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Gov't unveils bill to overhaul pension system, increase income tax revenues
EconomyProgrammereplacement rates. Replacement rates start from 0.77 percent for the first 15 years up to 2 percent... for 40 years. The replacement rates included in today's bill stand up to 3.9 percentage points lower... percent for 2018, which gradually increases up to 20 percent, fully applied from 2022. One key
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Newsletter 107 - 17/02/2017
Athens ramps up rhetoric Stiffening of Greek positions aimed at securing maximum possible... the last few days did help clear up where the key points of debate lie. The Greek government returned... in Athens on Wednesday. The ramping up of the rhetoric from Athens is unlikely to signal an intention
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Tourism continues on upward trajectory as latest figures signal record-breaking arrivals
EconomyMacroeconomymillion. Foreign visitors were up by 9.3 percent year-on-year, which manifested in higher receipts. Receipts were also boosted by a rise in expenditure per overnight stay which was up by 70 euros... for 4.6 percent of all travel and generated 648.6 million euros in revenue, edging up by 1 percent
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Despite differing views IMF and EC see no immediate debt sustainability concerns
EconomyProgrammethe early years of the crisis and up to the second adjustment programme, which it was part... in 2019-2020, 1.9 percent up to 2024 and 1.5 percent of GDP from 2025 onwards. In other debt analysis... buffer up to 2024, including the nearly 16 billion euros of ESM loans that were granted
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Newsletter 333 - 01/04/2022
with the electoral scheme and holding a vote before his four-year term is up seems a natural reaction to recent... of the measures. The government’s limited scope for stepping up this support, which is on top of the monthly... to spend up to 2 billion more this year than initially envisioned in this year’s economic plan. Staikouras
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Newsletter 336 - 06/05/2022
bills. Having given up on any swift or impactful action from the European Union that would mitigate... will be rolled out in July. The previous set-up will remain in place for May and June. Mitsotakis also announced that consumers would also receive up to a maximum stipend of 600 euros to cover the increase
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Broad impact of inflation crisis becoming clearer
Agorain April, from 46.2 pct in April. The index moved up by 2.5 pct month-on-month, from a 10.6 pct monthly... in the overall market, energy products were up by 90.3 percent YoY, intermediate goods increased by 15.7 percent, capital goods were up by 10.8 percent, non-durables up by 4.8 percent and durable
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Newsletter 365 - 13/01/2023
of the elections later this year. The latest flare-up was caused by Supreme Court prosecutor Isidoros Dogiakos.... The letter argues that the prosecutor made “a series of serious missteps” in his opinion, backing up... round of recapitalisation after a follow-up stress test conducted by the BoG in cooperation
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Retail index continues to rise in Mar, but food sales volume stagnant
EconomyMacroeconomyThe growth in Greece’s retail sales picked up pace in February, rising by 11.3 percent year-on-year... percent in the previous month. The volume’s monthly movement was up by 1.6 percent. Compared to February 2022, automotive fuel was up 6.7 percent, non-food was up by 11.8 percent and food sales were
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Newsletter 456 - 21/03/2025
in what they believe was a government cover-up over the causes of the fatal accident. It was also... that Triantopoulos’s request was not only constitutional, but also desirable as it speeds up the process and means that a panel of judges made up of six members of the Supreme Administrative Court and seven
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