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The key points from Greece's proposal to lenders
EconomyProgramme1.4 percent) for individuals’ annual income between 30 and 50,000 euros, to 4 percent (from 2.1... in 2015 and 250 million in 2016. 4) A levy on the most profitable companies with targeted revenues... years respectively. 4) The new method of calculating main pensions (according to the law 3863/2010
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The lenders proposals on debt and funding needs that Greeks will vote on in referendum
EconomyProgrammeprivatization revenues at 0.5 percent this year, 3 billion by 2020 and 4 billion by 2022. Under... tranche would amount to 4 billion euros (1.8 billion from the EFSF and 2.2 billion from ex-HFSF... actions. From the total tranche amount of 4 billion, 3.5 billion would be used for debt servicing
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This is what's in the legislation Greece has to approve by Wednesday night
EconomyProgrammeto 2 percent (from 1.4 percent before) 4) Between 50,000 and 100,000 euros, the rate rises to 4... percent (from 4 percent) for main pensions and to 6 percent (from zero) for supplementary pensions... for the higher rate on corporate profits 3) 251 million from the increase in the solidarity levy rates 4
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EU makes dramatic revision to economic forecasts, sees recession of 2-4 pct this year
Economyits GDP forecasts, which now point to a recession of 2 (in the baseline scenario) to 4 percent... are now estimated to reach 10 billion in the baseline and 4 billion in the adverse scenario compared... shows 3) Interest payments of 17.8 billion 4) Arrears clearance of 7 billion 5) Cash buffer
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Adult skills in Greece lacking, indicates OECD survey
Societyof proficiency (level 4 or 5) in literacy, compared to around one in 10 adults (10.6 percent) on average across the OECD countries that participated in the survey. At Level 4, adults can integrate... percent of adults in Greece attain level 4 or 5, well below the OECD average of 11.2 percent. Similar
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Deal seen on energy liberalisation as third review SLA edges closer
EconomyProgrammeAgreement (SLA) before the December 4 Eurogroup and it appears that one of the big-ticket items in the third... before December 4, otherwise a technical agreement would not be possible. Reports on Monday suggest... and the Directorate-General for Competition in Brussels, which will include the sale of the Megalopolis 3 and 4
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Piraeus Bank makes net profit of 12 mln in Q4, edges into profitability for 2017
EconomyBanking(QoQ) to 144 million in Q4. On an annual basis, PPI fell by 4 percent to 1.04 billion euros. Net... (ELA) funding dropped to 5.7 billion at the end of December, while ECB funding fell to 4 billion... percent QoQ to 60.26 billion, falling by 10 percent year-on-year. Domestic customer deposits rose by 4
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Are hirings in the public sector out of control?
EconomyFeaturesand local government and the public bodies supervised by them is subject to a strict 1:4 (previously 1:5) attrition rule laid out in the MoU, meaning one new hire is permitted for every 4 (previously 5..., while the number of permissible hires for 2017 under the 1:4 rule was 2,453, the government claimed
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Industrial turnover rises by 17.5 pct in July for seventh positive month
EconomyMacroeconomyan increase of 15.7 percent in the manufacturing index. The index in mining and quarrying fell by 4 percent..., along with a drop of 4 percent in consumer durables. The energy index grew by 36.6 percent, intermediate goods rose by 14.1 percent and consumer non-durables rose by 4 percent. Within the mining
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Chasing investment, the Greek dream
Agoraa nominal growth rate of 4 percent. The main stakeholders in domestic politics appear to agree... for 10 percent of GDP, 4 percentage points above the eurozone average. At the 2007 peak, dwellings... over 3 billion euros, at just 4 percent of GDP. The value stabilised in the region of 2.5 billion euros
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