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  1. Greece tax wedge rises two places to 13th highest among OECD countries, report finds

    EconomyFeatures

    that in 2018 Greece had the 13th highest tax wedge out of 36 member countries. In 2017, Greece’s tax wedge... that Greece’s tax to GDP ratio increased by 0.6 percentage points (pps) between 2016 and 2017, making the country’s tax rises among the highest out of 36 OECD countries surveyed. An earlier report also found

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  2. SYRIZA lines up more relief measures to entice voters
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    . The government’s aim is to announce the measures before May 26. However, to do so it will also have to consult with the institutions as this year’s limited fiscal space has already been accounted... appearances of this kind across Greece by Tsipras as he tries to provide his party’s campaign with momentum.

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  3. Industrial turnover rises by 7.7 pct in February

    EconomyMacroeconomy

    Greece’s industrial turnover picked up by 7.7 percent year-on-year (YoY) in February, reversing.... The current month’s reading is the highest since November 2018 when an increase of 7.5 percent was noted. The 12-month trailing index grew by 9.7 percent. The month’s performance was led by an increase

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  4. Detailed SME study shows crisis impact and business evolution
    Photo by Gerasimos Domenikos/Fosphotos

    EconomyFeatures

    of businesses during Greece’s crisis. The data used has been captured in two periods, from 2008... of business, promote extroversion, synergies and innovation. In the European Commission’s 2018 Small... and 805 in 2000. ELSTAT’s data also reflects the concentration of industries in which SMEs are most

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  5. Travel balance rises to 51 mln in Feb as receipts shoot up by 29.6 pct
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s travel balance increased significantly to 51 million in February from 18.5 million a year... Tourism Confederation’s (SETE) annual outlook had predicted that tourist numbers could reach up to 30... activities. However, in a recent study, INSETE anticipated a number of factors would impact this year’s

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  6. Ministers unveil lengthy payment schemes for unpaid taxes and contributions
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    the political backdrop for Sunday’s announcements. Institutions The ministers’ press conference... by the government should not damage Greece’s weak payment culture. They will have a chance to assess... year’s primary surplus was confirmed at 4.1 percent of GDP against a target of 3.5 percent, SYRIZA

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  7. CPI rises by 1 pct in April
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s Consumer Price Index (CPI) increased by 1 percent in April following a rise of 0.9 percent in March, Hellenic Statistical Authority (ELSTAT) said on Friday. With April’s figure, the index... (-6.6 percent). The Finance Ministry’s latest projection contained in the Medium-Term Fiscal Strategy

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  8. General govt primary cash surplus at 1.98 bln in March, arrears rise by 62 mln

    EconomyMacroeconomy

    Greece’s general government (gg) primary cash surplus came to 1.98 billion euros in the first three... to the Finance Ministry’s (MoF) monthly gg bulletin. In the underlying subcategories, the biggest year... to 12.19 billion. As had been previously highlighted by Greece’s four systemic banks, Emergency Liquidity

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  9. NBG reports net profits of 131 mln in Q1, accelerating profitability
    Image via www.nbg.gr

    EconomyBanking

    to 2021 from the end-of-2018 stock. The revised target for 2019 puts the pile of NPEs on NBG’s books... billion in Greece. As a result, NBG’s loan to debt ratio came to 71 percent in Q1 from 70 percent... the bank’s performance. This included new management and the macro environment which was become more

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  10. Budget primary surplus at 1.46 bln in Apr, above target by 2.13 bln
    Photo by MacroPolis

    EconomyMacroeconomy

    euros seen in March. However, April’s primary balance showed an improvement against the figure... euros. Monthly revenues for April dropped month-on-month compared to March’s figure of 4.48 billion.... Expenditure Primary expenditure rose to 3.61 in April, showing a rise compared to March’s figure of 3.26

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