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Athens prepares to send draft budget to Brussels, lines up next tax measures
PoliticsGreek Politicsthe last few weeks with the European institutions so next year’s draft economic plan can be submitted... by December or January at the latest so that it is recorded in this year’s budget, Ta Nea reported on Monday... on traditional tax havens and uncertainty caused by Brexit. Surplus targets The government’s fiscal plans
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ND unveils migration bill seeking to tighten up asylum process, speed up returns
PoliticsGreek PoliticsThe government is seeking to overhaul Greece’s asylum procedure with the aim of tightening up... was reached between the European Commission and the UK government. Mitsotakis’s intervention on the issue.... More detailed medical examinations will be needed for this to happen. The bill’s provisions seem
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Govt proposes property VAT reduction to kickstart home sales
EconomyFeaturesin order to kick-start the country’s stagnant property market. This would bring more than 100,000 unsold... during Greece’s crisis years. The latest Bank of Greece (BoG) property price data from the second.... The latest quarter’s increase was the highest since Q1 2007 when a YoY rise of 8.7 percent
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ND tries to quash refugee backlash, protect strong poll ratings
PoliticsGreek Politicsbe housed in empty hotels. Petsas blamed the previous government for leaving Greece’s asylum process... refugees and the government’s policies. The latest protests took place in the northern towns of Serres... of respondents had a positive or “probably” positive view of New Democracy’s performance since it came
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Unemployment edges down to 16.7 pct, lowest since April 2011
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate edged down to 16.7 percent in August, down from 16.9 percent in July, Hellenic Statistical Authority’s (ELSTAT) data showed on Thursday. For the same time last year, the unemployment rate came to 18.9 percent. August’s reading is the lowest since
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Looking to build on support for relief measures, ND unveils new tax bill
PoliticsGreek PoliticsThe government’s latest tax bill is due to be put to public consultation on Thursday, providing New... advertised in this summer’s election campaign. This measure is due to be adopted next year... of boosting tax revenues and Greece’s GDP. VAT will be suspended for three years on any buildings
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Eurobank first to tackle NPL reduction via APS
EconomyBankingthe bids submitted by Pimco and doValue on behalf of Fortress for 80 percent of Eurobank’s licensed NPL servicer, Financial Planning Services S.A and management of all of the bank’s NPEs. Both entities... by the bank’s Board due to the pricing and timing of payments. The terms of the transaction are pending
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IMF cool on growth, urges greater effort on bank, fiscal and labour reforms
EconomyProgrammewith the Fund’s policy recommendations, the report should not have caused surprise to the Greek authorities or the country’s official lenders as they reflect the longstanding views of the IMF. As was the case... down to 0.9 percent that it considers Greece’s long-term growth potential. In the report, the IMF
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Eurobank net profits at 56.3 mln in Q3 from continued operations
EconomyBankingstake of the bank’s servicer subsidiary FPS, Project Europe. The relevant transactions are expected...’s licensed NPL servicer, Financial Planning Services S.A and management of all of the bank’s NPEs...’s plans to participate in the government’s APS scheme to further improve their balance sheet. He
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Mitsotakis keeps cool over white collar crime claims as poll delivers new boost
PoliticsGreek PoliticsAlleged white collar crime topped the agenda during Prime Minister’s Question Time in the Greek... stance that apparently resonated with voters during this summer’s elections. Opinion poll... to a greater or lesser extend with the government’s tweaking of the university asylum law, which regulates when
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