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What would a clean bailout exit for Greece mean in numbers?
Agorathat it would have to roll over. 2017 and 2019 reflect the 3 and 5 year issues earlier in the year... and other central banks over the next 5 years is just short of 23 billion euros. No other creditor... is to use the 7 billion earmarked for 2014 and forego 2015 and 2016 disbursements. By the end
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Pension reform to be one of new government's toughest challenges in next weeks
EconomyProgrammeguaranteed contributory pension limits in nominal terms until 2021. 5) Those retiring after June 30... for employees (IKA). 5) Abolition from October 31 of all nuisance charges financing pensions to be offset... and benefit payment procedures across all funds. 7) Gradual harmonization of the pension benefit
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Greek 2016 draft budget contains 6.4 bln in new fiscal measures, sees recession ahead
EconomyMacroeconomy) Public sector pension reforms (258 million) 5) Reduction in the heating oil subsidy (105 million...) taxation of 30 percent on Video Lottery Machines (VLTs) (227 million) 5) Increase in the tax rate...) 7) Increase in the tax on insurance fees (106 million) 8) Introduction of tax on television
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Greece gets tranche and looks ahead to next tasks, including pensions and NPLs
EconomyProgrammethese recommendations by March 2016. 5) Strengthening the independence of the revenue administration, with the MoU... for the claw back on hospitals. 7) Review and limit the prices of private diagnostic tests. 8... to be implemented by mid-December. Parliament is scheduled to vote on the 2016 budget on December 5.
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Greece receives list of milestones for next bailout sub-tranche
EconomyProgrammefor the assessment and approval of banks’ BoD members. 5) Issue of the necessary secondary... related to primary homes and SMEs will be specified in the context of the first programme review. 7... is scheduled to be voted on December 5. This means that December will be another busy period
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Gov't unveils bill to overhaul pension system, increase income tax revenues
EconomyProgrammebetween 7 - 13,000 euros down to 5 percent for incomes between 57-58,000 euros. The bill treats... euros, lower taxes for those with incomes between 28-43,000 euros and much higher tax burden up to 5
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Access to finance remains far bigger problem for Greek SMEs compared to euro area peers
EconomyMacroeconomywas not a significant concern for Greece where the respective rate was kept close to 5 percent remaining by far... continued to perceive access to finance as a very important problem rating it at almost 7, meaning it remains the highest in the euro area, above the average which stands below 5. SMEs in Greece also
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Stournaras eyes easing of capital controls, updates on loan quality and NPL reduction targets
EconomyMacroeconomyrestructuring. Only a fraction of NPE reduction is expected to result from loan sales (5 percent) and collateral liquidation (7 percent), Stournaras said. The key priorities for BoG to evaluate...) and collateral for a permanent easing of bank’s balance sheets from doubtful loans 5) Development within
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Property tax notices for 2016 to be issued, collection target remains same
EconomyMacroeconomyRevenues (GSPR) announcement. The Finance Ministry (MoF) confirmed via a non-paper on August 5... contributes just 7 percent to the total ENFIA amount, the second 44 percent, while the third bracket makes.... MoF reiterated on August 5 that this year’s ENFIA burden will be shifted from small to large
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Greece slips five places to 86th in global competitiveness rankings
EconomyCompetitiveness Index (GCI) remained 81st and had improved by 10 and 5 spots in 2014 and 2013 respectively... (currently ranked 80th), which make up 20 percent of the GCI and 5 slots in efficiency enhances (67th), which account for 50 percent of GCI. In contrast, its position gained 7 slots in innovation
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