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BoG report highlights need for programme implementation, political consensus
Economyinvolve: 1) Addressing the issue of NPLs that would ease the burden on cooperative borrowers and enable banks to unlock tied-up funds. 2) Fast implementation of goods and services markets’ reforms
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Greece seeks EU help on refugees after Schengen threat but big challenges remain
PoliticsForeign Policythree actions to satisfy EU demands: 1) It activated the European Union Civil Protection Mechanism... pumps, tents, portable toilets and waterproof clothing, among other things. 2) It agreed
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Travel receipts drop by 4.1 pct in Oct for second straight fall
EconomyMacroeconomyyear target of 26 million will be achieved. This would correspond to a rise of 2 million over the 2014 figure. SETE has also estimated direct tourism revenues to reach 14.5 billion in 2015, up by 1
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Gov't hits back as pension reform row heats up
EconomyProgrammeof the government’s unofficial statement: 1) Any comparison of the new pension levels with those included... and the previous governments had made 12 cuts to pensions since then. 2) The domestic economic
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Newsletter 57 - 08/01/2016
equivalent to 1 percent of GDP is expected to be the most complicated part of the first review... to growth and reflected higher production. 2 Elusive search for a saviour Despite disappointments
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Drop in building activity accelerates to 11.3 pct in Oct
EconomyMacroeconomyGreece’s adjustment programme project a drop of 5 percent in 2016 and 1 percent in 2017 following... indicator of the European Commission recorded a deterioration of almost 2 points to -49.1 in December
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Greece seen improving refugee response but still under pressure to deliver in Feb
PoliticsForeign Policy, the key issues for a successful control of refugee flows are: 1. The construction of hot spots 2. Re
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Q4 GDP contracts 0.6 pct QoQ, recession of 0.7 pct in 2015
EconomyMacroeconomycompared to the Q3 drop decrease of 1 percent. In addition, Q4 GDP declined 2 percent YoY, decelerating
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Budget primary surplus jumps to 1.19 bln in Jan, largely on rising PIB revenues
EconomyMacroeconomyexpenditure largely reflects proportionally lower costs for: 1) Operational and other expenditure of 100... of the annual target of 5.16 billion 2) Transfers to other entities of 37 million (from 60 million
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Programme review talks continue, progress on tax, pensions and NPLs at a premium
EconomyProgrammeeuros (4.3 percent of GDP) from the following interventions: 1) Increase in the solidarity levy rates (314 million) 2) Increase in the tax rates on income from rents (142 million) 3) Increase in the tax
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