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Study shows 341 mln a year in tax lost from short-term rentals
EconomyFeaturesThe Hellenic Chamber of Hotels has called for a fairer system of taxing accommodation for tourists... countries for visitors. He noted also that the hotel industry has recorded positive performance since 2015, most notably in the 3 and 5 star sector. “At the same time, we find that short-term leasing has
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China's footprint in Southeast Europe: Constructing the "Balkan Silk Road"
Agoraas well as Russia. The three contributions are based on a report which the author has written... across Africa to the Middle East and Europe. Beijing's vision of BRI has geo-economic implications... China has begun to establish in the Balkan region even before the official launch of the BRI two years
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Onus on Athens to speed up review after German election result
PoliticsGreek Politicsto prompt European leaders to wait until the new government has been formed, which could take several months. The FDP has taken a hardline stance on Greece during the campaign, with its leader Christian... Bloomberg in August. “Greece gets a debt cut, the money is gone, but for that Greece has to leave
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Newsletter 133
, it appears that a solution has been found – much to the relief of the government in Athens... organisation’s demand for a new set of asset quality reviews (AQRs) to be conducted. The IMF has... for the government to navigate its way through the third review. However, the IMF has also called for the reduction
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Mitsotakis targets working class votes, centre-left struggles with leadership race
PoliticsGreek Politicsclass – a section of society where his party is competing for votes with SYRIZA, which has repeatedly... on Thursday that this was a deliberate choice as the area has been hit hard by unemployment... months. Two recent opinion polls have suggested that SYRIZA has started eating away at the big lead
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Newsletter 134
The government has acknowledged that the fiscal targets of the 2018 draft budget may be hampered by a tax-weary public. figure for 2018 has also been lowered from 52.94 to 52.49 billion euros... that it would wait until KAS's ruling has been published before it makes any decision. The consortium that has
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Athens rushing to reduce arrears and secure 800 mln in bailout funds
EconomyMacroeconomyof arrears has barely moved. In the case of tax refunds, the figure has actually increased from... to the private sector has jumped from 5.1 billion in June to 6.03 billion in August. In the draft budget..., which has accounted for a sizeable part of the ESM disbursements. A combined 4.3 billion euros has
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PM hopes to avoid stumbling blocks amid numerous outstanding review actions
PoliticsGreek Politicsof the year. This, however, means that his government has to move very quickly in the coming days... Naftemporiki newspaper that there has been significant progress on another 10-15 key deliverables... from the volume of work that has to be done over the next few weeks, the complexity of some
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Economic sentiment at 98.3 pts in October, consumer confidence drops -0.3 pts
EconomyMacroeconomyrepresents a drop of 2.3 points in the overall index month-on-month. ESI has been improving since May..., ESI has improved by 3.2 points since January and 5.1 points since May. Consumer confidence declined... points in October. On a year-to-date basis, the index has gained 13.8 points, having recovered from
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Tsipras eyes review conclusion, insists SYRIZA patience will pay off
PoliticsGreek Politicssuggested that the opposition party has yet to realise that the government is well on the way to achieving... and that it will be distributed among low-income social groups, as the government has promised. Further details were not provided... during the meeting although this was later denied by ministry sources. Mouzalas has long been
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