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Greece's golden visa scheme brings revenues, but risks as well
EconomyFeaturesmake up almost half of the recipients, with Russian and Turkish nationals making up the next largest... Commissioner Vera Jourova recently told Die Welt that she would be calling on all member states to speed up... in the first five months of 2018 were up by 49 percent compared the same period last year
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Newsletter 175 -21/09/2018
in beating targets (Athens expects that this year’s primary surplus could end up above 4 percent of GDP...) earlier this month that the government would introduce a rent subsidy scheme for up to 300,000... were the reduction of the basic rate of income tax for those will annual incomes up to 10,000 euros
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General govt primary cash surplus at 3.51 bln in August, arrears fall by 306 mln
EconomyMacroeconomythat in the first eight months of the year, revenues edged up by 0.8 percent YoY to 49.44 billion... rise was noted in extrabudgetary funds which went up by 3 million euros compared to July, while state...). At 35 percent, arrears of tax refunds made up the majority of overall arrears in August, overtaking
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Newsletter 182 -9/11/2018
for SYRIZA and ANEL lawmakers as the coalition plans to follow this up with other measures promised by Prime... Dimitris Tzanakopoulos indicated during a press briefing on Tuesday that this measure will be followed up... elements of the deal involved the two sides setting up a joint fund to make commercial use
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Moments to remember from the euro crisis
Agorabacked up by extensive bank liquidity initiatives (OMT, LTRO and TLTRO) that concluded with QE, calmed... at existing levels if the government did not sign up to an EU-IMF bailout. Even more controversially... to carry out, as well as cleaning up its banking sector. When the letter was published in full four
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Tsipras facing decision over timing of vote on Prespes Agreement
PoliticsGreek Politicsto vote for the deal and then give up his seat in Parliament. Regarding the timing of the vote, Tsipras... vote. It is now up to Tsipras to decide when Greek MPs should get a chance to vote on the name... be freer to reach out to its nationalist audience, talking up its stand against the name deal and trying
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General govt primary cash surplus at 5.63 bln in Dec, arrears fall by 536 mln but miss target
EconomyMacroeconomyof 26 million. The breakdown of the figures showed that in 2018, revenues edged up by a very slight... arrears of made up the majority of arrears in December, followed by tax refunds (24.8 percent.... In the other underlying subcategories, T-Bills edged up by 1 million to 15.28 billion (4.3 percent
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Piraeus Bank posts net profit of 185 mln in 2018
EconomyBankingby the Ministry of Finance and the Bank of Greece are expected to speed up their current reduction... picked up to 44.7 billion at the end of 2018, an increase of 5 percent YoY. Domestic deposits came..., while on a quarterly basis NIM was stable at 243 bps. Net fee and commission income was up 2 percent
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General govt primary cash surplus at 2.91 bln in Feb, arrears rise by 83 mln
EconomyMacroeconomytax refund arrears) rose by 83 million and came to 2.15 billion euros, picking up from a month...) and extrabudgetary funds (+6 million euros). At 29.3 percent of the total, SSF arrears made up the majority.../ESM/IMF loans edged up very slightly by around 3 million euros, and represented around 70.5 percent
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Athens holds fire on debt schemes, prepares tax relief measures
EconomyProgrammeThe government is hoping in the coming days to wrap up draft legislation for the new payment... of arrears to social security funds. The measure includes a potential write-off of up to 100 percent of interest and penalties, up to 65 percent haircut on the debt, and up to 120 instalments
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