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Pensions continue to be main source of income for half of Greek households
Societyof Professionals, Craftsmen and Merchants (GSEVEE) has found that while the economy is expected to stabilise... fall into the category of long-term unemployed. One in five households has a member who gets paid... a business (5.9 percent). Households reporting pensions as the main source of income has risen compared
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Special tax structure would benefit hotels and jobs, bank argues
EconomyFeaturesand harness investments, Alpha Bank’s weekly financial bulletin has highlighted. Focusing its first section... quoted in the report, the hotel industry in Greece has undergone strong growth since 2004. In 2004.... However, the report notes that while the hotel industry has gone from strength to strength
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Athens launches drive to pre-pay part of IMF loan, bringing budget benefits
EconomyProgrammeGreece has launched the formal process to pre-pay part of the loans it has received from... is the SDR’s interest rate plus 100 basis points, however loans made by the Fund that exceed... the expensive part will be prepaid,” he said. “So Greece would save interest payments and the IMF has
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The case for a general government balance sheet
Agorawill be necessary. Has any political system that the reader is aware of discussed this dynamic of the state? Has... with the continuation of arrears, this shows that financial administration in Greece has some way to go. High accounts... sheets has come. The Maastricht criteria are helpful markers, as far as they go, but they leave too
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Govt turns attention to more relief measures in absence of snap polls
PoliticsGreek Politicsunconvinced that Mitsotakis has genuinely abandoned plans to hold snap elections, media reports over... at the Thessaloniki International Fair in early September. The PM has already announced that he will scrap... to the minimum wage, after two rises this year, so it reaches the pre-crisis level of 751 euros, plus other tax
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Newsletter 427 - 14/06/2024
in the European Parliament elections has triggered a series of developments in Greek politics, which... earlier opinion polls has bought the new SYRIZA leader some time. However, he faces an uneasy three... party that he has during the recent rally in the opinion polls. Social democrats PASOK also failed
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Athens eyes GSI workaround to avoid dispute with Turkey
PoliticsGreek Politicssay they will throttle growth. Turkey has revived its "grey zones" doctrine to challenge the Greece.... Ankara has also objected to the recent publication of Greece’s special spatial framework for renewables... Katrinis telling parliament the strategy has "shipwrecked" and ELAS demanding the prime minister
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Newsletter 173 -07/09/2018
, Mitsotakis to follow In what will be one of the last throws of the dice he has to recover support, Prime... to a reduction in the ENFIA property tax (a measure that has also been promised by New Democracy... has for Greece’s pension system. He had flagged up in a recent interview his intention to scrap the so
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On Portugal, PSI and a national salvation pact
Agoraon a PSI in the next month or two for it to be effective by the middle of June. You mean a PSI plus... a primary budget surplus of 4.3% of GDP. Portugal has had a negative primary budget balance for over... and complete market access has been restored, including an issuance calendar, high issuance volume
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Greece shelves water privatisation plans, leaving gap in revenue targets
Economy(EYDAP), ruling that it was unconstitutional. According to the decision, the state has... stake to a strategic investor, has also been put on hold. EYATH’s tender process had been launched... 50 percent (plus one share) out of the total 74 percent held in EYATH to the Greek State
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