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Manufacturing PMI drops to 46.5 in April, lowest reading since June 2013
EconomyMacroeconomy, the rate at which jobs were lost was only marginal. A lack of pressure on productive capacity remained in April, with the decline in backlogs of work falling at the fastest rate over the last three... moderated pace. At the same time, the post-production inventories fell month on month at a rate
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Industrial production shoots up by 5 pct in March for highest rise since 2007
EconomyMacroeconomy, at an accelerating rate of 5 percent in March after rising by 1.9 percent in February, according to the Hellenic Statistical Authority (ELSTAT). The March rate is the highest reading since November 2007 and the just the fifth positive rate over the past fifteenth months (since the beginning of 2014
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Greek SMEs face biggest obstacles to finance in euro area, ECB finds
EconomyMacroeconomyfor countries such as Germany (23 percent), but not for Greece where the respective rate of 5 percent... single-digit rate for the eurozone average. At the same time, the availability of external financing... by 28 percent in Greece. This rate was by far the highest among the euroarea countries
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The key numbers behind the latest Greek proposals
EconomyProgrammethe corporate tax rate from 26 to 28 percent with estimated revenues at 260 million in 2016 2) Increase... measures in case of fiscal shortfalls: 1) Increase the tax rate on income for rents with additional revenues estimated at 200 million 2) Increase the corporate tax rate by an additional one percentage point
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Have inflation "repay" Greek debt and growth reduce indebtedness
Agoralong time; if (b) those loans carry an interest rate of zero or close to it; and if (c) we... at an interest rate of zero, this debt would be cost-free to Greece during this period and upon maturity... 80 billion euros for 50 years and to reduce the interest rate to zero, Germany’s annual cost
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July trade deficit lands at 715 mln as imports post biggest drop on record
EconomyMacroeconomyfell at a slower pace by 8 percent. The rate of drop in trade deficit is the biggest since 2005... years. Similarly, July recorded the biggest monthly rate of decline in imports since 2005... tumbled 56.3 percent with imports dropping at a slower rate (-22.6 percent), while exports increased
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Newsletter 48 - 23/10/2015
lenders, the coalition finally decided to apply a 6 percent VAT rate for private tuition schools, as well as music and dance academies, and a 13 percent rate for non-state schools. Kindergartens... of the government’s initial plan to apply a 23 percent rate across the board for private education. However
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Government tables 2016 budget, upgrades GDP forecasts but leaves fiscal estimates unchanged
EconomyMacroeconomyexpects a similar rate in 2016 (from 25.8 percent before). Following the upgrade of real GDP forecasts... stem from the VAT streamlining, increase in the corporate tax rate and the advance tax payment for self... taxation on farmers, the increased rates in rental income, the tax rate of 30 percent on OPAP Video
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Coalition considers options for addressing pension system sustainability
EconomyProgrammethe insured based on the current system of defined benefits and with a unified replacement rate applied... to be achieved not only from pension cuts but also from the contribution rate increase, with government sources... horizontal pension cuts and proposed a recalculation of pensions based on a unified replacement rate
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Greek households most overburdened with housing costs in EU
Societyoverburden rate in the EU, according to new EU-wide data. Eurostat figures on housing conditions...), the Netherlands (15.4 percent) and Romania (14.9 percent) in terms of the housing cost overburden rate... dwelling, the 13th highest rate out of all EU member states and just above the EU average of 72 percent
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