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Authorities aim to collect up to 11 bln after strong uptake in overdue tax scheme
EconomyThe scheme to allow taxpayers to settle their debts in 120 instalments attracted over 1.2 million applications, the government said. The scheme closed on October 7 and is expected to add extra revenue to state coffers. The deadline for the closing of th...
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Disposable income rises by 5 pct YoY in Q2, final consumption up by 1 pct
EconomyMacroeconomyGreek household disposable income grew by 5 percent year-on-year (YoY) in the second quarter (Q2) of 2019, increasing from the rise of 4.9 percent noted in the previous quarter, according to Hellenic Statistical Authority (ELSTAT) data released on Thurs...
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Retail turnover increases by 1.2 pct in August, volume edges up by 0.8 pct
EconomyMacroeconomyGreece’s retail sales index increased by 1.2 percent in August, following a revised decrease of 1.9 percent in July, Hellenic Statistical Authority (ELSTAT) data showed on Thursday. The current month’s reading is the third positive reading for the year ...
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ND focusses on economic goals in run-up to budget vote
PoliticsGreek PoliticsAway from the diplomatic tension with Turkey, the 2020 budget and other economic issues are top of the government’s agenda this week. Parliament is due to vote for next year’s economic plan in the coming days and the government is hoping to use the prec...
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Disposable income rises by 3.5 pct YoY in Q3, final consumption up by 0.9 pct
EconomyMacroeconomyGreek household disposable income grew by 3.5 percent year-on-year (YoY) in the third second quarter (Q2) of 2019, decreasing from the rise of 5 percent noted in the previous quarter, according to Hellenic Statistical Authority (ELSTAT) data released on...
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Retail turnover edged up by 0.2 pct in Dec, annual increase at 1.3 pct
EconomyMacroeconomyGreece’s retail sales index increased by 0.2 percent in December following a rise of 4.7 percent in November, Hellenic Statistical Authority (ELSTAT) data showed on Friday. The current month’s reading is the seventh positive reading for the year so far....
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Athens on lookout as Ankara ramps up rhetoric and activity
PoliticsForeign PolicyGreece feels that over the last few days there has been a notable increase in Turkey aggressiveness, both in words and actions, putting Athens on alert. On Saturday, Turkish Foreign Ministry spokesman Hami Aksoy accused Greece of “Nazi practices” regard...
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Turkey closes borders, Greece keeps up pressure
PoliticsForeign PolicyAnkara decided on Wednesday to close its borders with Greece and Bulgaria in an attempt to slow the spread of the Covid-19 virus. In Athens, diplomatic sources claim that such measures could possibly and temporarily lead to a reduction of the tension se...
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Retail turnover up by 10.1 pct in January
EconomyMacroeconomyGreece’s retail sales index increased by 10.1 percent in January following an upward revised rise of 2.2 percent in December, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday. This is the highest reading since February 2017, when the index...
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OECD sees Greek economy most at risk from Covid-19, with impact reaching up to 35 pct of GDP
EconomyThe Organisation for Economic Cooperation and Development published on Monday a report that evaluates the initial impact on economic activity of containment measures taken around the globe against the spread of the coronavirus. The report notes that as ...
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