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Budget for 2020 eyes faster growth while balancing tax cuts with more revenues
EconomyMacroeconomyFollowing the nod of approval from the European Commission (EC) earlier in the week, the Finance... will be led by substantially higher investment spending, which the Finance Ministry expects to grow by 13.4... of Christmas. The Finance Ministry wants to take a more conservative approach this year and set aside
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Newsletter 230 -29/11/2019
of dividends tax from 10 to 5 percent. In its statement, the Finance Ministry claimed that the bill... targets The Greek Finance Ministry announced during the week that the process of prepaying some... in the first 10 months of 2019, compared to a surplus of 3.81 billion noted in October 2018, the final Finance
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Eurogroup to approve release of bond profits but bid to repurpose funds falls flat
EconomyProgrammeWednesday’s Eurogroup is expected to result in eurozone finance ministers approving the conclusion... gradually until June 2022 so they can be “used to reduce gross financing needs or to finance other... to finance with the ANFA and SMP profits. According to a recent report in Kathimerini, the government has
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APS bill tabled, allowing use of 12 bln in state guarantees to reduce NPLs
EconomyBankingbanks clean up their balance sheets is a few steps away from coming into effect after the Finance... has yet to be endorsed by the Finance Ministry and has not progressed. The modalities of the scheme overseen by Alternate Finance Minister Giorgos Zavvos became a source of friction between bankers
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Newsletter 231 -06/12/2019
that Greek Finance Minister Christos Staikouras would not face any issues in yesterday’s meeting...-worded part of the statement issued after the meeting, the eurozone finance ministers reveal... “to reduce financing needs or to finance mutually agreed investments, in line with agreed fiscal
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Lenders conclude 'productive' talks on fifth review but issues remain as Athens targets fiscal space
EconomyProgramme. The mission chiefs held meetings with bank executives and Finance Ministry officials with special...) that will have to incorporate in the Finance Ministry’s view a range of positive developments, most... with a long-dated maturity, potentially a 15-year, is seen by the Finance Ministry as strengthening
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Govt takes up fiscal requests with EU as pressure over min wage, main homes mounts
Politicsand Finance Minister Christos Staikouras during his visit and will hear from them the Greek arguments... and the flattening of businesses,” SYRIZA MPs argued. Alternate Finance Minister Giorgos Zavvos insisted... general elections to increase the minimum wage by twice the growth rate. Recently, Finance Minister
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Athens takes heart from Gentiloni, Lagarde comments but still has distance to cover
EconomyMacroeconomychallenge for the government. Work has already started at the Finance Ministry and the underlying... to an agreement so Greece can cut taxes, a conversation that numerous finance ministers would rather avoid. With this in mind, the Finance Ministry’s focus has shifted to more realistic proposals
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Newsletter 240 -21/02/2020
voiced by former finance minister Euclid Tsakalotos. The vote gave e-members full voting rights... target by 771 million euros, the Finance Ministry (MoF) final budget execution bulletin showed... quarter, the Finance Ministry's (MoF) debt bulletin showed this week. The current QoQ change
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Greece braces for potential impact of coronavirus on key economic sectors
PoliticsGreek Politicsdramatic scenarios are also being considered. In a TV interview, Finance Minister Christos Staikouras..., it is not surprising that the Greek Finance Ministry is starting to manage expectations on some... year, there is little room for error. Already, Deputy Finance Minister Theodoros Skylakakis has
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