3.3 as a percent of GDP. These forecasts
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Newsletter 193 -08/02/2018
growth is estimated to reach 2.2 percent in 2019 and 2.3 percent in 2020, compared to an estimate of 2... fall flat in blow to privatisations Arrears miss target, new NPL reduction plans in the works
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Time deposit rate almost flat in Jan, average loan rate falls 12 bps
EconomyMacroeconomyGreek households’ new time deposit rate remained broadly stable for the second straight month in January, when it eased marginally by 1 basis point (bp) to 1.01 percent in January, Bank of Greece (BoG) figures displayed on Wednesday. Since the impositio...
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PPC lignite unit bids fall flat in blow to privatisations
EconomyFeaturesThe Public Power Corporation’s (PPC) divestment of 40 percent of its lignite capacity has hit an obstacle as it emerged that the bid process for two lignite units had attracted very little interest. PPC received one binding offer for the Melitis unit in...
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Eurogroup to approve release of bond profits but bid to repurpose funds falls flat
EconomyProgrammeWednesday’s Eurogroup is expected to result in eurozone finance ministers approving the conclusion of the fourth enhanced surveillance review and the next round of debt relief measures, but will not include a discussion on how Greece can use the bond pr...
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Building permits down by 2.3 pct in Jul as YTD activity growth nearly flat
EconomyMacroeconomyBuilding permits growth in July returned to negative territory, dropping by 2.3 percent year-on-year (YoY), after a 3 percent increase in June), according to the latest data released by the Hellenic Statistical Agency (ELSAT) on Thursday. The total numb...
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Government moves to shake off Tempe affair after opposition bids at prosecution fall flat
PoliticsGreek PoliticsNew Democracy succeeded in limiting the scope of judicial proceedings against politicians in relation to the deadly Tempe rail crash after rival motions by opposition parties to widen the net of prosecutions were voted down. The conservatives hope that ...
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Greek primary budget surplus eases to 1.95 bln on back of lower revenues in Aug
Economyrevenue targets included revenues of 884 million euros from the first two instalments of the new
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Higher education in Greece needs radical overhaul to create labour-relevant workforce, study says
Societysector was 884 euros in 2016 compared to 1,054 euros in 2008. In the public sector, despite falling
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NBG 2024 profits at 1.16 bln, commision income up 12 pct at 427 mln
EconomyBankingIncome (PPI) stood at 1.9 billion, up by 5 percent annually. Operating expenses in 2024 were 884 million
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