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Newsletter 42 - 11/09/2015
is primarily attributed to the increase in the VAT rates from July 20. Greece has been in deflationary territory since March 2013. Increased VAT rates eased the drop in August. Unemployment edges up Greece’s
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Potami and PASOK look for next roles following contrasting poll results
PoliticsGreek Politicsgovernment. It criticised the Finance Ministry on Tuesday for a decision to raise VAT on six islands. The socialist party stressed that the reduced VAT rates on Aegean islands were a measure it had
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Greek 2016 draft budget contains 6.4 bln in new fiscal measures, sees recession ahead
EconomyMacroeconomy) Revenues (3.99 billion – 62.5 percent of total) 1) VAT rate streamlining including abolition of the 30 percent discount in VAT on islands (2.2 billion) 2) Increase in the solidarity levy rates (390
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Parliament's budget office sees risks and rewards in third bailout
EconomyMacroeconomythe implementation of the memorandum of understanding (MoU) such as VAT on private education, the management of bad... but includes several “horizontal” measures, such as the increase the VAT rates, which intensify
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Athens ticking off prior actions one by one as EU keeps close watch
PoliticsGreek Politicsto do with its stalled plans to impose a 23 percent VAT rate on private education. Athens is still... per year, still leaving a small shortfall for the government to cover. Increasing VAT on beef from 13
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Home foreclosures and refugee crisis top agenda in Greece-EU talks
PoliticsForeign Policyplans to impose 23 percent VAT on private education As we indicated on Tuesday, the government’s... VAT rate as a result of the measures agreed with the institutions this summer. He also repeated
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Government in race against time to resolve bailout issues
EconomyProgrammedebtors, equivalent measures for not imposing a VAT rate of 23 percent on private education and lower... per annum to compensate for not imposing the VAT rate of 23 percent on private education, which
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Greece, lenders reach deal to secure bailout sub-tranche and bank recap funds
EconomyProgrammethe pending prior actions, such as foreclosures, equivalent measures for not imposing a VAT of 23... confirmed the key alternative measure for not imposing 23 percent VAT on private education would
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Notable increase in grants to social security sector leads to budget primary deficit in Nov
Economydue to double-digit drop of 15.2 percent in consumption taxes, while VAT revenues grew by 5.9 percent... largely due to a drop in VAT revenues by 1.1 percent, while consumption taxes marginally improved
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Jan-Feb budget primary surplus soars to 3.04 bln, aided by underspend and PIB revenues
EconomyMacroeconomy. Moreover, VAT revenues rose by 6.2 percent to 2.5 billion, also reflecting the VAT reshuffling implemented
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