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Budget primary surplus of 4.54 bln in 9-month below target despite underspend
EconomyMacroeconomy-to-date target by 655 million euros, driven by lower than expected revenues in several categories... of this year’s ENFIA property tax being set for September rather than August as initially planned, combined.... The MoF said that the lower-than-expected expenditure stemmed mainly from reductions in earmarked
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Newsletter 139 -10/11/2017
being immediately arrested and charged (ex proprio motu) rather than for this to rely on authorities... the ENFIA property tax for anyone paying more than 500 euros a year. But this was dismissed as “populist... be taller than the Acropolis. KAS’s objection could represent an additional delay to building works
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Strike legislation, auctions present Athens with challenges in wake of SLA
EconomyProgrammeby first-degree unions, requiring them to have a quorum of more than 50 percent rather than the previous... rather than tag it onto legislation submitted by the Digital Policy Ministry, thus allowing a full.... These pieces of legislation aim to tackle most of more than 70 prior actions that remain
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Tusk proposals over refugee quotas puts Athens on alert ahead of EU summit
PoliticsGreek Politicsyet to be relocated under the quota system agreed more than two years ago. Hungary and Slovakia... the overcrowding at hot spots. There were more than 4,000 arrivals each month in September..., less than 2,000 migrants had been sent back by Greek authorities. The Greek government seems
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ECB survey shows enduring preference for cash payments in Greece
EconomyFeaturesin cash, with 26 percent of all rent in Greece being paid by this method rather than a bank transfer or card payment. The average for the euro area was 6 percent. Greeks were also more likely than any... have been possible. Greeks were also more likely than any other nationality survyed to have received
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Entrepreneurs show lack of innovation, face many barriers to entry, study suggests
EconomyFeaturesactivity came to 3.8 percent in 2016 against 2015’s figure of 3 percent, and notably higher than... percent), while the rate of creating a business due to necessity is much higher than the average (22.8... rates. Informal investors played a role in 2.9 percent of new businesses, lower than the rate
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The republic without a government
AgoraMore than three months after the general elections, Germany still does not have a new government..., then a rising number of citizens will use their ballot to exert even greater punishment than in September... of building the new Berlin airport is by now legend. Already delayed by more than two years, citizens
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Moody's upgrades rating to 'B3,' amid confidence about political outlook, economic prospects
Economyprogramme has exceeded expectations and has been stronger than under its two earlier programmes... moderate than currently expected,” the agency says. If this fiscal performance materialises, the public... forceful manner than over the past eight years.” Most notably, for the sensitive topic of electronic
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Budget primary surplus at 2.75 bln in Feb on increased revenues, lower expenditure
EconomyMacroeconomylast year was 34 million. Tax refunds rose to 719 million euros in the aggregate period, higher than their target by 110 million euros. The aggregate figure is higher than that for the same time last..., above target by 683 million euros, and 4 percent higher than for the same time last year. Expenditure
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The gruelling final straight of Greece's bailout
AgoraGreece should seek a precautionary credit line rather than a cash buffer, estimated at somewhere... Greece with extra insurance if markets are more turbulent than expected when it leaves the programme... for incomes (worth an amount equal to 1 percent of GDP) has to be implemented in 2019, rather than 2020
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