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  1. New fiscal measures aim to edge Greece closer to deal with lenders
    Photo by Harry van Versendaal

    EconomyMacroeconomy

    in almost all products and services, while the reduced VAT rates in islands will probably be abolished... to price increases across the board for most products and services in the affected islands. 2

    5%

  2. Downturn in retail trade eases to 0.4 pct in March

    EconomyMacroeconomy

    percent), furniture, electrical and household equipment (+5.9 percent) and pharmaceutical products... percent) and pharmaceutical products and cosmetics (+8.5 percent). ELSTAT also published on Friday

    5%

  3. A closer look at Greece's revised proposals to lenders

    EconomyProgramme

    VAT rate from 6.5 to 6 percent and a reshuffling of products and services in the other two VAT rates... and water. All the remaining products and services will be covered by the high VAT rate of 23

    5%

  4. How big is the gap separating Greece and the institutions?
    Photo by TP via Flickr https://flic.kr/p/5WRaRc

    EconomyProgramme

    proceeds, a key difference lies with the allocation of products in the VAT rates. In particular... of “basic” food proposed by Greece. This means that a large scale of basic food products such as milk

    5%

  5. Greek trade deficit plunges by 24.2 pct in May
    Photo by MacroPolis

    EconomyMacroeconomy

    billion, the third highest in the 5-month period of 2014. Excluding the impact of oil products though... at 18.45 and 10.73 billion respectively. However, excluding oil products, exports and imports increased

    5%

  6. Greek business feeling the pinch from capital controls
    Photo by MacroPolis

    Economy

    materials and intermediate products for domestic production are imported. This means that most export companies buy raw materials from importers of those products. Under current circumstances, importers

    5%

  7. Trade deficit shrinks by 14.1 pct in June as fall in imports outpaces export decline

    EconomyMacroeconomy

    products, the trade deficit fell at a higher pace (-20.6 percent) as exports rose by 18 percent... with imports at 22.24 billion and exports at 13 billion. Excluding oil products, trade deficit posted a slower

    5%

  8. Draft bill sees millions in savings and revenues from variety of bailout interventions

    EconomyProgramme

    percent similar to that for the other meat products. However, this is more than offset... industry, change in the framework for travel allowances, reduction in the price of pharmaceutical products

    5%

  9. European Commission evaluates impact of bailout programme
    Photo by Stuart Chalmers via Flickr https://flic.kr/p/49JB98

    EconomyProgramme

    percent for all other products and services. In addition, the VAT discounts for the Aegean islands... had a tradition of taxing a very large proportion (54 percent of VAT taxable base) of products

    5%

  10. Retail sales fell by 1.7 percent in June, after a short-lived rise in May
    Photo by MacroPolis

    EconomyMacroeconomy

    by furniture, electrical and household equipment (-9.2 percent), pharmaceutical products and cosmetics (-4.1... to a marked rise in automotive fuel (+7.9 percent), followed by pharmaceutical products and cosmetics

    5%