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Fiscal matters expected to dominate talks as lenders return for post-MoU check
EconomyProgrammeon Tuesday. The whole visit is due to be wrapped up by Friday. As part of its post-MoU framework, it has... high up on the agenda. The discussion regarding this year’s fiscal data and next year’s budget... few days are likely to focus on where this year’s primary surplus will end up. Athens appears
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Lenders appear at ease with Tsipras pledges, cautious on pension cuts
EconomyProgrammeeuros in backpay. He also announced a rent subsidy scheme for up to 300,000 families, the reduction of the ENFIA property tax by up to 30 percent over two years, a decrease in social security... and prospects of Greece’s public finances and economy, hoping that the figures will help back up its argument
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Car sales rise by 36.8 pct in August with aggregate increase at 28.1 pct
EconomyMacroeconomyRoad motor vehicles going into circulation for the first time rose by 36.8 percent in August, up.... The remainder was made up of motorcycles (3,112), lorries (1,699), and buses (99). Passenger cars accounted... 122,020. In the first seven months of the year, the remaining sales were made up of motorcycles
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Mitsotakis eyes tax cuts to jump-start economy, also seeks unity but not with SYRIZA
PoliticsGreek Politics. Nevertheless, the conservative chief said during his speech that a New Democracy government would rip up... were the reduction of the basic rate of income tax for those will annual incomes up to 10,000 euros... to the state to settle their debts. He said those owing up to 3,000 euros to tax offices or pension
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Card transactions in Greece experience boost due to capital controls
EconomyBankinglifting capital controls. The Ministry of Finance has been stepping up efforts towards the lifting of capital controls in the last 12 months. Up until August of 2017, customers could withdraw a lump sum... are now allowed to send abroad up to 40,000 euros as part of business activity. Along
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Mortgage loans a key piece of NPL reduction puzzle
EconomyBankingpicked up pace, more still needed to be done. Apart from the lifting of the Katseli law, which... end up with banks. But to meet NPL reduction targets, the spectre of stepping up property auctions
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Tsakalotos states case on pension cuts in bid to overcome lenders' reluctance
EconomyProgrammetries to step up its efforts to convince the lenders to scrap the measure following talks... consistent success in beating targets (Athens expects that this year’s primary surplus could end up above 4... for up to 300,000 families from next year. Athens also argues that the European Commission’s Ageing
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Lenders set to keep coalition waiting for answer on pension cuts
PoliticsGreek Politicsof a setback for Athens, which had been hoping the matter would be cleared up by then so it could... up fiscal space for non-retiree social spending which remains as you know low in Greece and would..., though, is how the Eurogroup weighs up the situation. Germany and other member states will find
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Greece moves closer to lifting all capital controls as limits on cash withdrawals removed
EconomyMacroeconomylifted on cash withdrawals from October 1. In addition, Greeks abroad will be able to withdraw up... activities as well. From October 1, business people and companies will be able to send up to 100,000 euros.... The amount is applicable daily per transfer per client. The transfer overseas of up to 100 percent
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Kammenos deviation raises more questions about coalition's endurance
PoliticsGreek Politicsthat numerous sites in Greece could be made available for the US to set up military bases. The first... foreign policy, defence and security issues with your political future, you can land up somewhere..., it would need to find at least six deputies to prop up the government for a few months so that national
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