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Greek VAT gap narrowed 22.4 pct to 4.9 bln in 2014, EC report shows
EconomyThe European Commission (EC) published a report on Tuesday examining the evolution of the VAT gap in EU countries based on the most recent data available, from 2014. The VAT gap is a measure of VAT compliance and it is defined as the difference between the amount of the collected VAT revenues
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Capital controls trigger big rise in card use and VAT revenues, Bank of Greece data shows
EconomyMacroeconomycontrols in July 2015 is having a positive impact on VAT revenues by improving collectability, the Bank..., the recent rise in the VAT rate is having a negative effect on VAT revenues and the BoG suggests the launch of more initiatives to widen further the use of cards as well as the lowering of VAT rates
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Meeting of Greek, Turkish foreign ministers raises hopes for constructive dialogue
PoliticsForeign PolicyThe first official meeting between the recently appointed Greek and Turkish foreign ministers, Giorgos Gerapetritis and Hakan Fidan, took place in Ankara last Tuesday It had a mostly positive outcome... counterpart Burak Akçapar on October 16 in Athens and their talks will be followed the next day by yet another
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Attention turns to next steps in solidifying Greek-Turkish relations
PoliticsForeign PolicyGerapetritis and Hakan Fidan, will have at least two meetings. Furthermore, in February, the two Deputy Foreign Ministers Alexandra Papadopoulou and Burak Aksapar will hold new talks within the framework
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Greece and Turkey launch latest round of talks, building up to Ankara visit by Mitsotakis
PoliticsForeign PolicyMonday’s meeting in Ankara between Deputy Foreign Minister Alexandra Papadopoulou and her Turkish counterpart Burak Akçapar signals the beginning of a new round of talks between Greece and Turkey... counterpart Hakan Fidan in Washington last Friday. The two ministers signed a joint declaration where
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Athens wary of implications from Erdogan's cancelled trip to Washington
PoliticsForeign PolicyMinister George Gerapetritis met unexpectedly with his Turkish counterpart Hakan Fidan in London. A tweet... with his counterpart, Burak Akcapar in İstanbul on April 26 for the 6th round of discussions
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Proposed VAT overhaul a stepping stone towards agreement with lenders?
EconomyProgrammeGreece and its lenders are broadly in agreement on the restructuring of Greece’s VAT system, which... night, explaining for the first time in public what the new VAT system might look like. Greece has currently two main VAT rates at 13 and 23 percent and a lower rate of 6.5 percent for hotel
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Is VAT all you've got?
Agorathe most of the skeptical troika finally giving in on a longstanding Greek demand for VAT in the food... that the troika had begun listening to Greece. Indeed, the VAT reduction represents something.... The government hopes the VAT cut will boost one of the biggest employers in Greece’s all-important
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Delay to final tranche over island VAT as lenders quash talk of pension cut reversal
EconomyProgrammeraised objections to the way in which Athens decided to extend the discount on VAT on five Aegean... consultation over the decision not to increase the VAT rate on the five islands in question at the end of June... the VAT rate on five islands,” said ESM managing director Klaus Regling after Thursday’s meetings
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Greece's key pledges and requests at the Eurogroup meetings
PoliticsGreek Politics, in due time, on a menu of innovative instruments to reduce the debt burden efficiently, including debt... agreement that during this period the Greek state will be funded under a minimalist menu that solves... or VAT hikes. The Greek authorities are determined to use these few months effectively, as opposed
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