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Wages index up by 1.8 pct in Q1 YoY
EconomyMacroeconomy. As of the current quarter, the index has been above the 100-point mark since Q1 of 2017, equal to eight... quarter. Since its peak, the index has declined by a quarter on the back of the negative impact... that the increase in the minimum wage was among several recent legislative measures that the Commission would
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BoG notes economic progress, urges safeguarding of fiscal credibility
Economyon its own feet. What has been achieved so far needs to be safeguarded and the policy framework... with the added revenues from the 120 installments scheme it has just used the fiscal space that it had... on the fiscal policy front after the recent round of expansionary measures and called on banks to focus
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Bonds enjoy great buoyancy but remain some distance from investment grade
Economythe board that political risk has been eliminated and risks of policy reversal are low since the post... upgrade, Moody’s said that although there has been significant progress to date, Greece's credit... the eurozone agreed the latest round of debt relief measures and made a commitment that the situation
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Brussels urges Athens to remain on reform path as fourth post-MoU review looms
EconomyProgrammeof the efforts undertaken in the last decade. Growth has returned and is expected to exceed 2 percent this year... Klaus Regling has been vocal in expressing his opposition to the 13th pension, the reduction in VAT..., creditors have made it known that handouts and tax relief measures which were legislated before
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Athens buoyed by conclusion of budget talks but IMF lowers growth forecasts
EconomyMacroeconomyof the year from the additional surplus. Although Prime Minister Kyriakos Mitsotakis has indicated.... At the moment, 138 million euros has been set aside for businesses, which could receive... that the government was forced to adjusting the costing of some of the fiscal measures it plans to implement next
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Authorities aim to collect up to 11 bln after strong uptake in overdue tax scheme
Economyand social security fund (SSFs) payment were submitted to the scheme. Around 600 million has already... their request confirmed. Outstanding debts While the scheme has been deemed a success by the government... 2019. Of these, 1.2 million are currently under forced collection measures. Of the total tax debtor
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Tourism industry braces for outcome of gloomy Covid-19 scenarios
EconomyFeaturesnoted. The Tourism Ministry currently has two scenarios for the fate of the industry this year.... The coronavirus’s impact on the tourism industry and subsequently on the economy as a whole has... Theocharis said the government was preparing to face both scenarios with a number of measures to support
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ECB boost for Greek debt as authorities ponder new market foray
Economyby adding another 600 billion euros of asset purchases. Greece has already greatly benefited from... member states have raised objections, Athens has been talking up the positive impact that the 32... that the authorities had to tap into to finance the series of support measures required to cushion the impact
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Mitsotakis-Erdogan call seen as first step to possible thaw in relations
PoliticsForeign Policyto see a conflict between the two sides, while the US has been seeking ways to defuse tension between... the same view is something to be seen as Athens has also be seeking sanctions to be applied if Turkey... Measures. Trust is still fragile and both sides will probably take a “step by step” approach, experts
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Industrial production drops by 7.5 percent in May
EconomyMacroeconomyto stand at -18.1 points. Year-on-year, industry confidence has fallen by 17.5 points. It is currently at the lowest it has been since October 2015, when the indicator came to -19.6 points. In addition... and customers returning as quarantine measures ease. Overall, client demand was still weak. Several
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