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New strategic investment framework unveiled, faster licencing and tax breaks promised
EconomyFeaturesA new strategic investment framework was presented yesterday by Economy Minister Yiannis Dragasakis aimed at fast-tracking investments into Greece.
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Greek tax rate hikes among highest in OECD countries, tax report shows
EconomyFeaturesThe OECD’s annual Revenue Statistics report on tax has revealed that Greece’s tax to GDP ratio increased by 0.6 percentage points (pps) between 2016 and 2017, making the country’s tax rises among the highest out of 36 OECD countries surveyed.
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New overdue taxes jump by 1.4 bln in Sept, with total stock exceeding 104 bln
EconomyMacroeconomyThe month-on-month rise in Greece's new tax debt came to 1.42 billion in September, jumping from August’s increase of 849 million, data from the Independent Authority of Public Revenues (IAPR) showed on Thursday.
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Tsipras points to tax cuts as example of bailout exit benefits
PoliticsGreek PoliticsAlexis Tsipras argued in Parliament on Wednesday, as the coalition unveiled the details of this year’s “social dividend” and the reduction to ENFIA property level and corporation levy to be implemented next year, that his government is only now beginning to show its true colours as far as economic and fiscal policy are concerned.
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Primary surplus confirmed at 6.44 bln in October on revised budget targets
EconomyMacroeconomyThe budget primary balance was confirmed at a surplus of 6.44 billion euros in the first 10 months of 2018, according to the final budget execution bulletin for October published by the Finance Ministry (MoF) on Monday.
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Final budget for 2019 excludes pension cuts, includes 910 mln in expansionary measures
EconomyMacroeconomyFollowing the formal approval by the European Commission on Wednesday as part of the European semester, the Finance Ministry tabled to Parliament the final budget for 2019.
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Budget primary surplus at 6.46 bln in October on improved revenues and primary underspend
EconomyMacroeconomyThe budget primary balance came to a surplus of 6.46 billion euros in the first 10 months of 2018, according to the preliminary budget execution bulletin for October published by the Finance Ministry (MoF) on Wednesday.
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Backpay for civil servants gets "positive" measures rolling for government
EconomyThe Greek government has submitted to Parliament draft legislation that paves the way for thousands of civil servants to receive millions of euros in backpay, marking the start of a period of intense activity for MPs as the coalition plans to follow this up with other measures promised by Prime Minister Alexis Tsipras at the Thessaloniki Expo in September.
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Lenders focus on closing any fiscal gap for 2019 ahead of November 19 Eurogroup
EconomyProgrammeMonday’s Eurogroup did not provide any definitive answers regarding the negotiations between Greece and the institution over the 2019 budget but the indications are that Athens will be allowed to scrap next year’s pension cuts if it can re-assure the lenders that the 3.5 percent of GDP primary surplus will not be put at risk.
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General govt primary cash surplus at 5.21 bln in September, arrears fall by 411 mln
EconomyMacroeconomyGreece’s general government (gg) primary cash surplus came to 5.21 billion euros in the first nine months of the year, reduced by 116 million euros compared to the same period last year, according to the Finance Ministry’s (MoF) monthly gg bulletin.