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Government opts for modest tax relief, but who will benefit?
EconomyFeaturespercent in 2021. Tax on dividends has been halved from 10 percent to 5 percent, at a total cost of 75... ranging between 2 percent and 10 percent, resulting in actual marginal rates between 31 and 55 percent
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Newsletter 237 -31/01/2020
in the household loan sector's balance falling to 52.71 billion euros. In consumer credit, outflows of 5... points and came to -10 Compared to January 2019, the ESI has increased by 8.8 points. Greece’s economic... to -10 in January. Compared to January 2019, consumer confidence has shown an improvement of 18.3
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More fiscal measures, restrictions on movement mulled by govt as it rides high in polls
PoliticsGreek Politicssubmitted to Parliament on Thursday an amendment that increases its spending capacity by 5 billion euros... estimate that 8 in 10 salaried staff will be eligible and 3 in 4 self-employed and freelancers... closures, 86 pct of voters appear to be in agreement and only 10 pct disagree. This approval of New
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General govt primary cash surplus at 1.44 bln in February, arrears up by 133 mln
EconomyMacroeconomydecline of 10 million euros to bring the total to 187 million euros. In the category of social... million), local governments (+10 million) SSFs (+3 million) and extrabudgetary funds (+3 million... million). Drops were seen in tax refunds (-35 million), SSFs (-9 million) and state budget (-5 million
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Fitch keeps Greece at 'BB' but revises outlook to stable with eye on Covid-19 impact
Economytourism is 10 pct of Greek GDP. The budget is expected to take a serious hit this year, due to drops in revenues and higher supportive spending. So far, the Greek authorities have committed 5 billion.... This is on the assumption that the Finance Ministry will use about 10 billion of its cash buffer, 5.8 pct of GDP
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Athens expects emergency economic measures to contain 2020 contraction to 4.7 in baseline
Economyof the baseline scenario would have reached 10 pct, essentially the government cushioning half of the possible... following the closures. The overall support package is 10 pct of GDP, including the various state... was accordingly raised by 5 billion euros on April 2, following the Eurogorup decision to waive the fiscal
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Covid-19 fears start to wane as concerns about economic impact grow
PoliticsGreek Politicssupporters and nine in 10 Movement for Change (KINAL) voters. SYRIZA’s performance garnered... businesses will survive another recession – a contraction the government expects to be close to 5 pct in its baseline scenario, although the European Commission expects it to be closer to 10 pct
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Newsletter 256 -03/07/2020
in 2019. Until fairly recently, the purported target for this year was 10 billion euros in receipts from... closed. This translates into activity at roughly 10 percent of last year’s Greece has opened its... followed by SYRIZA with 24 percent, with KINAL a distant third with 5 percent. BoG highlights Covid-19
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Concern over ICU capacity, support for business generate pressure for ND
PoliticsGreek Politicsreaching, if not exceeding, 10 pct. Greek banks are also revising their forecasts. National Bank... recovery to exceed 5 pct. The regions currently considered to be in the highest risk zones... (EBEA) eight in 10 report a drop in sales, while 65 pct find the support measures of the government
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Bridge scheme activated as banks look to avoid second-wave NPL increase
EconomyBankingto pay 10 percent of their regular payment with the programme’s duration set at nine months... loans would reach 5 billion euros. However, as the second, harsher wave grips the country, the concern is that bad loans could inflate to between 10 and 20 billion euros. The 20 billion euros
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