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Primary surplus up to 3.9 pct of GDP in 2016, far above target
EconomyMacroeconomyin 2016 provides a better outlook for fiscal consolidation in the coming years. During a press... surplus figure to 0.42 percent of GDP from 0.15 percent in its previous estimate on October 20... target of 0.5 percent of GDP. It is worth noting that the IMF said on Wednesday that it estimated
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Greeks seen working longer, until July 18, to meet annual tax bill
Societylater than that of last year, which according to ELSTAT fell on July 6, 2017. They estimate... mostly due to VAT rate hikes in 20 of the 28 member states during this period. The Institut Economique... to taxes only. According to KEFiM, this means that Greeks will have worked an estimated 198 days
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Greece on track for bumper tourism year, figures show
EconomyFeaturesshowed that arrivals to the country came to 27.2 million visitors, surpassing the estimate of 26... airports up to June came to 211,591, a rise of 7.8 percent YoY. During the month of June itself, airport... to reports from several industry bodies as well as the Bank of Greece. An estimated 30 million visitors
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Final budget for 2019 excludes pension cuts, includes 910 mln in expansionary measures
EconomyMacroeconomylevel of 5.2 percent. Unemployment will drop to 18.2 percent next year, from 19.6 percent estimate... in 2019. Fiscal On the fiscal front, and based on the methodology used during the programme as well... place and was initially estimated at 7.3 billion euros. Based on the programme methodology, next year’s
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Lenders set out key review issues as Athens tables proposals for fiscal space
EconomyProgrammegranted to farmers and people from areas affected by natural disasters, of which an estimated 3 billion euros turned red during the crisis. The banks are calling for more than 2 billion euros of state... calculations. Finance Ministry officials estimate that 1.2 billion from the bond profits and 200 million
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Many obstacles to clear in Greece's digital leap
EconomyFeaturesand leveraged. A recent estimate put the combined funds earmarked for such projects in the public... for “quick wins” in this area, when it launched over 400 digital services for citizens during the pandemic... Governance). The “Digital Reboot” report estimated that between 6 billion and 15 billion euros
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Why is it taking so long for the pandemic to end in North Macedonia?
Agoraestimate that 32,769 people would have died if there was no pandemic. Which means that about 9,300 more... anyone to behave well during a pandemic when there is selective sanctioning of those who disregard...At the beginning of the pandemic, we estimated that it would probably last for two years. Today
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Reflections on Greece's balance of payments
Agoraalso triggered the crisis in 2009. During the Greek crisis years, the fiscal balance in cyclically-adjusted terms, was reduced by an estimated 16 percent of GDP (equal to the elimination... of the world. Alternatively, we can infer an “unrestricted” estimate of the Greek NII position by adding up
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S&P moves Greece further into investment grade with 'BBB' rating, stable outlook
Economyin 2024. This not only surpassed the Bank of Greece's potential growth estimate of 1.9 pct, but also significantly exceeded the 0.9 pct growth rate achieved by the euro area during the same period. While... trajectory. The government is estimated to have achieved a primary surplus of around 3.5 pct of GDP
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Newsletter 467 - 20/06/2025
Minister Kostas Karamanlis, who held office during the fatal train collision that killed 57 in February... for adverse developments to materialize and the 2.3 pct growth estimate of the Greek authorities appears.... Last year, more than 620,000 tourists from Israel visited Greece with estimated receipts of almost
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