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Newsletter 215 -19/07/2019
percent) and a top rate of 42 percent (down from 45 percent), and up to 60 percent tax cuts for self-employed workers on up to 10,000 euros a year. The tax-free threshold will be kept at 8,636 euros.... Building up to the bond issuance, Greece’s lenders urged the new government to stay focused
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Newsletter 218 -06/09/2019
consumption represents the majority of GDP, making up around 89 percent of the total figure in Q2... to a downward revised decrease of 1 percent in 2017. Properties up to five years old saw price increases... that the prices of properties up to five years old rose by an average of 1.9 percent compared
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Tax cuts spearhead Mitsotakis's message in Thessaloniki
PoliticsGreek Politicstalked up the prospects of greater trade between the two countries after visiting the fair and holding... move up the rankings in the EU from second to last place. In terms of the public sector, Mitsotakis... investments.” Mitsotakis said that New Democracy had not taken up the previous government’s proposal
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Growing Greece: From narrative to reality
Agora, such as interventions in the way the country is governed, and the draft laws that are being lined up...) as further evidence that a page has been turned. To further back up its argument, ND highlights... Paint Dry. The government also sees potential for economic gains from implementing a more up-to-date
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Amid hiring controversy, ND focusses on new round of tax cuts in latest bill
PoliticsGreek Politicslevel. The draft law also contains a provision wiping out debts of up to 10 euros owed by 536,000... for each child in a household, taking the income tax set-up further in the opposite direction.... One-off debts, such as inheritance tax, can be paid off in up to 48 instalments, rather than
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PMI at 54.1 points in November as foreign orders rise
EconomyMacroeconomyGreece’s manufacturing PMI rose to 54.1 points in November, up from 53.5 points in October... remained strong and was among the best seen in a decade. Operating conditions also picked up during... of 2019, linked to gaining new clients and launching new products. Export growth picked up to a six
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Current account deficit more than halves to 2.57 bln in 2019
EconomyMacroeconomybalance edged up YoY by 8.4 million, reaching 510.1 million euros in December. The travel balance showed... billion in 2018. Total exports edged up to 32.43 billion, up by 0.2 percent. Imports increased by 0.7.... The travel surplus rose to 15.42 billion, up by 11 percent. Travel receipts rose by 12.8 percent
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Losing game: Another doomed effort to revive Greek football?
Agoraearned by Greek clubs comes from TV rights. But the fare being served up is so poor the previous... and viewers, and often rely on the state to prop them up. It is no wonder fans are turning their backs... that the European governing body would draw up a roadmap for Greek football over the next three months
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NBG results show net profits of 18 mln in Q4 and 484 mln in 2019
EconomyBankingsales expected to take place up to the second quarter of the year. On the domestic front... deleveraging. Domestic loan disbursements were up 13 percent YoY to 3.3 billion in the year, largely driven..., aided by seasonality. During the year, net fee and commission income amounted to 242 million euros, up
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Govt looks for formula to re-start tourism as calls intensify for support of entertainment sector
PoliticsGreek Politics, the government is under pressure to come up with a support plan that will allow businesses to operate... be right for Greek tourism to begin to open up from July 1. Mitsotakis is being lobbied heavily by the tourism industry to come up with a plan to restart operations. In a letter to the prime minister
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