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Greece tax wedge rises two places to 13th highest among OECD countries, report finds
EconomyFeaturesthan for a worker on the same income without children in most OECD countries due to the provision... percent in 2017 to 40.9 percent in 2018, which is notably higher than the OECD average tax wedge in both... pps, which is slightly lower than the OECD average increase of 0.6 pps. The bulletin also looked
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Budget primary surplus at 1.46 bln in Mar, beating target by 2.42 bln
EconomyMacroeconomyperiod, higher than their target by 54 million euros. Compared to the same period last year, the three... in the aggregate period, above target by 1.35 billion euros, and 8.2 percent higher than for the same... months of the year, expenditure came to 12.75 billion, landing 1.01 billion lower than target. The MoF
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Overdue social security contributions rise to 34.79 bln in Q4 2018
EconomyMacroeconomy) revealed. Until the end of 2016, KEAO was fed by overdue contributions of more than 5,000 euros from... of debtors owe less than 15,000 euros each for an aggregate amount of 3.79 billion euros (10.9 percent... than that for the relevant period in 2017, and represented a rise of 28.6 million QoQ. Overall, KEAO
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Primary surplus confirmed at 1.44 mln in Mar
EconomyMacroeconomy, higher than their target by 54 million euros. Compared to the same period last year, the three-month... in the aggregate period, above target by 1.33 billion euros, and 0.8 percent lower than for the same time... than target. The MoF noted that the difference was largely due to appropriations of 982 million
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Fears and reassurances over PPC's dire finances
EconomyFeaturesform of privatisation. When still in opposition rather than government, Alexis Tsipras, was against... impact of dirty energy is more apparent than ever. A second tender is underway and binding offers... in Europe, noting that for PPC, net debt is 8 to 9 times higher than earnings, while the average
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SYRIZA seeks to recover from election shock, ND prepares for power
PoliticsGreek Politicspercent of the vote, almost 9.5 points less than New Democracy, was well below the government’s... that government officials expected to lose to New Democracy by no more than 3 or 4 points. A lot... greater allegiance within his party and have more room to manoeuvre than had been expected until now
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June employment balance positive by 31,407
EconomyMacroeconomyThe employment balance was positive in June with 31,407 more hirings than departures, data from... of 1,910 was noted. Compared to the same month last year, there were 2,213 fewer hirings than... there were 35,628 more hirings than departures. A negative balance was noted for those aged 30-44 years
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Strong investor demand for 7-year bond, yield settles at record low of 1.9 pct
Economytime in London having accumulated orders of more than 13 billion euros and the reorder yield... at 2.5 billion. Orders and allocations The transaction received more than 335 distinct orders with broad... at 14.5 percent. Insurance and pension funds participation more than doubled to 9 percent, from 4 percent
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ND sees first tax cuts as fair, hopes to build case for lower fiscal targets
PoliticsGreek Politics, pointing to the 10 percent reduction in ENFIA for properties worth more than 1 million euros. SYRIZA submitted an amendment proposing no reduction for properties worth more than 500,000 euros. The cuts... of taxpayers own properties worth more than 1 million euros. Vesyropoulos gave examples of how much
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Overdue social security contributions decrease slightly to 35.11 bln in Q2
EconomyMacroeconomycontinuous quarter. Until the end of 2016, KEAO was fed by overdue contributions of more than 5,000 euros... less than 15,000 euros each for an aggregate amount of 3.85 billion euros (11 percent of the total... in Q2 from 312.3 million in Q1. The current quarter’s figure is 50 percent lower than
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