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Tourism could give economy annual 5 bln boost, NBG report finds
EconomyFeaturesin internal demand which fell by 16 percent during the same period. According to the report, Greece has... uncertainty led online holidays to be discounted by 10 percent in 2016, rising to 16 percent during the peak... compared to 40 percent for rival destinations. NBG estimates that broadening the tourism season would
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BoG Monetary Policy Report positive on programme end but advises caution for future targets
EconomyBanking, with the stock as of March 2018 standing at 92.4 billion. During 2017, NPEs dropped by 11 billion, mostly on write offs (6.5 billion) and sales of loans (3.6 billion). During the first quarter of 2018 NPEs... and the commitment by the Eurogroup to reassess the debt matter in the future should growth estimates not materialise
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Increase of 11 pct in minimum wage to have knock-on effect in economy
EconomyAs was widely anticipated, during the cabinet meeting yesterday Alexis Tsipras announced... wage rise during the crisis era and as part of the agreement for the second adjustment programme... it, pushing lower the overall labour cost in the economy. The government estimates that about 600,000
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Regling underlines concerns about fiscal target after voter-friendly measures
EconomyProgrammenotes that during the programme Greece made significant progress in clearing arrears, reducing... the issuance of a 5 and a 10-year bond during the first quarter of 2019, approaching the Public Debt... up to cushion it in the post-programme period. The ESM estimates the total cash resources of Greece
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ND to unveil more economic support as coronavirus restrictions are extended
PoliticsGreek Politicsthe city for their ancestral villages during Easter. “If we continue to abide by the measures, we’ll... of not doing enough to support workers during this crisis. In a Facebook post on Sunday, opposition... Office (GAO) estimates that around 15 billion euros will be lost from Greek GDP this year. This means
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Creditors give thumbs up for 10th post-MoU review, underline pandemic legacy
EconomyProgrammeefforts, with disruptions in court proceedings and the overall ban on enforced measures during the first... on average in 2021 and 2022. On the fiscal front, the stance will continue to be accommodative during... that were published in the spring estimates, which see growth of more than 4 pct this year and 6 pct
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Govt intent on making some relief measures permanent
PoliticsGreek Politicsfor their “patience and perseverance” during the pandemic. According to ECDC data, 91.1 pct of this age group has... will instantly forget its failed policies, including the heavy-handedness of the police during... to the primary surplus estimates seen in the Medium-Term Fiscal Strategy dropping by roughly 1 percentage
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Newsletter 337 - 13/05/2022
generators and retail suppliers – made a little short of 1 billion euros of additional profits during... of a period lasting about a decade during which PASOK, as a name and political brand, had become..., according to estimates, halve the bills compared to their current levels, but would still be 30 pct higher
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Newsletter 403 - 24/11/2023
, during which the country needs to deliver large primary surpluses in the region of 2 pct of GDP... reached a deficit of 473.8 million euros, from 1.48 billion euros last year. During the nine months... as the outcomes fall short of the bullish estimates. In its first budget submission for 2020 after
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Greece prepares set of proposals for bridging deal with eurozone
PoliticsGreek Politicsby Tsipras during his speech in the parliament on Sunday. The cost of those interventions is estimated by SYRIZA at 1.86 billion euros and relates to: 1) Subsidized meals for 300,000 poor families...). This results in a total amount of 17.2 billion that has to be covered during the February-August
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