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Pension overhaul poses political challenge despite avoiding immediate cuts
PoliticsGreek PoliticsThe government presented its pension reform proposals to the opposition parties on Monday but got short shrift from them despite the fact that the plan does not contain any immediate direct cuts... for it within the party Despite striking a formula that avoids direct cuts to current pensions
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Greece expects review to be completed by May 1 despite IMF objections
EconomyProgrammeover the next 30 months. On the direct tax front, the ministry notes that for salary earners... of salary earners and pensioners the direct tax reform would result in a modest tax rise or even
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Current account deficit more than halves to 708 mln in March
EconomyMacroeconomyaccount under direct investment show residents’ net external assets increased by 336 million euros... of Eurobank Bulgaria by Eurobank. Within Q1, resident’s net assets from direct investment abroad
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Greek banks on cusp of improved liquidity conditions
Agoraa number of important developments for Greek banks. These developments would have positive direct... is initiated. In any case, the direct financial impact from Greece’s QE eligibility would not be significant
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Turnover in tourism sector drops at an accelerating pace of 11.7 pct in Q1
EconomyMacroeconomydirect and indirect contribution of travel and tourism to Greek GDP stood at 18.5 percent in 2015... arrivals by 1.5 million from 23.5 million in 2015 to 25 million in 2016, while direct tourism
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Newsletter 77 - 10/06/2016
to create 10,000 direct jobs, while at its full development Finalised this week, the deal for the development of Athens old airport is estimated to create 10,000 direct jobs. it is expected to employ
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Current account deficit narrows to 822 mln in April
EconomyMacroeconomyaccount under direct investment did not display any marked change in April. For the 4-month period, residents’ net assets from direct investment abroad increased by 470 million, while the corresponding
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Current account deficit widens to 412 mln in May
EconomyMacroeconomywith lower payments for wages. Financial account The financial account under direct investment did not show any remarkable change in May. For the 4-month period, residents’ net assets from direct
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Turnover in tourism sector edges down 1.1 pct in Q2
EconomyMacroeconomy. According to SETE, the direct impact of tourism on the Greek economy stood at 17.24 billion euros or 9.8 percent of GDP, while the overall (direct and indirect) impact was much higher, at 21 percent
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Athens briefed as talks on Cyprus reunification intensify
PoliticsForeign Policyin direct conversations between the two sides.” However, he has also admitted that “there is still..., every comma, is written by a Cypriot pen and through direct negotiations between the two sides
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