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Wide range of exacting issues lie ahead for Greece in first bailout review
EconomyProgrammeand lower pension replacement rates for new pensions, creating strong objections from a large number... replacement rates, while also favour the national pension to be granted based on income criteria. Another... tax rates for farmers (from 13 percent in 2015 to 20 percent in 2016 and further to 26 percent
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First days of talks confirm gap between Greece, lenders on pensions
PoliticsGreek Politicsmillion euros. This means even if institutions accept lower rises to contributions’ rates it would... from tax income reform, 142 million from increase in tax rates on rental income and 32 million from higher tax income rates on farmers. On a separate issue, the Development Minister Giorgos Stathakis
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Greece ranks 43rd in impact on global innovation
Societyindicators– effective corporate tax rates, research and development (R&D) tax credit generosity... regimes. In terms of effective marginal corporate tax rates – the percentage corporations actually... of Pennsylvania rates the ITIF the most authoritative science and technology think tank in the US
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Some progress made as Greek programme review heads for break
EconomyProgramme, there is a divergence on the lenders’ request for higher replacement rates for those with more than 25 working... scale are estimated at around 1 billion euros, while an increase in the solidarity levy rates is also... target of 2.65 billion. A potential solution involves an increase in the current tax rates
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Revenues of 1 pct of GDP targeted from changes to income tax and solidarity levy
Economyin solidarity levy rates would lead to higher burden for all individuals with annual income above 18,000 euros. The net impact from the new rates on income tax and the solidarity levy would entail much... and further to 26 percent in 2017. Another issue relates to the tax rates on rental income. The third
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Greek bailout talks yet to conclude as start of IMF meetings approaches
EconomyProgrammereplacement rates, which would range between 0.77 percent (from 15 years) up to 2 percent (for 42 years). Those rates result in a cumulative pension replacement of 40.7 percent, which is lower than... will increase from 10 to 15 percent, while the rates on income from rents will also increase to 15
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Newsletter 72 - 06/05/2016
security contribution increases, lower replacement rates and cuts to supplementary pensions... lending fell sharply in March, with rates for amounts of over 1 million euros dropping by 90 basis... to 4.17 percent. In contrast, interest rates in the household lending sector recorded insignificant
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Retail sales drop for thirteenth straight month by 5.2 pct in June
EconomyMacroeconomyit remains in negative territory in the course of first half. The biggest drop rates in June were... and footwear, recorded growth rates of 10.9 and 3.4 percent respectively in June. Compared to the previous... rates have been posted in books, stationary and other goods (-8.9 percent) and super markets (-16.5
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Greece worst-performer in EU 28 for social justice
Societyboth Romania and Bulgaria have seen their index scores improve thanks to a fall in poverty rates... the mark” in providing high employment rates in good, well-paying jobs. The workplace is marked by the lowest rates of employment among older workers, a low ratio of women to men, and the highest
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Time deposit rate edges down to 0.76 pct, loan rate spikes to 5 percent
EconomyMacroeconomy, the corporate loan rates in Greece remain more than 300 bps above the eurozone average lending rates... percent. Overall, the increase in the corporate lending rates led the weighted average rate on new
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