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Fiscal target revision shows 3.07 bln 9-month primary surplus was 1.8 bln above target
Economyincorporated in the 2016 draft budget tabled on October 5. In particular, the 2015 primary surplus target...) Allowances to families with many children (at 35.5 percent of the annual target of 650 million) 5) Grant... of the above payments. Interest payments rose by 3.3 percent in the 9-month period to almost 5 billion
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Gov't hits back as pension reform row heats up
EconomyProgrammelandscape is completely different with that of 5 years ago since GDP has shrunk by almost 22 percent... of the pension system and also provides the prospect of pensions growing in the future. 5) The pensions... and up to 20 insured years, which indicate that new pensions will be higher by up to 5 percent vis-à
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Piraeus posts 1.24 bln loss in Q4 on jump in loan provisions
EconomyBankinghigh administrative expenses. For the whole year, recurring costs fell by 5 percent to 1.25 billion..., the full year figure fell 5 percent to 3.49 billion. Overall, cumulative loan loss reserves reached... at 68.07 billion, while deposits increased by 5 percent QoQ to almost 39 billion, with loan to deposit
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Gov't lowers tax-free threshold, prepares for third pillar of measures worth 1 pct of GDP
EconomyProgrammein the excise tax on beer, cigarettes and tobacco. As of July 1 Introduction of a new tax rate of 5... Introduction of a hotel overnight stay tax ranging between 2 euros for hotels with two stars up to 5 euros..., meaning 1 hiring per 5 departures in 2016, 1 hiring per 4 departures in 2017 and 1 hiring per 3
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Multi-bill details how Greece aims to raise 1.6 bln from indirect taxes
EconomyMacroeconomymillion. A new levy is introduced on fixed line or internet and cable TV subscribers with a rate of 5... with 5 stars. The estimated annual revenues amount to 74 million. Following the reduction... sector attrition rule from the current 1 hiring for 5 departures to 1:4 in 2017 and further to 1:3
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First review completed but more prior actions lie ahead for Greece
EconomyProgrammeof Egnatia Motorway. 5) The government has to resolve all pending issues related to HRADF Asset... on flexible negotiations. 5) Until the end of June, the government should table a roadmap... Deutsche Telecom signed an MoU on June 7 for the sale of a 5 percent stake within July. The state holds
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Apartment prices drop by 2.7 pct in Q2, slowest rate since Q1 2010
EconomyMacroeconomya marginal drop by 0.1 percent in Q1. The breakdown shows that the prices of new apartments (up to 5 years... transactions. In 2015, apartment prices contracted by 5 percent, at a decelerating pace from the 7.5 percent... prices are projected to further drop by 5 percent in 2016 and by another 1 percent in 2017, according
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Second review to resume in Athens under severe time pressure
EconomyProgrammewill be equally quick and pave the way for eurozone finance ministers to confirm at the December 5 Eurogroup... the International Monetary Fund is demanding an increase in the current cap of 5 percent, while... ministers to rubber stamp the agreement at the December 5 Eurogroup. This means that there only two
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Apartment prices fall by 1.5 pct in Q3 for slowest drop since 2009
EconomyMacroeconomythat prices in new apartments (up to 5 years old) dropped at a sharper pace of 1 percent quarter... in the past few quarters, the apartment prices index now records a decline of 5.1 percent (from 5... scenario of Greek banks’ stress tests a year ago, point to a further fall in housing prices by 5
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EU officials see Greek deal close, broad debt talks to follow
PoliticsGreek Politics-level agreement by the December 5 Eurogroup but that several key issues (mainly labour reforms... for a “spirit of compromise” in the coming days but admitted that the December 5 Eurogroup “may... on December 5 about what debt relief measures, beyond the short-term steps being prepared
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