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Disposable income grows by 0.4 pct in Q4, final consumption shrinks by 0.6 pct
EconomyMacroeconomyin taxes on income and wealth, along with social contributions. Since 2010, disposable income has... at 15.91 billion. Employee compensation has fallen by 24.7 percent over the last seven years due... to 1.07 billion. Since 2010, property income has plummeted by 60.6 percent. Household final
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Credit contraction at 1 pct in March, balance at 180.34 bln
EconomyMacroeconomysector lending balance has turned positive for the first time this year. During March, the corporate... came to 21.24 billion. The latest reading means that the balance has remained under the 23-billion-euro mark for a fifth consecutive month. The Greek market has been experiencing a contraction
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Speculation about timing of next general elections intensifies
PoliticsGreek Politics-year term expires. The date of the next regional and municipal vote has not yet been set... talks about holding the vote with the local elections. As things stand, no decision has been taken by Tsipras and he is unlikely to start whittling down his options until the third bailout has been
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Tsakalotos eyes conclusion of review and debt talks, will not dispute pension cuts
EconomyProgrammethere was a straight swap with the lowering of the tax-free threshold due in 2020, has always seemed... be nothing like what Greece has experienced since the first programme was agreed in 2010... the spirit of the Eurogroup decision because we feel that a secure signal has to be sent
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New overdue taxes up by 776 mln in March, total stock at 101.44 bln
EconomyMacroeconomyfigure came to 3.9 million. The latest figure for March means that the total number of tax debtors has... for the previous month. The IAPR has set a goal for the overall tax collectability rate to reach 84 percent... this year. Greece’s tax system has come under scrutiny in two recent reports. A report
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Tourism accounts for 27.3 pct of Greek GDP in total, study shows
EconomyFeaturesA study by the Greek Tourism Confederation (INSETE) has indicated that tourism was worth over one... has on the economy, in that for every 1 euro in tourism revenue, the country’s GDP grows by 2.65 euros, the study states. Tourism in Greece has the eighth highest level of interconnectivity out of 64
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Lenders return to Athens with much work ahead to reach SLA by May 24
EconomyProgrammeAthens has made in completing the fourth review’s 88 prior actions. The discussions in Athens... to what has already been done on the NPL front… we would welcome the removal of some remaining....” The creditors are also expected to go over the work that has been done by Greek authorities
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Over to PMs after progress in Macedonia name talks
PoliticsForeign Policy“the package related to the positive agenda has been 100 percent agreed.” He further added that “we have... name in all cases related to its international relations. It has been suggested that the opposition... needed. It should be noted that VMRO–DPMNE has been voting in favour lately of all the bills related
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Report on PPC’s viability ruffles feathers and shakes share price
EconomyFeaturescategories of customer. PPC has been struggling for several years now and was one of the main focuses... figure of 170.2 million. The firm, which is 51 percent owned by the Greek state, has performed..., a move that has been heavily opposed by workers’ unions. McKinsey’s report emphasises
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Coalition picks out positives from lenders' deal, clashes over political violence
PoliticsGreek Politicsfor voters. He also pointed out that the government has secured the right for collective bargaining..., meanwhile, has repeatedly criticised the government since last week for allowing Former Yugoslav.... The conservatives believe that this has expansionist connotations, linked to the Ilinden uprising
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