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What Greece imports and why
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EconomyFeaturesIt’s a point that is often touched upon regarding the makeup of Greece’s economy that the country imports far outweigh its exports, and have done so historically.
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EC autumn forecast lowers growth for 2019 on pending budget finalisation
EconomyMacroeconomyThe European Commission (EC) issued on Thursday its regular autumn forecasts for 2018, the first forecast since 2010 that Greece is not in an adjustment programme.
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Greece drops to 72 in Doing Business index as long-term problems persist
EconomyFeaturesThe latest Doing Business Indicators report for 2019 by the World Bank Group has shown that Greece fell to number 72 out of 190 economies worldwide.
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Greece 57th in WEF's Global Competitiveness Index based on new methodology
EconomyFeaturesThe World Economic Forum’s Global Competitiveness Index (GCI) for 2018 has shown that Greece fell four places in a year, standing at number 57.
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The legal framework and latest developments in international investment arbitration
LegalA much-anticipated judgment by the Court of Justice of the European Union in the Slovak Republic versus Achmea B.V. (Case C-284/16), on March 6 this year, ruled that the arbitration clause contained in Article 8 of the 1991 Netherlands-Slovakia Bilateral Investment Treaty (BIT) has an adverse effect on the autonomy of EU law.
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Eighteen core goods led exports during crisis, NBG study notes
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EconomyFeaturesA core group of 18 products made up the backbone of Greek exports during the crisis years, according to a study compiled by the National Bank of Greece (NBG).
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More changes needed to unlock private sector's potential, report says
EconomyFeaturesGreece has to take specific steps to unleash the potential of its business economy because the reforms implemented during its three adjustment programmes have not had the desired impact, a study carried out by the German Institute for Economic Research (DIW) argues.
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If rising card use in Greece meets EU average, VAT revenues would see 3.3 bln boost - study
EconomyMacroeconomyEnhanced credit card usage in Greece could capture revenues that exceed the annual inflows from the single property tax (ENFIA), a study by the Foundation for Economic and Industrial Research (IOBE) has shown.
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Foreign investors positive on Greece but ease of doing business remains low
EconomyFeaturesGreece’s business framework remains complex and lengthy, which could act as a deterrent to foreign investors, according to data presented as a recent business forum.
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Report on PPC’s viability ruffles feathers and shakes share price
EconomyFeaturesA leaked report by a consultancy firm on the Public Power Corporation (PPC) sent the majority state-owned entity’s stock price falling earlier this week after it raised concerns about PPC’s viability.