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Finance Ministry outlines plans for making savings, increasing revenues
EconomyProgrammeto around 1 billion euros a year and he anticipates this cost could be imminently trimmed by 20 percent... from tackling fuel smuggling are expected as of next year and the increase in revenues could reach... increase public revenues by 2 billion per year. The third intervention is more qualitative
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PM sets stage for 2027 as ND tries to rally in face of scandals, pension politics and polling drift
PoliticsGreek Politicscontest. Although Mitsotakis insisted that the government will exhaust its four‑year term, he urged... million in the first year, on top of the government’s existing 300-euro payment, and 840 million in the third year. The party argues that the net cost of a full 13th pension is 1.68 billion, not €2.5
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Newsletter 291 - 02/04/2021
Operating conditions in manufacturing improved for first time in over a year Greece’s manufacturing PMI rose... conditions improved for the first time in over a year, declines in output and new orders remained... rose by 3.1 points month-on-month to stand at -7.5 points. Year-on-year, industry confidence has
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Tsipras tries to keep spotlight on ND, talks up election chances
PoliticsGreek Politics, and the catalogue of errors that led to it, stretching beyond its four-year tenure has gained limited... of the project had been completed by May 2019, shortly before the national elections that year
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Newsletter 286 - 26/02/2021
), retail sales were down by 8.6 pct overall last year. However, for some sectors - like footwear... that a return to the government’s reform programme, partly shelved last year due to the Covid-19 crisis... and training reform adopted in December last year and the higher education law that was voted
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Progress in bailout talks but foreclosures and NPL management stand in way of agreement
EconomyProgrammeof Greek authorities with the quadriga mission chiefs are foreclosures and management of bad loans... on the NPL sale process. Greek authorities and the quadriga have reportedly reached an agreement... 0.3 percent this year, which is the lowest recession estimate by any organization so far.
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Newsletter 52 - 20/11/2015
by the quadriga. The third memorandum of understanding signed in mid-August called for pension savings of 0.25... be financed. Following a meeting with the quadriga mission chiefs on Thursday evening, Labour Minister George... of this, Greece has pledged to find places to accommodate 50,000 refugees by the end of the year so
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June primary cash surplus at 6.49 bln as revenue increase offsets higher expenditure
EconomyMacroeconomybillion. Interest payments also rose by 305 million to 760 million euros. For the year to date, interest... in the first half of the year, Bank of Greece (BoG) figures showed on Wednesday. The headline figure includes... compared to the figure for the same time last year which came to a deficit of 890 million euros
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Budget primary surplus confirmed at 831 mln in Feb
EconomyMacroeconomycompared to the relevant period last year by 305 million euros. This was mainly due to lower additional... last year, the primary surplus was much lower at 93 million euros. The budget balance in the first two months of the year recorded a deficit of 1.11 billion euros compared to a deficit of 1.36 million
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Budget primary surplus at 823 mln in February
EconomyMacroeconomy. For the same month last year, the primary surplus was much lower at 93 million euros. The budget balance in the first two months of the year recorded a deficit of 1.12 billion euros compared to a deficit of 1.36 million euros seen in the aggregate period last year. For the current aggregate period, the budget
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