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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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Mitsotakis promotes constructive role as talks over electoral process continue
PoliticsGreek PoliticsPrime Minister Kyriakos Mitsotakis has highlighted his willingness to compromise with the opposition parties over voting rights for diaspora Greeks in a bid to advertise his moderate style as well...,” he said. “It has already dropped. There needs to be a channel of communication between the prime
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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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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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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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