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Greek pensions laid bare
Agora1 percentage point. This reflects the fact that GDP contracted by around 14 percent over... under 9 billion, or 5 percent of GDP, in 2014 The state’s total contribution to the social security
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Greek talks go down to the wire as IMF raises major objections
PoliticsGreek Politicsin revenues from VAT at 1 percent of GDP (1.8 billion) versus 0.74 percent (1.36 billion) included... contribution for pensioners to 6 percent (from 5 percent in the Greek proposal), abolition
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Rare rebound for retail trade with 2.5 pct rise in May
EconomyMacroeconomypercent), department stores (-1.7 percent) and automotive fuel (-1 percent). In contrast, retail...), clothing and footwear (+5 percent) and supermarkets (+3.7 percent). On a monthly basis though
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Agreement on third bailout with revised fiscal and macro targets, host of prior actions
EconomyProgramme: 1) Gradual elimination of grandfathering to statutory retirement age and early retirement pathways... property tax (ENFIA) for 2015 and submission of the relevant tax bills to taxpayers within September. 5
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Greek government commits to new fiscal measures for third bailout
EconomyMacroeconomyfor 2016-19. Among others, the latter will include: 1) The second phase of pension reforms 2) Reform... increasing to 20 percent in 2016 and further to 26 percent in 2017 4) Tax on television advertisements 5
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IMF aligns Greek projections with EU, revises down GDP
Economyfull year GDP fall. Greek GDP grew by 1 percent in the first half of the year so for the full year recession estimate of 2.3 percent to be met, GDP needs to contract by more than 5 percent in the second
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Current account balance shows a surplus for third straight month, at 2.09 bln in August
EconomyMacroeconomycorresponds to lower imports by 4 billion. At the same time, exports fell by 5.8 percent or 1 billion. BoG... slipped month on month to 5 billion in August, from 5.1 billion in July, while remained stable YoY.
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Travel receipts rebound by 7.3 pct in August, partly reflecting higher spending per trip
EconomyMacroeconomythis month showed international tourist arrivals at the main Greek airports rose by 5 percent... stand 2 million and 1 billion above last year’s items respectively. SETE also said that subject
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Growing hopes that Greek recession will be milder than expected
Economy5. The breakdown showed a drop in private consumption by 1.6 percent in 2015, exports by 1.5 percent... presented this week its updated forecasts calling for a GDP contraction of 1 percent this year from 2
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Greece fell two places to 60th in Doing Business ranking, World Bank says
Economyslipped 1 place to 132nd. In registering property it remained unchanged in 144th spot. Getting Credit... requires 5 procedures, takes 13 days and costs 2.2 percent of income per capita. For Dealing
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