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Greece fell two places to 60th in Doing Business ranking, World Bank says
EconomyGreece’s position in ‘Ease of doing business’ ranking deteriorated by 2 spots, World Bank 2016... 71st place. Greece’s ranking has also dropped by 4 spots in Starting a Business (54th), by 3 spots in Paying Taxes (66th) and by 2 spots in Resolving Insolvency (54th). In the ten topics measured
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Newsletter 49 - 30/10/2015
of 2 billion euros. A few days later, on October 27, the government’s council for economic policy... to only 26.2 percent. Given that the ballot will be open, meaning that anyone willing to pay 3 euros... in September. October’s rise took the index to -59.6. Overall,ESI is down 12.6 points this year. 2
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The key points in Greece's new bank recap bill
Economyof Greece (BoG) following the submission of an updated restructuring plan. 2) The updated... to boost capital by 100 percent if capital needs are not fully covered. 3) In case the said capital... is allocated among preference shares and other Core Tier 1 (CET1) instruments, Tier 1 instruments, Tier 2
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Home foreclosures and refugee crisis top agenda in Greece-EU talks
PoliticsForeign Policyforeclosures 2) Making changes to the 100-instalment scheme for tax and social security debtors 3... instalment of 2 billion euros. The EU commissioner did not pinpoint what four issues he was referring
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Greece gets tranche and looks ahead to next tasks, including pensions and NPLs
EconomyProgramme-tranche of 2 billion euros to Greece after the completion of the first set of milestones as well... of competition and prospects for investment. 2) Design of the New Organisation of Markets in Electricity (NOME... deliverables. 3) Reform of the unified wage grid with the MoU noting that key parameters should
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Budget execution improves significantly in Oct, primary surplus reaches 4.53 bln
EconomyMacroeconomyEmployment Agency (at 42.7 percent of the FY target of 750 million) 2) Other SSFs expenditure (at zero versus an annual target of 446 million) 3) Grants to hospitals (at 37.9 percent of the FY target of 1.16... of the sub-tranche of 2 billion on November 24 is expected to improve the state’s liquidity and according
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Management of NPLs to test gov't in negotiations with lenders
Economy) Initiation of the preparatory work to update and amend the out-of-court resolution law. 2) Proposal... debts to both private and public creditors as well as execution of specific NPL resolution action. 3... of September, meaning a rise by 2 percentage points in the third quarter close similar to the asset quality
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Gov't postpones discussion on parallel programme ahead of tranche approval
Economyinterventions such as: 1) Establishment of poor citizens’ bureaus. 2) Health support for uninsured and vulnerable citizens as well as for legal immigrants. 3) Exemption of vulnerable citizens from paying... of supplementary staff of Social Welfare Centers (2 million). For most of the other measures, GAO report
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Coalition poised to unveil pension reform proposals, hoping to avoid cuts
EconomyProgrammeand granting of pensions. 2) The final pension amount will be made up by the national and the main pension with both being guaranteed by the state. 3) The national pension will amount to 384 euros... the amount that around 2 million people in the public and private sectors contribute to the social security
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Where things stand on the Greek pension reform proposals
EconomyProgrammeof the four main pension funds into the Social Insurance Institute (IKA). 2) Unified methodology for social... currently applied to salary-earners. 3) Increases in the contributions for supplementary pensions... for the self-employed. Also, the International Monetary Fund sees a fiscal gap up to 2 percent of GDP (3.7
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