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Capital controls trigger big rise in card use and VAT revenues, Bank of Greece data shows
EconomyMacroeconomy, it is estimated that it also results in an improvement of the long-term collectability by 0.4 – 1.7 percent. Based on those estimates, the BoG concludes that the increased use of cards in Q3 2015... 2016, while the effective rate is estimated to have increased by 1 percentage point due
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Rating agencies concur in improved prospects for Greece
Economyfiscal path with its creditors. The range of primary surplus estimates for the 2017-2020 period... this year with an estimated 1.5-1.6 percent growth leading up to 2.7 percent in 2019 and 2020 as estimated by S&P. The near-term macro outlook is built on an expected boom in investments that, thanks to EU
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Human Rights Commissioner calls for improvements to battered healthcare system
Societyestimates that there is currently a shortfall of 6,500 additional permanent staff in public hospitals..., particularly in intensive care and neonatal units. In 2017, it was estimated by the European Centre... potentially fatal hospital infections, with an estimated 3,000 deaths attributed to them. For the disabled
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Greece braces for potential impact of coronavirus on key economic sectors
PoliticsGreek PoliticsTheocharis estimates based on industry sources that the cancellation rate of Chinese bookings... referenced his French counterpart, who estimated the drop in French tourism at 30-40 pct... in economic activity. So far, it is estimated that 46 percent of departures from Asia to Europe have been
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Greece's updated proposals to lenders and how they compare to previous efforts
EconomyProgrammewith estimated revenues at 350 million in 2015 and 800 million in 2016. This measure actually reverses... with estimated revenues at 135 million in 2015 and 270 million in 2016. This corresponds to a 1 percent... for supplementary funds from 3 to 3.5 percent with estimated revenues at 120 million in 2015 and 250
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In 9th post-bailout review, EC sees reforms slowing due to pandemic
EconomyProgramme, the impact of the RRF is yet to be factored in in any growth estimates. Fiscal Fiscally, Greece... remain in place since November. The Commission estimates support initiatives in 2021 to reach 6.5 pct of GDP, from 9.4 pct in 2020. Based on the latest GDP estimates this could well exceed
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Newsletter 286 - 26/02/2021
. On a positive note, the impact of the RRF is yet to be factored in in any growth estimates. Fiscally... restrictions remain in place since November. The Commission estimates support initiatives in 2021 to reach 6.5 pct of GDP, from 9.4 pct in 2020. Based on the latest GDP estimates this could well exceed
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How big is the gap separating Greece and the institutions?
EconomyProgrammeto this year since the new VAT rates will be effective from July 1. Apart from the total estimated... to 3.5 percent with estimated revenues of 120 million for 2015 and 250 million for 2016... tax on gross revenues of Video Lottery Machines (VLTs) with estimated revenues of 35 million for 2015
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New Democracy tax pledges put spotlight on available fiscal space
EconomyProgramme, averaging 22 percent. This will have an estimated fiscal impact of 580 million euros. New Democracy has.... This means that the fall in revenues will burden the 2020 budget. It is estimated that the cut... reduction from 24 to 20 percent the following year. The cost of the second reduction is estimated at 600
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Q4 GDP contracts 0.6 pct QoQ, recession of 0.7 pct in 2015
EconomyMacroeconomypercent drop in Q3, the Hellenic Statistical Authority (ELSTAT) flash estimates showed on Friday... in Q4. ELSTAT said flash estimates are expected to be revised upon the release of provisional estimates due on February 29, also incorporating the December data for balance of payments
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