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Tsipras and Mitsotakis gear up for economy pledges, with eyes on fiscal targets
PoliticsGreek Politicsexamining the possibility of poor families, with annual incomes of less than 9,000 euros and properties worth less than 85,000 euros, being completely exempt from ENFIA. They currently have a 50 percent... years. The government’s intention to set out relief measures for the next four years, rather than
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Car sales rise by 36.8 pct in August with aggregate increase at 28.1 pct
EconomyMacroeconomycar sales was recorded. Although the overall rise in car sales in 2017 was higher than that for 2016 (+11 percent), and higher than 2015 (+13.5 percent), it remained less than half of the record high
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Building permits rise by 16.2 pct in June and 7.5 pct in first half of year
EconomyMacroeconomyof permits came to 13,847. Although this is higher than that for 2016, it remains around 86 percent lower than the peak of 95,730 permits issued in 2005. Much of the current building activity also centres around refurbishments rather than new builds. The most recent quarterly Bank of Greece (BoG
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Tsakalotos states case on pension cuts in bid to overcome lenders' reluctance
EconomyProgrammebut it is the discussion with the institutions over next year’s pension cuts, rather than market access... rather than the European institutions. For some policy makers, the difficulty is not in accepting..., not to be softer than his predecessor, Wolfgang Schaeuble. The CDU’s reluctance to make concessions was evident
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Moody's explains cautious approach to Greek credit rating upgrade
Economyremains positive on the back of a potential of faster than anticipated growth as past reforms start... will also be triggered by a successful return to market funding, as well as faster than anticipated... front, the government’s needs will decline to less than 10 percent of GDP over the coming years thanks
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Athens prepares 2019 draft budget amid pension cuts dilemma
EconomyProgrammethe return of the ANFA and SMP profits from Greek bonds. The first instalment of more than 600 million euros is due shortly. More than the possibility of losing these funds, Tsipras will be worried about... as Greek bond yields are higher than the government would like. It has been suggested that one option would
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Privatisation revenues edge upward as end-of-year deadline looms
EconomyFeatures. However, the approval of the purchase is still pending more than two months later. It also contained.... The approach by the HRADF regarding these ports is being structured as sub-concessions rather than... higher than the initial offering of 600 million. The current concession ends in 2026 and the new one
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Banks submit new NPL targets to SSM, with sales leading way in reduction drive
EconomyBanking, 1.6 billion lower than the target of 90.2 billion. The new targets encompass current reduction goals... than the European average of less than 5 percent. As Greece tries to woo back foreign investors
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Building permits rise by 9.8 pct in July, up by 8.4 pct in 7-month period
EconomyMacroeconomyof permits came to 13,847. Although this is higher than that for 2016, it remains around 86 percent lower than the peak of 95,730 permits issued in 2005. Much of the current building activity also centres around refurbishments rather than new builds. The most recent quarterly Bank of Greece (BoG) figures
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GDP revision for 2017 points to slight improvement from initial estimates
EconomyMacroeconomythan the 9.6 percent growth seen in March. Exports growth, also in volume terms, remained the same... percent, slower than the initial nominal growth estimate of 9.9 percent. Exports increased by 12.1 percent... higher than initially estimated, up 12.8 percent from 12.2 percent. According to the latest data
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