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Tax revenue overperformance in Sep confirmed, primary budget deficit at 5.96 bln
EconomyMacroeconomyin the MTFS. Even factoring those two elements, net tax revenues up to September are above the target by 1.36 billion euros. The budget balance up to September recorded a deficit of 10.15 billion euros..., consumption and income taxes categories outperformed up to the September period with corporate income
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Budget primary deficit to Oct confirmed at 7.18 bln, improving from 9.07 bln last year
EconomyMacroeconomyThe budget primary balance landed at a deficit of 7.18 billion euros up to October 2021, compared... budget in Parliament last Friday. The budget balance up to October recorded a deficit of 11.5 billion... mainly thanks to tourist activity. Various VAT, consumption and income taxes categories outperformed up
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SYRIZA zooms in on inflation, pandemic weaknesses to boost popularity
PoliticsGreek Politicsno let-up in the number of patients receiving intensive care. The opposition also picked up on comments... to be backed up by a new opinion poll. The survey carried out by ProRata for the ieidiseis.gr suggests... the same period, SYRIZA’s support has inched up to 25.5 pct from 25 pct, while centre-left KINAL
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ND seeks to capitalise on divergent views over defence procurements
PoliticsGreek PoliticsRafale jets and up to 4 Belharra frigates from France, the debate around the procurements still... of the expenditure will end up remaining in the country. This point was also raised by KINAL, which also.... The government, however, insisted that the purchases were necessary to stand up to the threat posed
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Uptick in retail sales accelerates to 23.8 pct in Dec, total rise for 2021 reaches 11.5 pct
EconomyMacroeconomyin the previous year and a much-subdued festive season in sales. The index during 2021 is up... and pharma products up by 24.4 percent. Automotive fuel sales volume was up by 22.2 percent... is up by 11.3 points since March 2021. The overall economic sentiment (ESI) stayed broadly unchanged
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Mitsotakis pledges more help to tackle inflation, calls for EU price cap on natural gas
PoliticsGreek Politicsrisen above 2 euros per litre and household electricity bills were up by an average of 27 pct... the last couple of weeks, however, mean that the ruling conservatives will have to come up with a much... is also hoping that the EU will come up with an RRF-type solution to address spending on energy
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PM yields on energy windfall tax as govt feels strain
PoliticsGreek Politicsfor the ruling centre-right party fell to 27 pct from 28.5 pct in February. Support for SYRIZA edged up from 19.1... is handling this challenge. The economy is seen as the most important problem by 36 pct of respondents (up 4 points on February), followed by rising prices, which are worrying 29 pct of voters (up 5 points
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Inflation triggers political machinations, move to increase budget spending
PoliticsGreek Politicsthat make up a big part of what is in the shopping baskets of vulnerable households. It is not certain... party is up to 2.1 pct from 1.5 pct. When translated into projected election results, New Democracy... an economic conference this week that the next government may have to be made up of more than one
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Parties rehearse arguments on social policy as labour law comes to vote
PoliticsGreek Politics. The government’s “Jobs Again” bill comes to the vote in Parliament today in what is shaping up to be a major... is a shake-up of the state employment agency OAED and a broadening of its remit to cover more areas... to support affordable housing for the young. Among the options opened up by the organisation’s
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Changes to energy subsidies aimed at winning over middle class
PoliticsGreek Politicsbut could be held as early as this autumn, the centre-right leader stepped up the effort... the crisis began. The new subsidy scheme will be rolled out in July. The previous set-up will remain in place for May and June. Mitsotakis also announced that consumers would also receive up to a maximum
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