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EC sets out improvements Athens should make to primary residence proposal
EconomyProgrammewith extensions of up to 25 years, a loan haircut of the loan amount that exceeds 120 percent... up being a safety net for those in serious financial distress but willing to meet their mortgage... teleconference involving the institutions, government officials and Greek bankers has been lined up
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Turnover in tourism grows by 2.8 pct during Q4 and 9 pct in 2018
EconomyMacroeconomypredicts that tourist numbers could reach up to 30 million in 2018, but warns of competition picking up... went up by 10.2 percent in the month and by 12.8 percent in the year to date.
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Deliberations over primary residence bill set to delay green light from Eurogroup
EconomyProgrammeand the cancellation of the step-up interest rates on Greece’s loans. Should the ministers not give..., the banks reportedly highlight. As it stands, up to 11 billion euros worth of non-performing loans would... in DEPA retail will be put up for sale.
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Disbursement delayed until April as lenders wait for primary residence law to be settled
EconomyProgrammethe government and the institutions over the new primary residence framework are holding up the green light...-clear from the Eurogroup would not scupper its market strategy and having built up a cash buffer... assess whether they are eligible for protection, to be up and running.
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Car sales rise by 15.7 pct in Feb
EconomyMacroeconomywith the absolute figure standing at 12,913. The remainder was made up of lorries (2,386), motorcycles... in the first two months were made up of motorcycles (3,831), lorries (5,110) and buses (288). Motorcycle..., sales of motorcycles were up by 16.7 percent, compared to an increase of 15.2 percent in February 2018
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IMF outlines areas in which Greece needs further reforms, where it should apply caution
EconomyProgrammein 2019, up from 2.1 percent last year. Growth is seen slowing down to 2.2 percent next year and 1.6... that it is imperative for fiscal policies to free up space that will allow the lowering of tax rates, lead... should aim for a prompt and sustainable clean-up of the financial system. As a result, participating
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Tsipras tempted to ditch snap elections option and hold on until October
PoliticsGreek PoliticsDemocracy is attaching great importance to the EP vote and that it is talking up the level of anger... from calling snap general elections in May, SYRIZA will have to step up its campaign for the EP... on March 27 to firm up the cooperation with other forces. The process has been shunned by Movement
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BoG data shows that overseas property investment revenue accelerated in 2018
EconomyFeaturesProperty investments from overseas parties have picked up in recent years in Greece, as illustrated... permits granted by region in 2018 up to November. The most popular city was Athens which accounted... particularly come under fire in Greece, where clusters of Airbnb properties have driven up rent
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Main residence draft law shows signs of compromise in several areas
EconomyProgrammeto 21,000 euros for a married couple and 5,000 euros is added to this for each child, up to a maximum... their mortgage in up to 25 years at an interest rate of 2 percent above the 3-month Euribor, while.... The subsidy will be withdrawn if the recipient does not keep up his/her repayments. The protection as a whole
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Protection of main homes the next step in assembly of election ammunition for SYRIZA
PoliticsGreek Politicsand hopes to follow this up by launching settlement schemes for social security and tax debts in due... and possibly overdue taxes comes up in the coming weeks. Tzanakopoulos confirmed that government officials... ending up in exile in East Germany after the civil war and claiming that having the party’s
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