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Newsletter 135 - 13/10/2017
revenues stood at 27.99 billion euros in August, it can be concluded that for every 3.5 billion of taxes collected, 1.07 billion of taxes remain outstanding each month. Tsipras off to US after tricky vote... brushed off difficulties within his coalition this week to set off for the USA on Friday
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Privatisation revenues edge upward as end-of-year deadline looms
EconomyFeatureshigher than the initial offering of 600 million. The current concession ends in 2026 and the new one... for interested parties to provide financial advisory services. In June, PPC approved the spin-off... Corporation for Assets and Participations with the intention of them being sold off. The Ministry denied
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Budget primary surplus at 3.16 bln in December, missing target for full year by 443 mln
EconomyMacroeconomy5.34 billion euros, off target by 1.01 billion euros. The MoF noted that the shortfall was mainly due to 1.12 billion euros related to the concession agreement of Athens International Airport for 2026... billion euros. The negative balance in the aggregate period was off target by 481 million euros
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Under increasing domestic pressure, govt awaits EU signs for response to energy security threat
PoliticsGreek PoliticsRussia’s decision to act on its threat to cut off gas flows to Poland and Bulgaria in a row over... long-term contract with Gazprom which extends until 2026, while private importers have contracts out... could minimise the impact of a potential Russian shut-off in the short term. Political reactions
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Newsletter 391 - 01/09/2023
maturity seen in 2026 at 8 billion euros, and 7.1 billion euros in 2023. These mitigating factors..., allowing Greece to stay off the markets for as long as three years, in the event of market turbulence... brought it to the highest since the summer of 2020. Consumer confidence is also well off the recent
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Newsletter 397 - 13/10/2023
in the regions it did not take from the first Sunday, the run-off votes will take place between ND-backed... the incumbent Kostas Bakoyiannis in a run-off. Following the result in Athens, SYRIZA announced that it would... privatisations. Earlier in the summer, Fitch placed the average growth outlook to 2-2.5 pct up to 2026, driven
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Mitsotakis dangles carrot of more tax cuts as SYRIZA heads for leadership vote
PoliticsGreek Politicsin 2026 and 2027. His government has already set out the tax cuts for next year. They are dominated... better off due to less tax evasion, and that if this becomes a permanent feature, he... and ex-minister Pavlos Polakis are seen as the two favourites to go into the run-off vote a week later
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PM accepts economic recovery not being felt by all, argues for more time
PoliticsGreek Politicsof conservative MPs have expressed concern about voters not feeling better off financially even though... on Monday his pledge to lower taxes permanently from 2026, provided efforts to tackle tax evasion and boost revenues pay off. This is also predicated on the government convincing Greece’s European partners
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Submarine deal resurfaces, threatening new political divisions
PoliticsGreek Politicswas signed in 2010, when the Abu Dhabi holding company agreed to buy a 75.1-percent stake... there were stability problems with the first, German-made, submarine. The legal stand-off between Greece... but with European elections coming up in May and speculation that general elections might not be far off
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A breakdown of Tsipras's pledges on economic strategy in Thessaloniki
Economythat 48 billion of unpaid taxes will most likely be written-off. A similar process will also... as there is little dispute that there is a need to tend to those that have fallen off the safety net... of the negotiations’ agenda and require the buy in of the troika.
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