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Industrial turnover up 0.4 pct in July for rare second straight month of growth
EconomyMacroeconomythe beginning of 2013. In addition, the July rate indicates two consecutive positive monthly readings... rate (+2.3 percent). In contrast, capital goods and consumer durables recorded the highest decline
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Sudden jump in unpaid taxes last month takes total to almost 70 bln
EconomyMacroeconomyThe rate of increase in Greece’s unpaid taxes significantly accelerated to 1.42 billion in August from around 1 billion in the preceding two months, according to data provided by the General... year, the target has been set at 25 percent, with the year to date rate at just over half the target
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Primary surplus inches up to 2.9 pct in Greece's 2015 draft budget
Economyrate of 13 percent for another year c) Reduction in the excise tax on heating oil by 30 percent d...) as well as Prime Minister Antonis Samaras’s announcement for a reduction in the corporate tax rate
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Greek disposable income continues its slide in Q2, reached 29 pct during crisis
EconomyMacroeconomyGreek household disposable income fell by 4.3 percent year on year (YoY) in the second quarter (Q2) of 2014 to 30.8 billion, according to the Hellenic Statistical Authority (ELSTAT). Q2 rate of drop... billion in Q2 from -1.04 billion last year. A similar trend was also displayed in the savings rate
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In survival bid, coalition seeks to ease taxpayer burden, secure early bailout exit
PoliticsGreek Politicson surcharges. The annual interest rate for the debt is set at 4.56 percent from more than 8 percent... well above 15 billion. The legislation tabled by the coalition also maintains the VAT rate
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Newsletter 1 31/10/2014
. Credit contracts at 3.5 pct in Sept The rate of Greek credit contraction remained at 3.5 percent... economy. While speculation about the failure rate of Greek banks was ripe mainly among non-Greece based
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August trade deficit shrinks by 29.5 pct as imports fall faster than exports
EconomyMacroeconomyGreece’s trade deficit narrowed by 29.5 percent in August, after soaring by a similar rate in July, according to the Hellenic Statistical Authority (ELSTAT). The absolute figure showed the trade...-single digit rate (+5.2 percent) to 13.54 billion euros, decelerating from the 11.3 percent increase
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How Samaras backed himself and Greece into a corner over bailout exit
Agorathe European Stability Mechanism at a rate of around 2 percent and with no interest payments due for 10 years so it can go to the markets to borrow the same amount at a rate that could be much higher
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Troika piles pressure on coalition by insisting on key actions to conclude review
PoliticsGreek Politicsproducts and services to the top VAT rate of 23% and lifting the low rate applicable on islands
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The politics of debt dynamics in Greece
Agoramaturity of the European loans is currently 32 years and at a rock bottom interest rate of 1.5... for an economic recovery reaching 0.6 percent this year and a rate of growth of 2.9 percent in 2015
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