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Newsletter 404 - 01/12/2023
in the Greek authorities’ assumption that investments will jump and will withstand the high rates of monetary... and then it will be cautious about relaxing policy so rates could stay at 3 pct for the entire 2025, keeping the cost..., at 4.26 million employed. Unemployment rates across all categories improved, with women’s dropping
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BoG revises 2024 growth down to 2.5 pct, advocates wide range of policies and reforms
EconomyMacroeconomyrates being kept high for longer than initially thought. The ECB is not expected to consider lower policy rates before the summer of 2024. Even if the lower projections materialise, Greek GDP... market rates in the longer-term; the private debt overhang and the bad loans impact on economic
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Fitch takes no rating action, leaves outlook stable
Economyhigh public debt levels (though steadily declining), low investment rates, structural external... rates, combined with a credible fiscal framework, ensure manageable financing risks despite recent... achieving one of the highest grant absorption rates in the EU. Despite these gains, economic legacies
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Tax and banks dominate government's thoughts amid opposition, public pressure
PoliticsGreek Politicssentiment. Complaints about high bank charges, unattractive interest rates and low savings rates have been... of lower lending rates and charges. Tax levels The PM faces similar complications on the tax front due
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PM set on sharing out more economic benefits in bid to recover support
PoliticsGreek Politicsto bring down income tax rates, which Mitsotakis is aiming to present at the Thessaloniki International... rates to wages, while the other is based around bringing down the 22 pct rate that applies to incomes between 10,000 and 20,000 euros. The higher rates, 36 pct for incomes between 30,000 and 40,000 euros
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Newsletter 257 -07/07/2020
impact of 2 billion, taking the total to date to 14-15 billion euros, which rises to The EC’s forecast... Greek pension funds based on several theoretical collectability criteria. Total overdue SSCs have... for an aggregate amount of 4.60 billion euros (12.7 percent of the total). Overall, 1.6 million debtors fall
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Newsletter 224 -18/10/2019
surplus over the next three years before a total deficit of 0.5 percent in 2023 and 2024. The IMF... it expects to run a total surplus of 0.1 percent next year. Tax repayment scheme receives strong... to the Independent Authority for Public Revenue (IAPR), a total of 722,109 taxpayers applied to the scheme
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General govt primary cash surplus at 1.44 bln in February, arrears up by 133 mln
EconomyMacroeconomy, bringing the total figure to 68 million euros. The equivalent figure for the same time last year was 1.22 billion. A decline was also noted in social security funds (SSFs), where the total fell by 289... was observed, taking the total to 7.17 billion euros. This was followed by other revenue with a small
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Is Greece on track to decouple from fossil gas?
Agoraof reduction of total gas consumption decided by the European Union for all its member states... pipeline. Total gas consumption The measures taken -admittedly late- by the European Union to safeguard... a reduction in the total consumption of fossil gas -not just Russian- of at least 15% over the period
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General gov't primary cash surplus widens to 2.6 bln in Aug, arrears up by 2.15 bln
EconomyMacroeconomyMoM (+114 million) and YtD (+804 million) rise to a total of 2.57 billion at the end of August making... billion in August, corresponding to 20.7 percent of total. Tax refunds’ arrears are the third key contributor to total stock with its balances landing at 809 million at the end of August making up
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