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  1. Greece and creditors reach SLA - legislation of reforms and debt relief talks next
    Photo by Panyiotis Tzamaros/Fosphotos

    EconomyProgramme

    that this year’s ENFIA property tax would be calculated using the new “objective” values that were... that Greece will exceed its 3.5 percent primary surplus target this year and in next. This means that the lowering of the tax-free threshold due in 2020 does not need to be brought forward by a year

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  2. Mitsotakis applies pressure over MoU exit and name talks
    Photo via @kmitsotakis

    PoliticsGreek Politics

    if Greece is not going to receive any more funding. Mitsotakis argued that next year’s pension cuts... believes Tsipras is capable of pledging later this year not to cut pensions in 2019. “I am not going... himself from any solution to the name issue at this given time. New Democracy decided earlier this year

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  3. SYRIZA prepares for final bailout vote, seeks to highlight benefits
    Photo by Angelos Christofilopoulos/Fosphotos

    PoliticsGreek Politics

    will be able to implement, given that it is expected to meet its primary surplus targets this year... the 700 million euros of tax cuts that are lined up for next year as part of the counter-measures... produce a primary surplus in excess of the 3.5 percent of GDP goal every year until 2022, after which

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  4. Banks meet NPE targets in Q1 but mortgage reductions remain slow

    EconomyMacroeconomy

    of last year at 1.8 percent, while the default rate increased to 1.9 percent. The performance... compared to the same quarter last year reached 23.4 percent in the consumer loans portfolio, 12.6 percent... of the estimated NPE and NPL reduction is back-loaded and is expected to be implemented this year

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  5. Trade deficit drops by 4.6 pct in April as export activity remains strong
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    for the current figures in April. Exports in April rose by 11.6 percent year-on-year (YoY), against a rise.... The aggregate figure for the first four months of the year showed a YoY fall of 15.1 percent

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  6. Car sales up by 18.7 pct in May, motorcycle sales rise 16.3 pct
    Photo by Natasha Pantazopoulou/Fosphotos

    EconomyMacroeconomy

    , which came to 29.3 percent. Car sales for the month came to 19,977 compared to the same month last year... percent in May and by 19.9 percent in the aggregate period. During the respective periods a year ago, motorcycle sales had declined by 12.1 percent and 22.6 percent. According to the full-year data

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  7. Wages index rises by 2 pct in Q1 and 4.9 pct YoY
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    The seasonally adjusted (SA) Wages Index rose by 4.9 percent year-on-year (YoY) in the first quarter (Q1) of the year, after a rise of 2 percent in Q4 2017, Hellenic Statistical Authority (ELSTAT) figures revealed on Tuesday. The wages index captures employees’ gross earnings, which include

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  8. About last night
    Photo by MacroPolis

    Agora

    surpluses of 3.5 percent of GDP this year and all the way up to 2022. It is only to be expected... a year after staring into the abyss in June 2015, there was an agreement for short-term debt relief... the tribulations of the first half of 2015, Greece has not tanked. It has been growing since last year

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  9. IMF's Article IV conclusion outlines progress and remaining risks on road to recovery
    Image via www.imf.org

    EconomyProgramme

    of this year’s mission. The staff will prepare a report that will be presented to the Fund’s..., the Greek economy is expected to grow by 2 percent in real terms this year and 2.4 percent in 2019... further from 20 percent this year to 14 percent in 2023. However, there is a combination of external

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  10. BoG Monetary Policy Report positive on programme end but advises caution for future targets
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyBanking

    this year, 2.3 percent in 2019 and 2.4 in 2020. As employment conditions improve and the recovery... growth will be strong above 9 percent, reaching 11.8 percent this year. Export growth will outpace... percent last year and 19.8 percent in 2018. The balance of payments is seen in balance by 2020

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