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  1. ND ready to flesh out its policy agenda, with focus on tax plans

    PoliticsGreek Politics

    less than 3,000 euros. However, there appears to be resistance from the lenders on the inclusion... its reduction over three years rather than two, thereby placing slightly less pressure on public... that the two bodies, in their new form, would be led by senior civil servants rather than political

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  2. Mitsotakis promises 'new normality,' lines up tax cuts straight away

    PoliticsGreek Politics

    towards owners of small properties. Their bills will be 30 percent lower. This is a bigger cut than... that the conservatives are starting to reduce ENFIA a year earlier than expected. They had pledged.... The introductory tax rate for anyone earning less than 10,000 euros will be reduced from 22 to 9 percent

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  3. ND prepares first three bills for votes before Parliament's summer recess
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    of Monday’s vote having anything other than symbolic value. The issue at stake was not how New Democracy... to be submitted by the end of the week, 3.4 million owners of property worth less than 60,000 euros... for the 14,706 people who own property worth more than 1 million euros. Interior Minister Takis Theodorikakos

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  4. Budget primary surplus confirmed at 381 mln in June
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    revenues came to 25.48 billion euros, higher than the target by 2.12 billion euros or 9.1 percent...). Tax refunds came to 2.03 billion euros in the aggregate period, higher than their target by 174..., beating their target by 1.94 billion euros, and standing 7.1 percent higher than for the same time last

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  5. Falling T-bill yields underline market confidence in Greek debt, promise lower servicing costs
    Photo by Panayotis Tzamaros/Fosphotos

    Economy

    Management Agency (PDMA) auctioned 625 million euros and was offered more than 1.5 billion, including 221... for the 52-week T-bills, which closed 2018 with a yield of more than 1 percent, to drop under 0.5 percent in the latest auction held in the middle of June this year. June’s issue was covered more than two

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  6. 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... tax by 205 million euros more than had been legislated by the previous government will add... reaching 31.8 percent, which is 3 percentage points lower than the previous figure and even more

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  7. Unemployment falls to 17.2 pct, stays below 18 pct for second month
    Photo by Giannis Papanikos/Fosphotos

    EconomyMacroeconomy

    firings than hirings. Compared to the same month last year, there were 6,081 fewer hirings than firings... 281,775 more hirings than departures. Ergani noted that the balance for the first seven months

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  8. BoG awaits go-ahead from DG Comp over NPL scheme
    Photo by MacroPolis

    EconomyBanking

    sooner than BoG’s plan. DG Comp in Brussels has been examining the HFSF plan because the bid... to more than 9 percent of the principal portfolio amount and is capital accretive to NBG (based on Q1... dropped to 81.8 billion euros, falling by more than 13 percent, or 12.6 billion, from the 94.4 billion

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  9. Budget primary surplus confirmed at 1.76 mln in July as revenues overtake expenditure
    Photo by MacroPolis

    EconomyMacroeconomy

    million euros. On an aggregate basis, gross revenues came to 31.10 billion euros, higher than... refunds came to 2.51 billion euros in the aggregate period, higher than their target by 253 million..., beating their target by 2.13 billion euros, and standing 6.3 percent higher than for the same time

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  10. Unemployment edges down again in June, falling to 17 pct
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    the Labour Ministry’s Ergani database for July showed that there were 14,691 more firings than hirings. Compared to the same month last year, there were 6,081 fewer hirings than firings in July 2019. The data... departures. In the aggregate period, the employment balance showed 281,775 more hirings than departures

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