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Mandatory e-payments come into force as Greece seeks to boost card use further
EconomyFeaturesto combat tax evasion and boost VAT revenues. Paying by card has historically been unpopular in Greece... in ample will avoid the fine. Capital controls Greece has long been a nation of cash lovers, much... pointing to a continuing reluctance to pay by card. It has also been commented that a directive
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Athens readies labour legislation, but not to cross off prior actions
PoliticsGreek Politics’s standing with at least some voters. The coalition has long made it clear that it wants to bolster... the government’s achievements and try to reverse the tide of criticism that has left the coalition... be noted, though, that the government still has some politically sensitive legislation to adopt
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Economic sentiment improves again in Aug, consumer confidence climbs by 4.5 pts
EconomyMacroeconomyin the first half of the year, ESI has improved by 3.9 points since January and 5.8 points since May... to -3.7. In the year to date, industry confidence has improved by 2 points, services confidence has jumped by 26 points, retail trade has deteriorated by 16.5 points while construction is down by 5.2
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Tsipras invokes Andreas Papandreou as centre-left challenge simmers
PoliticsGreek Politicsthe conservatives gain an outright majority at the next elections. It has been noticeable over the previous months that as PASOK has sought to redefine itself, even though some believe that it is searching...”, sought to address some of the criticism that has been directed at Papandreou, who is seen by some
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Unemployment falls to 21.2 pct in June, lowest since Dec 2011
EconomyMacroeconomyrevealed on Thursday. The headline figure means that the jobless has now fallen to its lowest level..., representing the highest reading for the year so far. Over the last 12 months, the jobless rate has been... percent. The IMF has forecasted unemployment to stand at 21.9 percent for 2017. The OECD has said
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Energy conference highlights path and obstacles to European energy integration
EconomyFeaturesin terms of energy security is the role of Turkey, whose cooperation on energy has been tied... Internazionali, addressed these concerns. “Turkey has been moving closer to Russia, but it’s in Turkey’s... and Turkey is a multilayer factor. There has been a lot of progress in terms of the electricity market
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Athens waits to sound out IMF, PM moves on from vote
PoliticsGreek PoliticsMinister Alexis Tsipras’s visit to Washington next week, the government has some time to take stock... has raised hopes in Greece that discussions over next year’s fiscal gap, as part of the third review... for Athens to get a full picture of where the IMF stands. There has been much concern within
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Eurosystem funding falls by 3.58 bln in September
EconomyMacroeconomyCentral Bank (ECB) funding fell by 1.21 billion to 13.23 billion euros. ELA funding has fallen every... review. The reduction in ELA funding in September had largely been anticipated, as the ECB has been... of the first programme review, central bank funding has fallen by 53.99 billion, with around two-thirds
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Household disposable income fell by another 2.3 pct in 2016, consumption down by 1 pct
EconomyMacroeconomysurplus of 100 million. Throughout the crisis, Greece’s balance with the rest of the world has.... The cumulative drop since 2010 in disposable income has reached 40 percent, while consumption has been reduced by 28 percent. The drop in disposable income and the reduction in gross saving has pushed
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Effort to end notaries' strike amid concern for auctions, NPLs
EconomyProgrammeproperty auctions, which has led to the latter group refusing to take part in any more..., including electronic ones that are due to start at the end of November, has triggered concern within... to the government that the issue has to be dealt with quickly. As a result, Justice Minister Stavros
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