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BoG report highlights economic challenges, proposes way forward
Economythat the European Commission estimated in its latest post-programme report in the volume of 1 percent... confirmed while capital adequacy remains satisfactory at 15.5 percent, with the Common Equity Tier 1... out a set of policies that will transition Greece towards a “sustainable, extroverted growth model led
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New Democracy tax pledges put spotlight on available fiscal space
EconomyProgrammebring in just over 1 billion euros in revenues each year. Mitsotakis also declared his government’s.... Ceilings on spending have already been set, at 45.2 billion for primary expenditure, 6.7 billion... to allow any firms that owe up to 1 million euros to the state to join the scheme. Regling
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ND sees first tax cuts as fair, hopes to build case for lower fiscal targets
PoliticsGreek Politics, submitted to Parliament under the emergency procedure on Friday, is set to secure the support..., pointing to the 10 percent reduction in ENFIA for properties worth more than 1 million euros. SYRIZA... of taxpayers own properties worth more than 1 million euros. Vesyropoulos gave examples of how much
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NBG reports net profits of 122 mln in Q2, highlights successful bond sale
EconomyBankingquarter, falling by 1.4 billion euros QoQ. This was driven by sales of NPE portfolios totalling 1... the end of 2015, NPE reduction has reached 8.6 billion euros. The bank has set a target to reduce.... The negative formation in Q2 came to 1.36 billion euros, which includes 1 billion euros from the ‘Mirror
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ND and SYRIZA square up as Novartis inquiry gets underway
PoliticsGreek Politicsto believe that strong and substantiated denials from Frouzis will set the tone for the inquiry... their support drop by 1 percentage point since September, but New Democracy is on 38.5 percent, with SYRIZA... taxation, 10 percent identified law and order issues and 8 percent investment. Just 1 percent pointed
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Xi's visit carries promise of closer Sino-Greek political, economic ties
PoliticsGreek Politicsand Central and Eastern European countries, known as the “17+1” (17 CCE countries plus China). The next leaders’ meeting for the “17+1” is in April and Mitsotakis is expected to attend the gathering... that the Greek government achieved the goals it had set ahead of Xi’s visit to Athens, which came just a few
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Despite differing views IMF and EC see no immediate debt sustainability concerns
EconomyProgrammepercent, from 1 percent in March 2019, with short term growth seen 2.1 percent on average in 2019-2020... balance is expected to be 1 percent of GDP lower in 2019-2025 in the IMF’s view, reflecting the Fund’s... needs stay comfortably below the long term GFN-to-GDP threshold, set by the Eurogroup at 20 percent
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New pension system, lower primary surpluses among govt targets for 2020
PoliticsGreek Politicselections), which will be the equivalent of 0.5 pct of GDP, or 1 billion euros, and the new... pension fund EFKA. The ruling will set the precedent for all back-pay claims, and is expected... will apply from January 1, are seen by the government as ways of securing or winning over the support
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ND mulls next tax cuts as it prepares to unveil new electoral law
PoliticsGreek Politics. In fact, lower income tax rates are due to kick in from January 1. Individuals earning less than 20,000... electronic transactions, which also begins on January 1. From 2020, taxpayers will have to spend 30... foreseen in the plan set out by the Labour Ministry. The aim would then be to reach a 5-point
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Mitsotakis sets out economic goals for 2020 as govt vies for extra fiscal space
PoliticsGreek PoliticsSpeaking to business leaders on Monday, Prime Minister Kyriakos Mitsotakis set out his government’s economic priorities for the year, reiterating New Democracy’s determination to create more fiscal.... It is also planning to reduce social security contributions by almost 1 percentage point from July 1. ND’s
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