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Newsletter 458 - 04/04/2025
Mitsotakis has approved pay increases for members of the armed forces and paved the way this week... Minister Nikos Dendias confirmed last Friday that members of Greece’s armed forces would see their pay... become contentious in recent days following the PM’s announcement of pay rises for armed forces
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Labour market reforms did exactly what they were supposed to
Agorain the private sector would need to be significantly reformed, pay rates for overtime work would... allow local pay agreements to set wage growth below sectoral agreements and introduce variable pay... flexible hirings of part-time or shift work, with lower weekly hours and subsequently lower pay gradually
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Newsletter 49 - 30/10/2015
to only 26.2 percent. Given that the ballot will be open, meaning that anyone willing to pay 3 euros... Central Bank shows that Greeks lost on average 16,909 euros per person in the four years from 2009... and Development (OECD) found that household disposable income fell by 27.5 percent per capita in Greece from
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ECB survey shows enduring preference for cash payments in Greece
EconomyFeaturessurveyed at 75 percent. The survey found that in 2016, euro area consumers made 1.6 payments per day on average, equalling nearly 11 payments per week. Of these, the average in the euro area was 1.2 payments in cash and 0.3 by card. Greek consumers carried out around 1.6 transactions per day in cash
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Here's why Greece's fiscal difficulties will dominate the agenda
EconomyProgrammewill pay their full principal amount as early as the end of March. The instalment scheme has incentives that frontload payments and reward those who pay the full amounts of tax debt upfront versus those who pay in (up to 100) instalments. Note that the previously announced 50 percent haircut on tax
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Newsletter 475 - 12/09/2025
million euros went to pay increases for uniformed personnel in the armed and security forces. Political... will pay no tax on their first 20,000 of income, while those between 26 and 30 years for the 10,000-20,000 will pay tax of just 9 pct. This leads to significant income gains that for 15,000 annual incomes
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Growth treads water as PM targets relief for households
EconomyMacroeconomypart of the PM’s package worth 280 million euros went to pay increases for uniformed personnel.... Young taxpayers up to the age of 25 will pay no tax on their first 20,000 of income, while those between 26 and 30 years for the 10,000-20,000 will pay tax of just 9 pct. This leads to significant income
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When will Greek banks operate as credit institutions again?
Agoraup over 90 per cent of the Greek corporate landscape. Significant balance sheet risks because... 27 per cent between 2010 and Q3-2013.[1] But this apparent success story risks being undermined... bank branch in Frankfurt with a maturity of five years will currently have to pay an interest rate
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Newsletter 38 - 07/08/2015
60 euros per day via a debit card from ATMs, without having the option of cumulative withdrawals... and handled an average of more than 100,000 online transactions per day, implying a substantial Banks... with a credit function. In addition, debit cards per capita in Greece stood at 1.08, well below the EU
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Newsletter 389 - 14/07/2023
an omnibus bill that ranges from the new pay scale in the public sector to the extension of some... the end of its new term, but it was quick to shut these claims down with a new pay scale that has a fiscal cost of some 500 million euros annually and intends to reward low pay civil servants and those
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