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Income and living conditions survey shows persisting inequality
SocietyThis means that the share of income of the wealthiest 20 percent of the population is 6.1 times higher than the share of the income of the poorest 20 percent of the population. To illustrate... the age of 14. The total population’s risk-of-poverty rate was 20.2 percent in 2017, down by 1 percentage
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IMF voices concerns over long-term debt, sees more relief being needed
EconomyProgrammebetween the IMF and the eurozone is 15 percent of GDP in the near-term and 20 percent in the long-term...-term growth cannot exceed 1 percent, and even those assumptions can only be achieved if Greece..., which brings real growth that exceeds 1 percent. In the IMF’s baseline scenerio, although debt-to-GDP
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Mixed picture for government after first day of talks with creditors
EconomyProgrammeand 2020, as had originally been the plan. When the government agreed to legislate in 2017 1 percent... to yield another 1 percent of GDP, in 2020, it did so on the proviso that it would be able to implement... agreed include the base income tax rate dropping from 22 to 20 percent and the scrapping
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Newsletter 175 -21/09/2018
that cutting pension spending by 1 percent of GDP from January, a few months before the general... on October 1 will still contain plans for the pensions to be cut. The discussion about next year’s... from 22 percent to 9 percent, the reduction of corporation tax from 29 percent to 20 percent
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ND mulls next tax cuts as it prepares to unveil new electoral law
PoliticsGreek Politics. In fact, lower income tax rates are due to kick in from January 1. Individuals earning less than 20,000... electronic transactions, which also begins on January 1. From 2020, taxpayers will have to spend 30... that ND is considering not cutting the corporate tax further from 24 to 20 percent in 2020
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Tourism sector struggles as it prepares for full reopening in July
PoliticsGreek Politicsto reopen to international flights on July 1. Having missed out on a significant portion... capacity in region of 20 percent and almost no new bookings. Banks are preparing to head off a new wave... until July 15, or a more conservative reopening to a limited number of countries on July 1. Such a move
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This is where Greek gov't could find cash to cover May's obligations
EconomyProgramme3-month T-Bills worth 1 billion this week. This was the third key transaction related to payment... tranches, the first of 183 million on May 1 and the second of 697 million on May 12. d) Interest... partners after that on February 20. Kathimerini reported on Sunday that the state has utilised so far
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Clock ticks on bailout review but big gaps remain between Greece, lenders
EconomyProgrammecontributions for supplementary pensions by 1.5 percentage points (pp), 1 pp for employers and 0.5... in contributions e.g. for 1 pp in total. This means that the government has to consider alternative measures... to be granted after 20 working years with income criteria vis-a-vis the government plan for 15 working years
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Greece, eurozone edge closer on pensions and fiscal gap but IMF keeps bar high
EconomyProgrammepercent or around 1 billion euros, mostly related to measures that are incorporated in the 2016 budget but have not been either legislated or implemented. These interventions relate to: 1) Imposition... measures. Also, Greece has to identify measures yielding a total of 1 percent of GDP (0.75 percent coming
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Newsletter 117 - 05/05/2017
and pensions (68 million) and halving the heating oil allowance. The pension savings of 1 percent of GDP... cuts of up to 18 percent, while the tax reform – which is expected to yield 1 percent of GDP... increase in 2019 and tax relief in 2020, each worth 1 percent of GDP. The targeted social expenses
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