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Newsletter 209 -07/06/2019
have an estimated impact of around 1 percent of GDP, or 1.8 billion euros, and is seen as being... was set to enter into force in January 2020. This involves not broadening the tax base as planned and not creating an extra 1 percent in fiscal space for growth-enhancing reforms of the tax system
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Mitsotakis vows to push on with tax cuts despite fiscal concerns
PoliticsGreek Politicsthe 2020 budget has to be sent to the European Commission and New Democracy will set out its four... the first hirings (1,500 people) would be made in the police force, adding that the 1:5 ratio may... that it would reach the 1:1 ratio the government has been implementing since the start of the year. Justice
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Newsletter 216 -26/07/2019
it believes will improve Greece. The government is set to bring three bills to Parliament by August... elections. The draft legislation is also set to contain a provision for the scrapping of the so-called... percent for properties ranging from 80,000 to 1 million, which relates to 1.5 million middle class
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BoG awaits go-ahead from DG Comp over NPL scheme
EconomyBankingpurpose vehicles (SPVs). The highest possible provisions have been set aside for such loans, which... properties worth around 1 billion euros. It is expected that the deal will open the way for Piraeus... of the majority share of the platform has been set at 328 million euros, with both parties aiming to close
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Newsletter 328 - 18/02/2022
Democracy leader also trailed a generous rise to the minimum wage from May 1, although he did not speculate... the 2 percent increase adopted on January 1. On the pandemic, the PM said he expects that the situation... recently grabbed the headlines after the murder of a football fan.EconomySpiralling prices set off wide
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From pipe dreams to power cables: the changing map of Greece's energy ambitions
Agorathe original version of the document which was adopted as recently as 2019[1]. Like most facets... in 2022, compared to 1 billion euros at pre-war prices. At EU level, the REPowerEU programme introduced... capacity of these cross-border projects is set at 17.2 MW, compared to the present level of 6.8 MW
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Athens ticking off prior actions one by one as EU keeps close watch
PoliticsGreek Politicslitres) to 200 and to 330 euros as of October 1, 2016. Also, the tax rate on farmers’ income is set... to visit Greece and check on the government’s progress in completing the tasks it has been set... actions set out in the bailout and preparing the ground for other major reforms, such as an overhaul
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Finance Ministry waits for new property values as talk of bad bank gathers pace
EconomyProgrammerequirement needed to set up such an organisation. Greece’s lenders have not been willing so far to direct... a blueprint on the set-up of national asset management companies (AMCs). The proposals show member states how they can set up national AMCs that are in full compliance with EU banking and State aid
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Government and banks reach deal over new scheme to protect main homes
EconomyProgrammeof the assessed, or “objective,” value of the property will be set at 250,000 euros. Under the Katseli law, the upper limit was set at 280,000 euros. The other main criteria will be the remainder of the mortgage, where the upper level has been set at 130,000 euros. The new system will also include under its
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Athens moves ahead with expansionary measures as it waits for lenders' response
EconomyProgrammeThe Greek government is set to find out this week what the institutions think about the package... with the lenders over the coming years. The amount is the equivalent of 3 percent of GDP (1 percent for each of the coming three years – 2020, 2021 and 2022). The idea set out by Prime Minister Alexis
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