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Budget primary confirmed at deficit of 9.07 bln in October
EconomyMacroeconomy, as mentioned, 53 million euros or 0.1 percent higher than the target of 38.56 billion euros. State... to the pandemic which came to 1 billion euros. State budget expenditures for the aggregate period were higher than... at 4.44 billion, above target by 1.68 billion. Aggregate PIB expenditure came to 7.01 billion
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Signs of recovery, improved tourism season visible in Sept budget data as revenues beat target by 943 mln
EconomyMacroeconomyThe budget primary balance up to September landed at a deficit of 5.96 billion euros, compared with a deficit of 7.01 billion in the same period last year, the preliminary Finance Ministry (MoF..., lower than the target by 208 million euros. Expenditure Overall expenditure in the first nine months
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Special tax structure would benefit hotels and jobs, bank argues
EconomyFeaturescame into force, more than doubling from its previous level of 6 percent to 13 percent. The same... hotel buildings that have not been used before. In the case of a transfer, a 2.4 percent stamp duty... is structured as a share deal, no Greek direct or indirect taxation (e.g. capital gains tax, RETT, stamp
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Athens certifies improving mood in Greek-Turkish relations during Erdogan's visit
PoliticsForeign Policyto take place in several years that Athens would somehow be able to rubber stamp this change.... Greece refers to the minority as “Muslim” rather than “Turkish”, in line with the 1923 Lausanne... for Erdogan’s visit, which were to rubber stamp the improvement in the mood between the two countries
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The first cut is the deepest? Greek pension reforms in context
EconomyFeaturesof public protests against austerity. Often the public rhetoric obscures rather than conveys...’ pensions directly out of the budget rather than through a pension fund. State pensions amounted... more than twice the size of the entire public procurement bill. However successive governments have
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Newsletter 203 -15/04/2019
More voter-friendly measures eyed Tsipras vows to leave tax-free threshold untouched as EC hints... scrapping the tax measure than there was regarding the pension cuts. In the run-up to the European... defeat next month, this would make the result of general election less of a foregone conclusion than
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Newsletter 62 - 12/02/2016
Pensions remain central issue Positive hints from Eurogroup as IMF calls for more measures... relations with the EU over the refugee crisis appear on a more even keel than they were a few weeks ago... is perhaps bigger than all the other challenges facing Tsipras. In its first period in government, between
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Newsletter 82 - 15/07/2016
in Greece more than double to 25.4 percent in 2035, from 11.5 percent in 2014. A report submitted... hints at changes to electoral bill Govt at loggerheads with judiciary over Siemens trial suspension... electoral law. The premier’s less-than-confident statement highlights the difficulties the coalition has
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Budget execution to Aug shows 3.8 bln primary surplus, 2.8 bln better than target
EconomyMacroeconomyexpenditure coming in 2 billion lower than target, while revenues beat target by 640 million. The monthly... to 1.04 billion euros, 2.84 billion better than target. Revenues Revenues (before tax refunds) rose... billion euros, 640 million higher than the reported target (including the first ENFIA instalment
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Greece cheaper than average for majority of categories except food, most expensive for communications
Societyas postal services and the internet. The country came in 57.6 percent higher than the EU average... prices were 5.2 percent higher than the EU average, ahead of Germany and the Netherlands. In other areas, Greece emerged with lower than average prices. Housing costs and prices in Greece came
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