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Newsletter 82 - 15/07/2016
a fragile coalition of his own Socialist Party, Left Bloc, Communists and Greens. Costa, too, is finding... deadlock. In eastern Europe, Hungarian Prime Minister Viktor Orban’s ideas regarding illiberal democracy... funding notably fell by 8.57 billion from the previous month to 87.14 billion in June, which
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If rising card use in Greece meets EU average, VAT revenues would see 3.3 bln boost - study
EconomyMacroeconomypercent increase of value or number of card transactions resulted in an average increase of VAT... 1 ppt increase of card use as a share of private consumption increased VAT revenues by 1.4 ppt... and led to at least 50 percent of total annual VAT revenues increasing in 2017. IOBE notes that if card
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The cat is out of the bag: Europe's politics is a mess
Agoracoalition of his own Socialist Party, Left Bloc, Communists and Greens. Costa, too, is finding.... In eastern Europe, Hungarian Prime Minister Viktor Orban’s ideas regarding illiberal democracy appear
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Turkey's move in Mediterranean puts Mitsotakis under pressure domestically
PoliticsGreek Politicswith Libya last week to delineate maritime borders in the Mediterranean. Athens has labelled the deal “illegal,” arguing that Libya’s prime minister does not have the legal authority to sign such agreements... and creation of EEZs. Greece has also threatened to expel Libya’s ambassador in Athens. Mitsotakis has had
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It will happen when it happens - The vaccination entanglement in North Macedonia
Agorathe authorization of the vaccine by EMA. Unlike us, many countries concluded pre-agreements... prior recommendation by EMA. In addition, the online misinformation distorts the citizens' perceptions... initially pointed out at that, "we will follow the decisions of the FDA and EMA“ for the Covid-19 vaccines
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Tsipras tries to entice voters with VAT cuts and pension bonuses
PoliticsGreek Politicsproducts from the top rate of VAT at 24 percent to the lower one, at 13 percent. Similarly, the VAT..., VAT on energy bills will be reduced from 13 percent to 6 percent. Tsipras also said that 800 million... Democracy's thunder as the opposition party has made its plans to reduce taxes, including VAT
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Mitsotakis dangles promise of further tax relief but opposition questions VAT revenue bonanza
PoliticsGreek Politicsevasion. According to the PM’s plan, the increase in tax revenues from improving VAT collection... target, while VAT delivered close to 690 million euros of overperformance and excise taxes just... capital gains and VAT on new builds. In addition, the government is said to be considering tweaks
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CPI falls by another 2.2 pct in July as VAT rises yet to be recorded
EconomyMacroeconomyin the VAT rates applied as of July 20. This is because the price observations usually take place in the middle of each month. Thus, ELSTAT stresses that the implications from the VAT rate streamlining... on prices from the VAT reshuffling that will have an impact on the headline figure as of August.
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Greek deflation decelerates to 1.5 pct due to VAT rate hikes
EconomyMacroeconomyin August is primarily attributed to the increase in the VAT rates applied as of July 20. ELSTAT had noted... the implications from the VAT rate streamlining will be included in the August CPI, except some.... On a monthly basis, CPI fell by 0.4 percent month on month (MoM) as the impact from the VAT rate
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Govt proposes property VAT reduction to kickstart home sales
EconomyFeaturesThe government is taking measures to reduce the VAT on all properties built from 2006 onwards... homes onto the market without a VAT of 24 percent for the next three years. The announcement... the measures on VAT, the new government promoted a business-friendly image from the moment they launched
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