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Significant revenue outperformance drives budget primary surplus to 4.4 bln in 2016
EconomyMacroeconomyto 584 million from less than 300 million in each of the previous eleven months, while the full year... than target. In a separate table, MoF revealed that the settlement of general government arrears via... balance recorded a huge deficit of 1.93 billion in December, higher than that of 1.78 billion posted
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Greek households spend greatest share of income on accommodation in EU
Societyin the country spending a greater share of their income on accommodation than in any other member... than 40 percent of their income on housing (known as housing cost overburden), compared to an EU... in property arrears and they are about four times more exposed than non-poor households. Greece
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Report reveals just 0.4 pct of taxpayers owe 85 pct of total tax debt
EconomyMacroeconomyof taxpayers (3.61 million). Those taxpayers owe less than 3,000 euros each. It is also worth noting that 2.39 million taxpayers (55.4 percent of total) owe less than 500 euros each. In contrast, just 16,290 taxpayers (0.4 percent of total) owe more than 300,000 euros each for a total amount of 78.79 billion
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Govt tables 2018-21 MTFS containing 4.5 bln in measures, sees growth rising from 1.8 pct this year
EconomyProgrammepercent, lower than the recent IMF and European Commission (EC) forecasts of 2.2 and 2.1 percent... percent) higher than that for imports (+2.8 percent). For 2018, the MTFS assumes a faster GDP rebound of 2.4 percent, which is lower than the IMF and EC estimates of 2.7 and 2.5 percent respectively
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China’s Footprint in Southeast Europe: Constructing the "Balkan Silk Road"
Agoramodernization. These projects form part of regional, rather than country-specific initiatives that Chinese... railway initiative. For both cities, such a project has been on the agenda for more than a decade... rhetoric than substance. China is only at the beginning of a much larger engagement in the region
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Business balance positive in 2017, small companies continue to dominate
EconomyFeaturesadditional companies registered in 2017 than delisted. Since 2011, a negative balance has been noted... activity on the platform than becoming active. There was a 5.8 percent increase in new companies forming... for those under 35 with less than 5 insured years. The knock-on effect of this is visible in GEMI’s
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Overdue social security debt at 31.87 bln in Q1, debtors at 1.2 mln
EconomyMacroeconomy) revealed. Until the end of 2016, KEAO was fed by overdue contributions of more than 5,000 euros from... from various funds, as mentioned previously, which totalled more than 1 million across the year... that 69 percent of debtors owe less than 15,000 euros each for an aggregate amount of 3.36 billion
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Newsletter 180 -26/10/2018
that the current set of decision makers have a higher standard of ethics than their predecessors. Tsipras... euros, or 176.1 percent of GDP, which is lower than the 178.6 percent in April’s estimate, mostly thanks... of the economy but at 317.4 billion is nominally higher than the 315 billion that it settled in 2016. Overall
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December hirings balance positive by 5,970 with annual balance for 2018 up by 141,003 places
EconomyMacroeconomywith 5,970 more hirings than departures, according to data from the Labour Ministry’s Ergani information system. Compared to December 2017, there were 9,345 more departures than hirings. Ergani noted... to 45.7 percent of the total, meaning that less than half of all jobs created in 2018 were full-time
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Primary residence talks continue amid uncertainty about draft legislation
EconomyProgrammewilling to overcome their reservations if the criteria for these loans is much tougher than... value of the properties in question to be no higher than 130,000 euros (compared to the 250,000 euros originally proposed by the government) and for the borrower to owe no more than 50,000 euros
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