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Grand projects and even loftier ambitions drive Greece's energy project bonanza
EconomyFeaturesin 2008-2010. The recession has resulted in a backlog of 21.4 million euros’ worth of infrastructure... sector is a case in point. Since Greece introduced natural gas as a fuel in 1995, it has built... domestic demand, which peaked at just 4.5 bcm in 2011 and has yet to recover to similar levels
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Govt prepares ground for unvaccinated to face penalties
PoliticsGreek Politicsto table legislation that will penalise public servants who do not get the Covid-19 jab The authorities... at least one jab and 43.7 pct being fully vaccinated. These numbers also prompted the government... of vaccines by seeking to punish the unvaccinated rather than convince them to get the jab.
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Newsletter 91 - 07/10/2016
. The corporate tax rate has changed seven times in the past decade. This frequency makes any... income tax reform (772 million), changing the rate of and extending the solidarity levy (678 million) and increasing the excise on fuel (440 million) and the VAT rate from 23 to 24 percent (218 million
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Eurogroup marks end of cycle and squaring of circle for Greece
Agorathe International Monetary Fund, which the eurozone has identified as the ultimate authority on this matter, while... profile to the ESM smoother, reduced interest rate risks for Greece by the ESM locking low interest rates and partly abolished some interest rate charges from 2012. The medium-term debt relief
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No let-up in tension with Turkey as MPs prepare to approve maritime boundary deals
PoliticsGreek PoliticsThe belligerent rhetoric from Turkey towards Greece has continued this week as Greek MPs prepare.... New Democracy and KINAL lawmakers are due to vote in favour of the deal, but SYRIZA has decided... stance it should take. The opposition party has been critical of the pact with Cairo because it does
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PM seeks to douse snap election talk, points to October polls
PoliticsGreek PoliticsAmid growing speculation that Alexis Tsipras is thinking of rejecting the option of holding snap general elections in May, the prime minister has given the strongest public indication yet that he... reports suggesting that Tsipras is leaning towards holding out until October for general elections
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New overdue taxes rise by 428 mln in June, total stock above 102 bln
EconomyMacroeconomyof 610 million euros, data from the Independent Authority of Public Revenues (IAPR) has shown... month-on-month in June. The VAT collectability rate increased to 89.3 percent in June, the highest level for the year so far. May’s VAT collectability rate had stood at 85.2 percent. The amount of VAT
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Newsletter 104 - 27/01/2017
Monetary Fund has demanded. This was not confirmed in the Eurogroup statement or in the press conference... on February 6. Details leaked to the Greek media suggest that the Washington-based organisation has... lengthened to 2070 and the interest rate on EFSF and ESM loans to be lowered below 1.5 percent for 30
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Internal party rivalries prove a hassle for Mitsotakis and Tsipras
PoliticsGreek Politicshas reportedly managed to get his way over the holding of a vote of party members before SYRIZA’s... summer’s elections. Tsipras has instead backed the holding of a conference in April to address... the two men has gradually broken down since last summer, when New Democracy won the general elections
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Questions persist about timing of general elections
PoliticsGreek PoliticsNew Democracy has called on Prime Minister Alexis Tsipras to clear up some of the basic parameters... on May 19 or May 26. So far, the government has indicated that the local and European elections will be held on the same date. However, this option has been complicated by the possibility of Tsipras
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