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European Commission approves 2019 budget, urges focus to meet end of year reform goals
EconomyProgramme. The specific reform commitments are in six key areas, with deadlines up to mid-2022, namely fiscal... the agreed goals. Additionally, the proposed freeze in pensions up to 2022 is projected to lead...) and the Agreement on Net Financial Assets (ANFA), and a waiver of the step-up interest rate margin
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Turnover in tourism grows by 9.4 pct during Q3
EconomyMacroeconomy(SETE) annual outlook predicts that tourist numbers could reach up to 30 million in 2018, but warns of competition picking up in neighbouring destinations. Figures from SETE for September showed that overseas airport arrivals went up by 10.2 percent in the month and by 12.8 percent in the year
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Parties trade blows over name deal, corruption claims in fraught atmosphere
PoliticsGreek Politicsthat the prime minister would take up the issue with European officials. Government sources indicated... to back it up. “Who are the European leaders that took part in the exchange with the prime minister... no intention of climbing down in what is set to be an escalating dispute. Mitsotakis’s decision to up
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October current account deficit at 871.3 mln as goods balance worsens
EconomyMacroeconomyup by 18.3 percent and stood at 1.41 billion euros, driven by a rise of 15.6 percent..., driven by an increase in foreign arrivals which went up by 10.8 percent in the aggregate period... government bonds and T-Bills. Reserve assets went up month-on-month to 6.52 billion in October from 6.17
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Coalition set to extend, improve OCW but opinion poll favours ND
PoliticsGreek PoliticsThe government is trying to tie up a number of loose ends before the end of the year, which... of businesses and individuals the chance to apply to settle their debts in up to 120 instalments next... protection to borrowers who cannot keep up repayments on their mortgages. It appears that the government
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PDMA sets out plans to build on recent market forays with bond issues in 2019
Economy, with the swap of 20 bonds worth 30 billion euros from the PSI that matured annually from 2023 up to 2042... budgetary purposes and for building up cash reserves. Following three adjustment programmes, the debt... that as of September the cash buffer stood at 26.5 billion euros, up from 24 billion at the end of the programme
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Encouragement for Tsipras ahead of key vote on name deal
PoliticsGreek Politicsto pass the Prespes Agreement received a boost over Christmas ahead of what is shaping up... take up the matter with German Chancellor Angela Merkel when she visits Athens on January 10-11... continue the momentum it has built up in recent months, which have led to a slight rally among its
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Tsipras maps out path to next elections via Prespes Agreement and possible confidence vote
PoliticsGreek Politicsresidences to replace the Katseli law, and setting up a new payment scheme for unpaid social security... legislation following. It would then be up to Tsipras to decide whether to hold on until the autumn or call snap elections before the government’s term is up. The advantage of waiting until October
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Travel balance rises by 73.5 pct in Nov, 9.7 pct in aggregate period
EconomyMacroeconomythat tourist numbers could reach up to 30 million in 2018, but warned of competition picking up... arrivals went up by 29 percent in the month and by 12.7 percent in the year to date. Road arrivals fell
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Newsletter 192 -01/02/2019
sought to pick up momentum this week by announcing an increase to the minimum wage and issuing Greece’s... euros net pay and is almost 64 euros higher compared to the one set up in 2012. The increase is much... the figure came to -27.1. Retail turnover up by 4 pct in Nov Volume index increases by 3.2 percent
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