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Mandatory e-payments come into force as Greece seeks to boost card use further
EconomyFeaturespayment system, or who pay the fine within 30 days, will be subject to a fine of half the total..., but businesses did not match this with the means to pay electronically. To counter this, in April... the arrangements necessary for customers to pay electronically as well as by cash. The move targets sectors where
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PM goes big on minimum wage increase, but opposition unmoved
PoliticsGreek Politicsgrowth. The raise will take gross minimum pay from 663 euros to 713 euros per month an increase of 50... to benefit from what he described as “a decision of responsibility and solidarity”. The minimum pay rise... to the announcement by saying the new minimum wage doesn’t suffice to pay electricity bills, while KINAL
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A closer look at planned laws for unpaid taxes and home foreclosures
EconomyMacroeconomyof total. Of this amount, the Finance Ministry aims to collect revenues of at least one-third or 3... of this category stand at 2.3 billion, making up just 3 percent of the total amount. In contrast, 326,000... billion (97 percent of the total). The upper bracket, including those who owe more than 1 million each
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Newsletter 170 -13/07/2018
a decline of 1.1 percent. Total employment remained above 3.7 million. The overall labour force... revealed. June’s reduction brings the total for central bank funding to 16.31 billion euros for the month compared to May’s total of 20.87 billion, taking it under the 20-billion euro threshold
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Public sector hires under scrutiny again with more in the pipeline
PoliticsGreek Politicsbeen the sectors hit hardest by the departures, accounting for 44 pct and 22 pct respectively of total retirement applications in 2020, and 53 pct and 20 pct of the total in 2021. The government plans.... Total hires, including temporary staff, could exceed 45,000 in 2022 according to a plan presented
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Parties' competing tax pledges come up against challenging reality
EconomyFeaturesand their practical feasibility. Tax base A total 8,907,722 individuals declared income in the tax year 2017... an increase of 7 percent in the number of declarations over 2012. However, total taxable income fell... on an individual basis fell from 11,500 euros in 2012 to 9,015 in 2017, a drop of 22 percent. Total income tax
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Government tries to contain fallout from breach of voters' data
PoliticsGreek Politicsgiven the ongoing investigation into a potential data breach at the Interior Ministry. The MEP... Data Protection Authority, the Interior Ministry and a public prosecutor. It was also announced on Friday that Interior Ministry general secretary Michalis Stavrianoudakis and New Democracy’s secretary
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Investigations into voter email leak continue despite denials from government
PoliticsGreek Politicsof separate investigations by the Interior Ministry, a Greek prosecutor and the country’s Data...-Michelle Asimakopoulou from the upcoming EP elections and the resignation of a senior Interior... that the email list was leaked from the Interior Ministry during the tenure of the caretaker
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SYRIZA fails to make any friends with new public sector wage grid
PoliticsGreek Politicsof a total of 567,000 civil servants receiving pay rises of between 15 and 80 euros, spread out over... that this was not the major intervention in public sector pay that SYRIZA had hoped to make “but it stops... pay increases. The government has failed to convince the public sector workers’ union ADEDY that its
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ECB survey shows enduring preference for cash payments in Greece
EconomyFeaturesor 54 percent of the total value of all payments. Cards were used in 19 percent of cases, or 39 percent of the total value paid at a POS. But this trend was not consistent, with significant... other country surveyed to pay electricity bills in cash (56 percent). Around 85 percent of Greeks
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