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Budget primary surplus confirmed at 1.94 bln in 2017 on expenditure fall
EconomyMacroeconomythan direct taxes for 2016, with property tax revenues declining 9.7 percent and income tax by 3.... The annual figure for 2017 is 64.3 percent higher than that for 2016 when it came to 3.26 billion... percent decline in primary expenditure which came to 43.53 billion which is 983 million lower than
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Overdue social security debt reaches 31.3 bln in Q4, collected revenues beat annual target
EconomyMacroeconomycontributions of more than 5,000 euros from the four main Greek pension funds based on several theoretical... of unpaid contributions mentioned previously. The breakdown shows that 69.3 of debtors owe less than... billion, higher than the amount for 2016 by 28.4 percent and mostly driven by a QoQ rise in revenues in Q3
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Manufacturing wage cuts were turned into profit, GSEE study claims
EconomyFeaturesthe crisis resulted in greater profit margins for companies rather than lowering prices. Wage... claims that this indicates that rather than pricing in wage reductions, as other industries appear... by more than a third, the drop in the price index did not exceed 2.7 percent. In the wider manufacturing
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New centre-left party keeps political options open at inaugural congress
PoliticsGreek Politicsthen. There is, however, another section that believes SYRIZA would make a more natural partner than New Democracy... is able to shape its own political identity, rather than be seen just as a potential future partner for New Democracy and SYRIZA, and to ensure that there is plurality within the party rather than just
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Complications over reforms cast doubt on June target for global deal
EconomyProgrammedeal between Athens and the lenders may have to wait until July, rather than June. More than 70... being reached at the July 12 Eurogroup may be more likely than at the June 21 meeting of eurozone
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Ahead of IMF Spring Meetings, questions remain about conclusion of programme
EconomyProgrammethat the primary surplus goals from 2023 onwards should not be any higher than 1.5 percent of GDP... than two weeks until the next Eurogroup to show that it has not stopped at the 10 or so key... milestones in the plan rather than vague targets. The final draft is to be tabled at the informal
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EC forecast acknowledges pressure on Greek households, revises down growth
EconomyMacroeconomysuggests that “households may be more financially stretched than previously assumed... is less than half the previous 1.2 percent growth forecast and next year’s is also lower from the 1.2... “as it was partly achieved through lower-than-expected spending and a number of temporary factors, including
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Despite debt deal likely falling short, IMF to retain a role in Greece
EconomyProgramme. According to the report, the extension of maturities will be set at 15 years (more than the 3-5 years... 48,961 property owners (0.7 percent) will see their ENFIA bill increase by more than 200 euros. The ministry said that 1,470,962 taxpayers (23 percent) would pay less property tax this year than
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Fall in apartment prices decelerates to 0.2 pct in Q1 for slowest contraction on record
EconomyMacroeconomytransactions and appraisals data. In other indicators, the housing loan balance has contracted by more than.... During last year, the absolute number of permits came to 13,847. Although this is higher than that for 2016, it remains around 86 percent lower than the peak of 95,730 permits issued in 2005.
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Budget primary surplus at 1.54 bln in May on revenue rise, sharp investment underspend
EconomyMacroeconomybillion for the month of May, higher than the figure of 3.23 billion in April and 12.4 percent higher than the figure for the same time last year. The aggregate figure for the first five months... in the first five months of the year, 516 million better than the target.
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