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Greek stocks rise for third consecutive week as trading increases
Economy, which soared 7.2 percent on Tuesday in the wake of Moody’s upgrade of the Greek banking sector... level since the last week of June, from 50 million in the previous week. Corporate news OPAP’s net.... Alpha announced on Tuesday that Blackrock’s indirect stake in the bank fell below the 5-percent
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Report shows Greek tax burden increased in 2015, remaining above OECD average
EconomyMacroeconomyThe latest OECD report on Revenue Statistics published on Wednesday revealed Greece’s tax burden... the OECD average of 34.3 percent for the third successive year. In 2014, Greece’s ratio stood at 35.8.... The breakdown of 2015 figures showed Greece’s taxes on income and profits (as a percentage of GDP) edged up
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Are we taking Greeks' devotion to the euro for granted?
Agoraof Greeks are optimistic about the EU’s future – again the lowest ranking and lagging way behind the average... has tended to average about 10-15 points higher than for the EU. Finally, Greece’s figure is eight... us unaware, it is that we must not be complacent about people’s feelings and choices. The saying
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Pieces of review puzzle yet to fall into place ahead of Eurogroup
EconomyProgrammethat are required, according to the fund’s projections, to meet those targets. In contrast, the government... measures and the IMF’s involvement. Moreover, the European Stability Mechanism (ESM) is initially due... to the debt buy-back of the second programme, according to last May’s decisions. According to a draft
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Greece heads to Eurogroup facing uncertain outcome
EconomyProgrammemeans that the government does not expect a full agreement on Monday’s Eurogroup but at an extraordinary... relief measures. Without the IMF’s demands, mostly on labour market reforms, the prior actions... in the ceiling for mass layoffs. The European Stability Mechanism (ESM) will present at Monday’s
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Tsipras springs surprise with handout pledge for pensioners
PoliticsGreek Politicsthat the government plans to redistribute this year’s primary surplus overperformance to some of those who have... in parliament. In his speech, Tsipras presented the handouts to pensioners as a fulfilment of SYRIZA’s long... a significant impact on the coalition’s ratings but it gives SYRIZA and Independent Greeks MPs
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Greek stocks climb 4.3 pct on week, banks’ strong performance continues
EconomyMonday’s Eurogroup. Although the market corrected 1.3 percent on Friday, the general index of the Athens... week with gains of 9.8 percent this week also fuelled by Moody’s report on Monday noting... percent in 9-month revenues to 1.28 billion, while EBIT soared 75 percent to 61.5 million. GEK-Terna’s
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IMF sets out its stall as review deliberations resume in Athens
EconomyProgrammewritten by the Fund’s chief economist Maurice Obstfeld and the director of the European Department... of GDP, which should be legislated upfront “to leave no doubt about Greece’s political resolve... that the government’s reluctance to lift the restriction on mass layoffs is “an outdated pre-approvals
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Budget primary surplus to Nov reaches 7.4 bln on continued strong revenue performance
EconomyMacroeconomyGreece’s budget primary surplus climbed to 7.45 billion euros in the 11-month period of 2016, up by 71.7 percent from last year’s figure of 4.34 billion, the Finance Ministry (MoF) preliminary budget... be collected in December, which seems feasible as this month’s revenues will be supported by the payment
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Athens, Nicosia buoyed by EU role in Cyprus talks
PoliticsForeign PolicyThe European Council’s decision on Thursday that the EU should participate in the upcoming Cyprus... for the rest of the Union. The EU’s intention to participate in the Cyprus conference may not mean..., which means that Friday’s meeting between Tsipras and German Chancellor Angela Merkel will also
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