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Lenders urge new government to meet fiscal targets as Athens issues 7-year bond
EconomyProgrammein the tax-free threshold for incomes next year. Although the measure was scrapped by the previous SYRIZA... this year. The Bank of Greece has suggested that the primary surplus might end up at 2.9 percent rather... bridging the fiscal issue next year. Bond In a bid to capitalise on the positive mood surrounding
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ND ready to flesh out its policy agenda, with focus on tax plans
PoliticsGreek Politicswith the public sector hirings that have been planned for this year. The message from New Democracy... by the previous SYRIZA government earlier this year. The leftists lowered the levy in a way that meant... replace SYRIZA’s reduction this year with its own 10 percent horizontal cut, and follow this up with two
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From a tsunami of debt to some sense of normality
Agorafor public debt management in the first post-bailout year. A cautious approach was followed as Greece.... Halfway through the year, the PDMA has achieved its goal. It has issued three bonds of 5-, 7... that Greece has managed to issue three bonds in a year since 2010. One just needs to look at the debt
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Hatzidakis announces strategy for partial privatisation of PPC
EconomyFeaturesIPTO SA stood at 64.7 million euros compared to 56.7 million euros last year, a rise of 14.2 percent... government came into power, PPC’s end of year market share stood at 94.5 percent. By the end of 2016, it came... be “crazy enough” to buy it. Dire finances PPC’s full-year results for 2018 showed losses of 542
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ND prepares first three bills for votes before Parliament's summer recess
PoliticsGreek Politicsthat will define its four-year term. Given its clear majority in the House, there was no question... much ENFIA they will have to pay in the coming months. This year’s bill will be lighter by 10 to 30... confirmed that New Democracy wants to proceed over the next four year’s with its plan to replace
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New overdue taxes rise continues to decelerate, total debt at 104.73 bln
EconomyMacroeconomymonths of the year revealed that new tax debt totalled 3.61 billion, lower than the figure for the same period last year by 30.5 percent. In May, the total stood at 3.14 billion euros. New unpaid.... For the first six months of the year, of the 139.06 million due for income tax, 87.1 million have been
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What brought down Golden Dawn?
Societyin the next elections in September of that year, but achieved a slightly higher percentage (6.99 percent.... The trial is expected to end in the autumn of this year, and the prosecution team are confident... frozen, starving it of over a million euros a year (1,272,465 euros in 2018 alone). State funding
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Retail turnover rises by 2.3 pct in June, volume up by 2.3 pct
EconomyMacroeconomya challenging year so far, having declined annually in four months during the first half of the year... takes the improvement in consumer confidence compared to August last year to 36.8 points. It should..., after a 4.5 points increase in July, and showed a decline of 2.9 points year-on-year. The overall
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NBG reports net profits of 122 mln in Q2, highlights successful bond sale
EconomyBanking-on-quarter (QoQ), this represents a decline of 7 percent. For the first half (H1) of the year, net... quarter-on-quarter (QoQ) to 165 million. Compared to H1 last year, PPI rose by 26 percent to 310 million... highlighted upcoming sales expected to take place in the third and fourth quarters of this year
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Trade deficit rises by 6.3 pct in July
EconomyMacroeconomyGreece’s trade deficit rose by 6.3 percent year-on-year (YoY) in July compared to a drop in 22.9... billion euros, recording a rise of 7.2 percent compared to the same month last year. A breakdown.... The aggregate figure for the first seven months of the year showed that the trade deficit
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