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Athens details fiscal counter-measures, a vital selling point for Tsipras
EconomyProgrammecost depending on the disease. Overall, 1.9 million pensioners, out of the total figure of 2.3... in the solidarity levy rates. In particular, the rate for annual incomes between 12,000 and 20,000 euros would... rates for higher incomes would remain stable at 9 percent for those earning between 65,000 and 200,000
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Greece eyes first bond issue since 2014 to smooth out volatile relationship with markets
EconomyFeaturestransaction, the next issue in July fell short of estimates as the total offers reached 3 billion euros... to improve the benchmark rates for borrowing from the markets. On top of reform implementation... and being refinanced at affordable rates. This requires a significant reduction in the country risk
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Govt tables 2018-21 MTFS containing 4.5 bln in measures, sees growth rising from 1.8 pct this year
EconomyProgramme. Including non-specified measures worth 1.5 billion in 2020 and another 2 billion in 2021, the total tax... are expected to rise at broadly similar rates of 2.3 and 2.5 percent in 2017 and 2018 respectively... of sustaining positive real GDP growth rates, the HFC stressed.
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Tourism could give economy annual 5 bln boost, NBG report finds
EconomyFeaturesseason between June to September resulted in annual Greek hotel occupancy rates of 27 percent... conditions of 2015 also led hoteliers in Greece to drop their rates under pressure from travel agencies... to an annual increase in total tourism investments to 4.5 billion from 3.9 billion in 2010-2015 and 8.6
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Business balance positive in 2017, small companies continue to dominate
EconomyFeaturesto medium sized enterprises, along with high rates of self-employment which such small companies provide. Greece currently has the highest rates of self-employment in the European Union, with the latest... percent. A total of 17,590 such businesses were opened in 2017 while almost as many (17,430), were
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More changes needed to unlock private sector's potential, report says
EconomyFeatures- and knowledge-intensive sectors in the total economic output has risen slightly, and the share of fast..., and developing a reliable, effective, tax system with moderate tax rates,” they underline... can and should aim for growth rates of 5 percent as this poses a realistic scenario considering
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Recent study issues warning over ageing population, future pension burden
Societya spanner into the works of the high economic growth rates the country needs to achieve over... rates in Europe. The population of school-aged children (3-17 years old) will fall from 1.6 million.... The Hellenic Statistical Authority (ELSTAT) statistics for 2016 showed that during the year, a total
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Moody's explains cautious approach to Greek credit rating upgrade
Economychallenges in the medium- to longer-term, which also include low savings and investment rates. The banking... interest rates and very long maturities. Moody’s highlights that Greece remains dependent on political... by 2 percent this year and accelerating mildly to 2.2 percent in 2019. The total fiscal balance is seen
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Newsletter 192 -01/02/2019
that the total bids reached as high as 10 billion euros. Finance Minister Euclid Tsakalotos also claimed... income and corporate tax rates, and the elimination of social contributions as part of an overhaul... creation. In addition, cutting corporate tax rates was found to have a negligible positive impact
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Athens sets out debt management strategy for 2020, reopens 10-year bond
Economycompetitive rates thanks to high oversubscription, with coupons of 3.45 percent and 1.875 percent. PDMA managed to complete its issuance strategy as early as July, having issued a total of 7.5 billion euros..., competitive rates and attracting long-term investors, the government believes. Combined
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