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Eurosystem funding drops by 699.8 mln in September
EconomyMacroeconomybillion, along with ECB funding dropped by 1.15 billion. In the year so far, Eurosystem funding has... the total amount stood at 157.09 billion euros. Since then, Eurosystem funding to Greek banks has steadily
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Athens buoyed by conclusion of budget talks but IMF lowers growth forecasts
EconomyMacroeconomyof the year from the additional surplus. Although Prime Minister Kyriakos Mitsotakis has indicated.... At the moment, 138 million euros has been set aside for businesses, which could receive
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Authorities aim to collect up to 11 bln after strong uptake in overdue tax scheme
Economyand social security fund (SSFs) payment were submitted to the scheme. Around 600 million has already... their request confirmed. Outstanding debts While the scheme has been deemed a success by the government
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ND on cusp of brokering deal over diaspora vote as Novartis battle heats up
PoliticsGreek Politicsthe necessary legislation. The apparent agreement involves a climbdown from SYRIZA, which has now... called to answer questions. Frouzis has been accused by whistle-blowers of bribing politicians and using
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Govt proposes property VAT reduction to kickstart home sales
EconomyFeatures, the majority of the transaction activity has come from overseas investors, while the domestic market remains subdued. Data from the BoG has shown that foreign direct investment into Greek property
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Retail turnover increases by 1.2 pct in August, volume edges up by 0.8 pct
EconomyMacroeconomyhas turned positive three times in the first eight months of the year. Compared to August 2018.... Compared to October 2018, consumer confidence has shown a notable improvement of 25.7 points
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Unemployment edges down to 16.7 pct, lowest since April 2011
EconomyMacroeconomy2013, unemployment has shown a fall of 41 percent. The overall labour force came to 4.71 million... points (pps) year-on-year and came to 20.7 percent. This figure has been in decline since the high
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Looking to build on support for relief measures, ND unveils new tax bill
PoliticsGreek Politics-dom scheme The measure that has been capturing most attention outside of Greece is the introduction... indicated that 62 percent of voters had a positive view of the taxation measures that New Democracy has
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IMF cool on growth, urges greater effort on bank, fiscal and labour reforms
EconomyProgrammefurther systemic solutions and a legal framework that will assist the clean-up process that has been... Greece should look into reducing non-wage costs as it notes that “labour has, relatively speaking
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Brussels gives Athens thumbs-up for reforms and budget
EconomyProgrammereport, concluding that Greece has taken all the necessary steps to meet its mid-2019 commitments... of a primary surplus of 3.5 percent of GDP in 2020. The EC has an overall favourable view of its
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