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Tax arrears jump to 1.47 bln in Sept as total for year reaches 8.39 bln
EconomyGreece’s new unpaid taxes rose by 1.47 billion in September, which is more than the double the 645...-to-date. Note though that this year’s 9-month figure stands 13.3 percent below the respective item...) new tax arrears jumped to 1.33 billion euros in September, almost threefold the previous month’s
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Travel receipts rebound by 7.3 pct in August, partly reflecting higher spending per trip
EconomyMacroeconomyGreece's travel receipts rose by 7.3 percent in August, more than double the previous month’s rate... of 9.1 billion, up 8.5 percent from last year’s figure of 8.39 billion. The increase in receipts... stand 2 million and 1 billion above last year’s items respectively. SETE also said that subject
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Greek shares up for the third straight week on strong performance from banks
Economyin a row. The quadriga’s mission chiefs concluded on Friday their 3-day visit to Athens, the first after..., Eurobank’s performance excelled surging by 47.6 percent this week followed by NBG (+29 percent... exchange”, according to the rating agency’s criteria. Mytilineos share trades ex-capital return of 0.10
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Latest EU plan to tackle refugee crises poses new, bigger challenges for Tsipras
PoliticsForeign Policy. This represents a marked change in the kind of demands being made of Greek authorities. Until now Greece’s... southeastern European countries (the other 10 countries at Sunday’s meeting agreed to host 50,000 migrants... to the stability of Tsipras’s government.
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Passing of broadcasting bill introduces new challenges for coalition
PoliticsGreek Politicsin the hands of State Minister Nikos Pappas, one of Prime Minister Alexis Tsipras’s closest aides... the debate ahead of Saturday’s vote that he had received threatening messages from businessman..., the government’s problems will be of a more practical nature. It will have to install a new board
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Coalition starts to feel backlash from latest round of measures
PoliticsGreek Politicspledged to bring their tractors down to Athens to demonstrate on the government’s doorstep... their action ahead of their union’s general assembly on Saturday. The union represents some 11,000... this unrest will play a key part in whether the coalition’s fragile majority will be cohesive or whether
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ECB sees Greek banks' total capital needs at 14.4 bln, recap plans to come
EconomyThe ECB’s Single Supervisory Mechanism (SSM) announced on Saturday the outcome of the comprehensive... at 339 million. Alpha’s capital needs were the lowest under the baseline at 263 million and the second... are higher than those used in last year’s CA conducted by the ECB and the European Banking Authority (EBA
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Athens ticking off prior actions one by one as EU keeps close watch
PoliticsGreek Politicsto visit Greece and check on the government’s progress in completing the tasks it has been set... of the pension system. One of the key issues likely to come up during Moscovici’s visit on Tuesday... on the government’s side and in favour of the taxation changes, which are a thorny issue for SYRIZA
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EC sees milder Greek recession in 2015, debt ratio to climb to 200 pct in 2016
Economyinvolve failure of bank recapitalization by the end of 2015 or government’s inability to fully... forecasts on Greece’s debt to GDP ratio, which is seen climbing to 194.8 percent in 2015 and peaking marginally below the 200-percent mark in 2016. Despite Greece’s high debt stock, the Commission underscores
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Strong start for Greek stocks but they end week down 3.4 pct
Economyprogress in the government’s implementation of the required prior actions. Banks revealed... October 21 and landed at 677.43 on Friday. This week’s negative performance follows a drop by 1.6... their Q3 results on November 9 and 12 respectively, while Jumbo’s Annual General Meeting
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