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Greece seeks to finalise 1 pct of GDP in new tax measures to close review
EconomyMacroeconomywith the mission chiefs in Athens as efforts to close the programme review intensify. Apart from... levy on pay TV, with estimated revenues at 30 million per annum. A levy on internet connections may also be introduced. 9) Increase in the excise tax on natural gas, with estimated revenues of 25 million
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The first cut is the deepest? Greek pension reforms in context
EconomyFeaturescurrent pension recipients, apart from those in the top income bracket. In 2012 more severe.... It is estimated that this adjustment will result in an average pension reduction of 14 percent for around... to an estimated 20.6 billion euros in 2017. Funding by the state Public pension funds have run a deficit since
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Newsletter 485 - 21/11/2025
the 2.2% estimate for this year. Private consumption is expected to remain robust, though slightly more... of the RRF, roughly split in half. At the same time, bankers estimate that the loans component of the RRF... the government’s initial estimate by €1 billion. However, this also weighs heavily on household budgets
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Govt tables 2018-21 MTFS containing 4.5 bln in measures, sees growth rising from 1.8 pct this year
EconomyProgrammeMinistry (MoF) downward revised its previous GDP growth estimate for 2017 from 2.7 percent to 1.8... growth of 2.4 percent, which is seen as an optimistic estimate. The HFC also noted that the medium-term... landing at 18.1 percent in 2021. Fiscal estimates The primary surplus is estimated to exceed fiscal
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Greek stock market loses 1.8 pct in week of mixed messages, Q1 results
Economyof 1.8 percent amid mixed signals regarding the progress of Greece's talks with its lenders. Apart from... in line with market estimates. OPAP's Q1 results showed net profit reached 58 million up 16.9 percent... increased by 22.2 percent to 93 million with both figures also beating analysts’ estimates
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Fiscal Council optimistic on 2016 target, sees next year’s goals as feasible
EconomyMacroeconomyin the economic crisis that started in 2010. It stressed that apart from meeting fiscal targets... Council notes that consensus estimates point to GDP rebound of more than 2 percent compared to the Finance..., the Fiscal Council estimates that a growth of 1 percent in private consumption is more realistic
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Draft budget sees primary surplus at 1.8 pct of GDP in 2017, revenue interventions of 2.5 bln
EconomyMacroeconomy. Specifically, the MoF adopts the EC estimate pointing to a 2.7 percent growth in 2017 fuelled by a 1.8... percent above last year’s estimate. It is projected to increase by 3.5 percent to 182.33 billion... draft budget, which contains its fiscal estimates and the interventions needed to achieve them, as well
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OECD sees 3.3 bln euros of savings Greece can make by cutting red tape
EconomyMacroeconomyrecommendations to reduce unnecessary administrative burdens, in 13 areas. Apart from the three... estimated in 2006 that total administrative costs amounted to 6.8 percent of GDP and that a reduction... proportion (18 percent) stems from company law and annual accounts with estimated administrative burdens
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Greece ponders how to deal with rising unpaid private debt, which hit 88 pct of GDP
Economyissue in the discussion between the government and the troika. Apart from the outstanding amount...Unpaid private debt in Greece is estimated to have reached around 160 billion euros, which..., the pension fund of self-employed and freelancers. The former’s unpaid SSCs are estimated at 8.5
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Snap elections in Greece bring state's liquidity constraints into focus
Economythat it could dramatically drain liquidity in just a short period of time. Apart from extraordinary.... These mainly comprise of interest payments (2.2 billion) and IMF repayments estimated at 1.6 billion. On top... billion has already been used. b) Cash reserves of the central government, which are estimated at 1
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