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ND unveils steps to address migration issue amid political pressure
PoliticsGreek PoliticsMindful of the potential political damage it could suffer if it is not deemed to be managing the migration situation adequately, the government has announced a range of measures aimed at showing.... It is clear that recent developments have caught New Democracy by surprise and that it has not yet had time
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Banks highlight areas of concern in talks on NPL scheme
EconomyBankingThe Finance Ministry has redoubled its efforts to get over the line the Asset Protection Scheme (APS), codenamed Hercules, that is meant to help Greek systemic lenders reduce the stock of NPEs... in the concluding statement of its Article IV consultations. The incoming government has staked much of its policy
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Defence agreement, views on Turkey attract most interest during Pompeo visit
PoliticsForeign Policyof the S400 which is of a particular interest for the US. Upgraded role? The debate that has begun following Pompeo’s visit and the 2nd round of the Greek–US Strategic Dialogue has underlined the need
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Rate of increase in overdue taxes drops in Aug as total passes 105 bln
EconomyMacroeconomyThe month-on-month rise in Greece's new tax debt came to 753 million euros in August, data from the Independent Authority of Public Revenue (IAPR) has shown. The aggregate figure for the first eight... to date, the total for overdue debt has increased by 3.50 billion euros. Based on a GDP estimation
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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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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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