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Coalition starts to feel backlash from latest round of measures
PoliticsGreek Politicson private education. After indicating that it would impose a 13 percent rate on private schools and 6 percent on tuition classes, rather than a 23 percent rate across-the-board as had initially been
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Retail sales down by 4 pct in August for third straight fall
EconomyMacroeconomywith just a single growth rate of 2.4 percent recorded in May. Retail volume also fell but at a slower rate by 2.2 percent in August, after a bigger drop of 7.2 percent in July, mainly reflecting
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Athens ticking off prior actions one by one as EU keeps close watch
PoliticsGreek Politicsto do with its stalled plans to impose a 23 percent VAT rate on private education. Athens is still... litres) to 200 and to 330 euros as of October 1, 2016. Also, the tax rate on farmers’ income is set
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EC sees milder Greek recession in 2015, debt ratio to climb to 200 pct in 2016
Economyof the recapitalisation process. The unemployment rate is seen at 25.7 percent in 2015, edging up to 25.8... that the favorable interest rate outlook, better cash management and the back-loaded repayment
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Trade deficit falls by markedly accelerating pace of 24.2 pct in Sept
EconomyMacroeconomyThe drop in Greece’s trade deficit accelerated to 24.2 percent in September from 8.8 percent in August, Hellenic Statistical Authority (ELSTAT) data showed on Friday. The September rate..., peaking at -32 percent in July. The rate of export fall is relatively smoother than that of imports
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OECD sees recession in 2015-16, stresses need for reform implementation
EconomyMacroeconomy) released on November 5. However, the OECD sees the Greek economy recovering at a slower rate of 2.1 percent... the unemployment rate easing to 25.2 percent in 2015 from 25.7 percent in its June forecasts, while
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CPI drops at decelerating pace of 0.9 pct in Oct
EconomyMacroeconomypercent in September. The October rate is the lowest negative reading since February 2013, when HICP..., the highest deflation rate of -2.9 percent was recorded in November 2013 at -2.9 percent. Since
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Government in race against time to resolve bailout issues
EconomyProgrammedebtors, equivalent measures for not imposing a VAT rate of 23 percent on private education and lower... per annum to compensate for not imposing the VAT rate of 23 percent on private education, which
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Greek economy surprises in Q3, eases by a marginal 0.5 pct
EconomyMacroeconomy. The drop in Q3 was the first negative reading since Q1 2014. The drop rate in Q3 is also much better than... to grow by 0.5 percent and investments to dive by a much higher rate of 16.6 percent. After the release
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Newsletter 52 - 20/11/2015
as well as other indicators such as GDP growth, unemployment rate and demographic data on life... at a snail’s pace. In fact, it has been calculated that at the current rate it would take the EU 166 years
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