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If rising card use in Greece meets EU average, VAT revenues would see 3.3 bln boost - study
EconomyMacroeconomybetween 2015-2017. Total card use penetration had a significant positive effect on tax compliance and led to at least 50 percent of total annual VAT revenues increasing in 2017. IOBE notes that if card... be higher by 12 percent or 2 billion if professionals used card payments at the same levels
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Unpaid contributions rise to 33.86 bln as more legacy debtors added
EconomyMacroeconomyThe stock of unpaid social security contributions (SSCs) increased to 33.86 billion euros in the second quarter (Q2) of 2018, increasing by nearly 2 billion compared to the figure of 31.87 billion... short of 1.4 million. Most debtors, 49 percent of the total, owe less than 5,000 euros for a total
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PDMA readies bond schedule for 2019, with eye on prepayment of IMF loans
Economyis scheduled for June 2024. Greece started repaying the EFF in 2016. Total obligations to the IMF next... the outstanding amount to 3 billion euros, to match the quota and reduce the interest charges to 2... years, the IMF is one of Greece’s most substantial creditors. Obligations to the Fund total 7
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Falling bank shares prompt coalition to take closer look
PoliticsGreek Politicsthat Piraeus Bank must raise about 500 million euros by selling tier 2 bonds after an agreement with the ECB... of bad loans. Of the total, 25 billion are earmarked for sale or securitisation, 10 billion are due... banks, there will be few investors willing to step forward given that a total of 47.5 billion euros
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Newsletter 180 -26/10/2018
a total fiscal surplus of 1.4 billion euros, or 0.8 percent of GDP, unchanged from the first... expects an excess surplus of 122 mln next year (total primary surplus at 3.56 percent of GDP... ministers will have the final say. 2 Primary surplus confirmed at 4.80 bln September’s figure
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Budget primary surplus at 6.46 bln in October on improved revenues and primary underspend
EconomyMacroeconomyis targeting privatisation revenues of around 2 billion euros for the whole of 2018. As mentioned, net... by 746 million euros. Of the total revenues, 1.47 billion were EU funded while 198 million were from... the target by 1.32 billion. Out of the total PIB expenditure, 1.66 billion came from co-funded
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BoG highlights areas of concern in underlying NPE data
EconomyBankingof which were denounced corporate loans. On top of write offs, sales of nearly 2 billion euros also... in the first half of the year to 19.9 billion euros, representing 22 percent of total NPEs. It is important... billion euros, standing at 46 percent of total NPEs, reduced by 5.2 percent from the end of last year
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After 2019 budget, lenders turn attention to Greek post-MoU reform tasks
EconomyProgrammeamount to just short of 2 billion euros. Out of the bonds total, close to 5.8 billion euros is bonds...-annually until June 2022. Greece expects to receive in total close to 5 billion over the period, meant
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Macedonia name deal enters crucial and contentious phase
PoliticsForeign Policyin a separate parliamentary process. Article 2 (4) of the Prespes Agreement says that "this ratification.... That makes a total of 123 MPs. Even if Mitsotakis could secure the votes of all seven ANEL MPs, which seems unlikely, the total could only reach 140 votes as the Communist Party (KKE) has said it will abstain
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December deposit inflows hit six-year high of 3.15 bln
EconomyMacroeconomydeposits of 2.15 billion euros. Savings inflows came to 1.78 billion. Total deposits, which also... month-on-month in November. As of November’s data, the total for central bank funding comes to 12.23... bulletins for Greece due to the threshold now being under 2 billion euros.
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