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Greek competitiveness rank remains low as tax, bureaucracy create obstacles
EconomyFeaturesGreece has dropped one place in this year’s Global Competitiveness Index (GCI), standing at 87 overall out of 137 economies. The 87th spot was occupied by Algeria last year, which this year moved to number 86. The annual report, compiled and released by...
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Ministry of Finance - 2018 Draft Budget (In Greek)
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Ministry of Finance - 2018 Final Budget (In Greek)
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EC forecast acknowledges pressure on Greek households, revises down growth
EconomyMacroeconomyThe European Commission (EC) had to revise its growth estimates for Greece in its Spring 2018 forecasts and is now expecting the country to grow this year by 1.9 percent, from 2.5 percent previously. The estimate for next year was also downward revised ...
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Ministry of Finance - Medium Term Fiscal Strategy 2019 - 2022 (Chapter E', page 42 - In Greek)
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Greek debt management agency sees Eurogroup debt deal favourably
EconomyProgrammeGreece’s debt management agency, PDMA, issued a report on Wednesday in which it assesses the agreement reached on the June 21 Eurogroup concerning debt relief for the country. The PDMA notes that Greece’s debt now has a comprehensive package of debt rel...
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S&P: Greek covered and securitised bonds rated investment grade for first time since 2011
EconomyBankingRating agency Standard & Poors announced on Friday that it had upgraded bonds issued by Piraeus Bank and the National Bank of Greece (NBG) to “investment grade”. This is the first time since 2011 that Greece’s bonds have returned to investment grade sta...
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Ministry of Finance - 2019 Draft Budget (In Greek)
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PWC report finds Greek fire damage above average despite lower incidence
SocietyA report by PricewaterhouseCoopers (PwC) which examined Greece’s firefighting capabilities has found that the country’s system is ineffective when compared to peers. As a result, the country’s fires are particularly devastating to its natural forest are...
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Ministry of Finance - 2019 Final Budget (In Greek)
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