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Car sales up by 29.5 pct in Mar for 19th straight rise
EconomyMacroeconomythan 80 percent of March road motor cars relate to passenger cars. The aggregate figures for the first... three months of 2015 with passenger cars making up slightly less than 80 percent of total The Attica prefecture registered more than half of total motor vehicle circulation licenses in Q1 2015 slightly
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This is where Greek gov't could find cash to cover May's obligations
EconomyProgrammethis obligation. May obligations Debt obligations in May are higher than those in April and include... 1.9 billion euros from 9 gg entities’ cash reserves for T-Bill purchases. More than 10 billion from... legislation to tax undeclared deposits abroad with a 15-20 percent rate, aiming to bring more than 1
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Lack of liquidity, political cost push Greek gov't to seek swift deal with lenders
PoliticsGreek Politicsdirection than creditors want by raising the minimum wage and calling in the International Labour... to the process, even earlier than the next scheduled Eurogroup on May 11. Liquidity shortage This may... or pensions (rather than lenders or suppliers) might not be paid. A couple of hours later, Mardas claimed
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The faces change, the issues remain the same
AgoraForeign Minister Euclid Tsakalotos – the new head of the “political negotiation” team - than being... in a more positive light than Varoufakis by many European officials, and replaced the finance minister... are onerous matters for this government to tackle, even more so than the previous coalition, which opted
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Rebound in Q4 by 1.4 pct brings 2014 disposable income down 3.2 pct
EconomyMacroeconomyincrease in compensation of employees more than offsetting a drop in social contributions... corresponds to more than 15 billion euros that have been wiped out from households. This clearly shows... 2014, more than 10 billion below the respective figure five years ago. However, for the whole 2014
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New fiscal measures aim to edge Greece closer to deal with lenders
EconomyMacroeconomy) and more than 5 billion (3 percent of GDP). According to local media, the measures... percent for income higher than the 100,000-euros mark. The proposed increase by 50 percent for incomes... in the luxury tax rate applied on cars with large engine capacity (less than 10 years old), pools
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Apartment prices down by 3.9 pct in Q1 for seventh straight QoQ fall
EconomyMacroeconomyof appraisals, while the value of transactions shrank by more than 93 percent. According to the evolution... than 14 percent from their peak five years ago. Another worrying factor is the jump in the non-performing housing loans to 28.1 percent at the end of September 2014 from less than 10 percent in 2010
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Alexis's choice
Agorathat he prefers the option of agreeing with lenders rather than being left in limbo, or worse. Securing... that less than six months ago, his predecessor Antonis Samaras was unwilling – or not able – to pass... come to less than 200 euros per month. Once Tsipras and his party go behind closed doors to mull
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Greece and Albania at loggerheads over hydrocarbons research in Ionian
PoliticsGreek Politicsit would be easier to begin hydrocarbon exploration in the Ionian Sea rather than in the Aegean... than maintaining good neighbourly relations. Greek Foreign Ministry spokesman Konstantinos Koutras... hardening its stance and going much further than criticising Rama’s comments. Prime Minister Alexis Tsipras
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OECD slashes 2015 growth forecast to just 0.1 pct, raises unemployment and debt figures
EconomyMacroeconomy, which is significantly lower than the previous estimate of 6.8 percent. However, a strong rebound of 5 percent is anticipated for 2016 albeit lower than the 7.7 percent previously forecasted. The OECD... Greek exports could be higher than anticipated as the impact of the competitiveness gains may
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