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Final budget sees strong growth, fiscal overperformance in 2018
EconomyMacroeconomyis that investment growth will more than double compared to this year, reaching 11.4 percent. Exports... for 2017 being even more impressive than previously expected. The primary surplus is expected... in the MTFS, with both direct and indirect tax intakes lower than initially thought at 20.77 billion
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Eurogroup paves way for completion of third review, talks on debt relief
EconomyProgrammeas the amendment submitted to Parliament changing the law on strikes so that a quorum of more than 50... is implementing will leader to a greater reduction of Greece’s debt than originally thought. The ESM now... beneficial for Greece’s debt relief prospects but would also be more promising for eurozone reforms than
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Multi-bill on way as Athens aims to complete third review by Jan 22
EconomyProgrammeto include the amendment that will lead to first-degree unions requiring a quorum of more than 50 percent of members to call a strike, rather than a third as is the case now. However, this has not yet been... that around 70 have yet to be ticked off. Some require ministerial decisions to be issued, rather than
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Total overdue tax obligations rise to 100.74 bln, up by 1.19 bln in November
EconomyMacroeconomy, slightly lower than that for the same period last year (68.7 percent). Corporate income tax due rose..., which stands higher than the monthly average of 206 million noted at the end of 2016, but is less than 3 percent of the total figure for legacy debt. The collection of new tax debt (excluding non-tax
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Car sales rise by 16.1 pct in December, annual increase reaches 20.8 pct
EconomyMacroeconomyaccounted for more than 82 percent of the total monthly car sales. Over 65 percent of these were... by 100.4 percent. Although the overall rise in car sales is higher than that for 2016 (+11 percent), and higher than 2015 (+13.5 percent), it still remains less than half of the record high
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Property ownership waning in Greece as renting takes over
Societythan own a property (42.1 percent). Among those who did own property, 70.7 percent owned... property owners show an appetite for selling in the next years, this is not matched by buyers. More than... of 300,000 euros, more respondents (42.1 percent) said that they would put the money in the bank than
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Government takes another stab at media regulation among growing scepticism
Societyadvance on the current figure of zero - would inevitably have far greater political symbolism than... 35 million euros – significantly less than was raised per license in the last round, but adding up... process is a considerably more low-key affair than the much-hyped auction of 2016, which the Greek Union
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Collateral damage in Europe?
Agorainvestments – at times undertaken in a less than transparent manner – in German car manufacturing, nuclear..., it is obvious that Germany and France are in a better point of departure than say Greece and Hungary... in DC and taken seriously in Beijing than going it alone. In theory such unity of purpose
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Is the cost of Greece's public sector soaring again?
EconomyFeatures. As such, they are more a reflection of the use of private contracts in the public sector than the number... Secretaries, 29 “Horizontal” Directors General, and more than 60 Sectoral Directors General. The appointees... the direct exercise of political discretion even further down the seniority scale than previously
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Greece’s unstable and confusing tax system failing to deliver results
EconomyMacroeconomypercent in 2014, and had risen to 50.7 percent in 2017, higher than Sweden’s rate of 49 percent... than the figure for 86.78 billion in 2017. In addition to higher taxation, payment rates are also... of less than 9,000 euros a year, meaning that they make less than 750 euros a month. Greece is one
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