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OECD warns young Greeks face deep structural barriers to work, family and housing
Societyfrom a 2013 low of 26% to 36% in 2025, Greece’s youth employment rate is still the second‑lowest
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Deposits drop by 2 bln in July, driven by corporations
EconomyMacroeconomyat notice were down by 36 million at 1.56 billion and other deposits were up by 174 million to 32.97
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China's footprint in Southeast Europe: Constructing the "Balkan Silk Road"
Agoraexists the “16+1” initiative. The 16+1 framework seeks to improve trade and economic relations between... and Slovenia. The 16+1 club includes current and non-EU members, NATO members and EU candidate countries... of countries are absent. For one, it should be noted that Greece is not a member in the 16+1 arrangement
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The key points from lenders' proposals to Greece
EconomyProgrammeprimary surplus targets of 1 percent of GDP for 2015, 2 percent for 2016, 3 percent for 2017 and 3.5... that the VAT reform targets a revenue increase by 1 percent of GDP or 1.8 billion on an annual basis... to be effective as of July 1, compared to October 1 for the Greek government proposal. Other fiscal
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Multi-bill details how Greece aims to raise 1.6 bln from indirect taxes
EconomyMacroeconomymeasures yielding around 1 percent of GDP that completes the 3 percent of GDP in fiscal interventions... in the basic VAT rate, applied to the bulk of goods and services, from 23 to 24 percent as of June 1... in 11 islands will be abolished as of June 1. The excise tax on cigarettes, tobacco, beer and energy
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The Court of Audit's opinion on new pension cuts and its implications
Legalin combination with article 98(1)(d) of the Greek Constitution, according to which: “The Court of Audit... percent reduction of pensions to the extent that, pursuant to article 1 of the First Additional... the compatibility of the cut in question with the articles 2 (1), 5 (1) and 25 (1) of the Greek Constitution which
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How big is the gap separating Greece and the institutions?
EconomyProgrammefor 2016 (2.87 percent of GDP) that would result in a primary surplus of 1 percent of GDP for 2015... on revenues of 1 percent of GDP on an annual basis compared to the 0.74 percent proposed by the Greek... to this year since the new VAT rates will be effective from July 1. Apart from the total estimated
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This is what's in the legislation Greece has to approve by Wednesday night
EconomyProgrammepercent discount on VAT rates applied to islands will start from October 1 for islands with higher... 1, 2016. Tax measures The tax rate on insurance fees increases to 25 percent (from 20 percent... for higher income it increases. In specific, for annual income: 1) Between 12,000 and 20,000 euros
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Omnibus bill goes to Parliament as Greece seeks to unlock 2 bln sub-tranche
EconomyProgramme. The key measures included in the draft legislation are as follows: Pension 1) The statutory retirement age limits gradually increase as of August 19 until January 1, 2022. 2) The minimum pension amount will not be granted to those retiring after July 1, 2015, who have not reached the age of 67
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Q2 GDP rebounds 0.2 pct QoQ but shrinks 0.9 pct YoY amid consumption drop and investment rise
EconomyMacroeconomyof 0.9 percent year on year (YoY) in Q2 from a revised decrease of 1 percent in Q1. Today’s figure... a decline by 1 percent in Q1. The key positive contributor to the GDP evolution in Q2 is investments, which grew by 1 percent QoQ and by 7 percent YoY. In contrast, private consumption fell by 0.2 percent
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