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  1. PBO highlights budget, recovery risks in latest report
    Photo by MacroPolis

    EconomyMacroeconomy

    is 2.1 billion euros lower than during the same period last year. The PBO notes that although part of this shortfall is circumstantial due to factors like lower revenues, higher spending in the Public... reaching 31.8 percent, which is 3 percentage points lower than the previous figure and even more

    5%

  2. Newsletter 222 -04/10/2019

    Newsletters

    minimal and was lower in comparison to last week’s protest. Perhaps sensing that the second strike had..., whether they worked with them or not. The lower star category hotels were the most dependent... of Thomas Cook. Once again, the lower rated hotels will be hit the hardest in 2020

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  3. Draft budget sets ambitious growth target of 2.8 pct in 2020, plugs fiscal gaps
    Photo by MacroPolis

    Economy

    percent, and the lower social security contributions of full-time employees by approximately one percentage point will reduce revenues by 404 million. For enterprises, the lower tax rate on profits by 4... will be marginally lower at 257.21 billion, from 258.64 billion this year. Fiscal Council Ahead

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  4. PBO highlights areas of uncertainty for 2020 budget
    Photo by MacroPolis

    EconomyMacroeconomy

    of 635 million euros, followed by lower personal income tax worth 281 million and lower social security... which are less certain, like the 500 million euros from lower spending ceilings, the review

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  5. S&P raises Greek rating to 'BB-' on reduced fiscal risks, lifting of capital controls
    Photo by Panayiotos Tzamaros

    Economy

    lower. This means Greece is three notches away from investment grade for the two leading agencies... to 20 percent or lower.” Outlook The agency views favourably the latest constitutional developments..., if reforms implementation stalls and economic growth is significantly lower than anticipated then the outlook

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  6. EC sees growth at 1.8 pct for 2019, rising to 2.3 pct in 2020 and fiscal targets in reach
    Photo by MacroPolis

    EconomyMacroeconomy

    slowed to 1.5 percent year-on-year (yoy) mostly due to a decrease in net exports and lower... is lower than the 2.2 percent expected in the spring forecasts published in May, compared to a 2... and 1.1 percent in 2021. Public debt will decelerate to 169.3 percent of GDP in 2020 and further lower

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  7. Newsletter 227 -08/11/2019

    Newsletters

    (yoy) mostly due to a decrease in net exports and lower government consumption in the first quarter.... Overall, the EC expects Greece to grow by 1.8 percent in 2019, which is lower than the 2.2 percent... months of the year revealed that new tax debt totalled 5.27 billion, lower than the figure

    5%

  8. Greek govt gears for final Eurogroup of 2019, hoping for better terms
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    on the Greek economy. Among them is the insistence on the need for lower primary surplus targets. While... for looser targets comes with strings attached. These go back to pension cuts and a lower tax-free... for 2020, a full 0.5 percent lower than the government’s 2020 budget target, and 2 percent for 2021

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  9. Budget for 2020 eyes faster growth while balancing tax cuts with more revenues
    Finance Ministry

    EconomyMacroeconomy

    administration total 1.18 billion euros, with the lion’s share coming from lower taxes for corporations. These are costed at 616 million euros, followed by lower taxes and contributions for individuals at 404... of intakes from higher electronic transactions and lower spending ceilings by 500 million. Revenues

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  10. Eurogroup to approve release of bond profits but bid to repurpose funds falls flat
    Photo via Fosphotos

    EconomyProgramme

    like to use the funds to lower the tax pre-payment for private investment in capital equipment... request for lower fiscal targets will also be discussed next year, the eurozone official said.... The eurozone official said that the issue of lower fiscal targets has not been discussed so far.

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