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Fiscal Council adopts 2017 budget forecasts with three reservations
EconomyMacroeconomythat the government projection of a strong GDP rebound of 2.7 percent next year stands above consensus estimates... contribution for public servants. In addition, pension expenditure is estimated to rise by 5.75 billion euros... income tax estimated to increase by 14.5 percent to 9.17 billion euros, VAT by 5.2 percent to 15.48
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Capital controls trigger big rise in card use and VAT revenues, Bank of Greece data shows
EconomyMacroeconomy, it is estimated that it also results in an improvement of the long-term collectability by 0.4 – 1.7 percent. Based on those estimates, the BoG concludes that the increased use of cards in Q3 2015... 2016, while the effective rate is estimated to have increased by 1 percentage point due
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Rating agencies concur in improved prospects for Greece
Economyfiscal path with its creditors. The range of primary surplus estimates for the 2017-2020 period... this year with an estimated 1.5-1.6 percent growth leading up to 2.7 percent in 2019 and 2020 as estimated by S&P. The near-term macro outlook is built on an expected boom in investments that, thanks to EU
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Human Rights Commissioner calls for improvements to battered healthcare system
Societyestimates that there is currently a shortfall of 6,500 additional permanent staff in public hospitals..., particularly in intensive care and neonatal units. In 2017, it was estimated by the European Centre... potentially fatal hospital infections, with an estimated 3,000 deaths attributed to them. For the disabled
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Greece braces for potential impact of coronavirus on key economic sectors
PoliticsGreek PoliticsTheocharis estimates based on industry sources that the cancellation rate of Chinese bookings... referenced his French counterpart, who estimated the drop in French tourism at 30-40 pct... in economic activity. So far, it is estimated that 46 percent of departures from Asia to Europe have been
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Greece's updated proposals to lenders and how they compare to previous efforts
EconomyProgrammewith estimated revenues at 350 million in 2015 and 800 million in 2016. This measure actually reverses... with estimated revenues at 135 million in 2015 and 270 million in 2016. This corresponds to a 1 percent... for supplementary funds from 3 to 3.5 percent with estimated revenues at 120 million in 2015 and 250
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In 9th post-bailout review, EC sees reforms slowing due to pandemic
EconomyProgramme, the impact of the RRF is yet to be factored in in any growth estimates. Fiscal Fiscally, Greece... remain in place since November. The Commission estimates support initiatives in 2021 to reach 6.5 pct of GDP, from 9.4 pct in 2020. Based on the latest GDP estimates this could well exceed
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The measures Greece is proposing to secure troika's return
EconomyProgrammewith estimated revenues at 350 million. The Finance Ministry (MoF) acknowledges that this measure would seriously... at 2015 levels. Cost savings are estimated at 50 million euros for 2016 and 140 million for 2017. MoF.... Crosschecking of family allowances granted to pensioners, with estimated cost savings of 23 to 37
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Greece agrees package of measures with IMF, eurozone to seal review
EconomyProgrammeto the agreed medium-term targets is estimated to be larger than 0.2 percent of GDP every year... rate from 22 to 20 percent with an estimated cost of 0.5 percent of GDP, progressive reduction... vulnerable households with an estimated cost of 0.2 percent of GDP, increase in the family allowance (0.1
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Tourism responsible for up to 30.9 pct of GDP in 2018, study suggests
Featuresin by INSETE to land on the final estimated contribution of the tourism industry. The Foundation for Economic and Industrial Research (IOBE) estimated in 2012 that every euro generated directly by tourism...). This estimated the multiplier effect from each euro of direct tourism revenue to be 2.65. According
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