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Newsletter 81 - 08/07/2016
as it involved upsetting one of Greece’s few large foreign direct investors only days ahead of Prime Minister... of a formidable foreign direct investor. Moreover, the supermajority achieved for the legislation – 223 MPs... served as important catalysts for direct foreign investment in Greece. The reality is, however
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Privatisations in Greece: A win-win that's difficult to achieve
Agorainternational standing, particularly as it involved upsetting one of Greece’s few large foreign direct... in parliament at the insistence of a formidable foreign direct investor. Moreover, the supermajority... consortium as well as the COSCO/OLP contract could easily have served as important catalysts for direct
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Budget primary surplus confirmed at 2.5 bln in H1 2016, tax revenues soar in June
EconomyMacroeconomy. Direct taxes rebounded 23.5 percent in June and 4.4 percent in the first six months of the year... of direct tax arrears and other direct taxes by 137 and 110 million respectively, more than offsetting
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SETE study presents short- and longer-term prospects of Greek tourism
EconomyMacroeconomythe overnight revenues are estimated slightly higher at 78 euros in 2021 from 75 euros in 2015. The direct... and uncertainty on future income. For 2021, the direct impact from tourism is seen at 25.45 billion corresponding to 12.3 percent of GDP. SETE also anticipates that the overall (direct and indirect
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Budget primary surplus reaches 3.6 bln in 7-month, monthly revenues miss target in July
EconomyMacroeconomybetter than target. In specific, direct taxes rose 6.6 percent in July and 5 percent in the 7-month... of direct tax arrears and other direct taxes by 127 and 66 million respectively. In contrast, income
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PBO report highlights short-term recessionary impact and tax-centric austerity of 2017 draft budget
EconomyMacroeconomyof tax increases would have a smaller direct recessionary impact, the report stresses that tax hikes... lead to lower direct and indirect taxes compared to the previous years’ figures as well as against... percent for expenditure. In addition, the ratio of indirect over direct taxes, which had recorded
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Current account balance turns to deficit of 198 mln in Oct
EconomyMacroeconomydirect investment declined by 80 million in October mainly due to the transfer of National Bank... (i.e. non-residents’ direct investment in Greece) rose by 536 million euros mostly reflecting...’ assets from direct investment abroad fell by 889 million, while the corresponding liabilities
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No fear of the bear? Bilateral economic relations between Germany and Russia
Agora), food and agricultural produce. By contrast, the bilateral foreign direct investment landscape shows no signs of decline. Per the Russian Direct Investment Fund, a sovereign-wealth fund set up to assist... half of the year. Direct investment rose to 2.05 billion euros in the first nine months of 2016
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Multiple potential benefits await Greece if it can clinch QE eligibility
EconomyFeaturesin a wide sample of countries, the BoG recently concluded that the direct impact from the announcement... banks Lower GGB yields will have a direct positive impact on banks’ capital due to the revaluation... inclusion of GGBs in the QE programme, is expected to have a number of direct and indirect positive
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Budget primary surplus of 1.73 bln outperforms target, tax revenues fall short in April
EconomyMacroeconomyshort of the target, while direct taxes slightly beat the target by 22 million. The aggregate figures.... The year-to-date outperformance is due to higher than targeted direct taxes to the tune of 319 million, which offset lower indirect taxes by 247 million. Direct tax arrears and property taxes beat
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