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Greece forced to revisit prickly subject of pension spending to conclude review
EconomyProgrammepension, which is a fixed amount set at 384 euros for 20 years of contributions, and the contributory... involves applying the new rules to existing pensions, which could deliver savings of 1 percent of GDP... eliminated. This would correspond to 15–20 percent cut in the existing main pensions on average
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Creating a competitive natural gas market: Legal aspects and investment opportunities
Legal, it amended paragraph 1 of article 82 of Law no. 4001/2011 in order to provide all eligible customers... to increase, from 16 percent in 2017, to 17 percent in 2018, 18 percent in 2019 and 20 percent... 15 percent to 20 percent, in the current share of 10 percent of the auctioned amount. DEPA's proposal
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Newsletter 126 - 07/07/2017
by the European Central Bank and mature on July 20. The government will also use 800 million euros... Kammenos’s intervention in the Noor 1 drug smuggling case and comments made by Finance Ministry... to lower the ELA ceiling for Greek banks to 41.6 billion, up to and including Thursday, 20 July
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IMF insists fiscal targets unrealistic, cites historical evidence to support case
EconomyProgrammewas a period of eight years during 1994-2001 when it was running a primary surplus of 1 percent... well above 20 percent and heavily indebted. Additionally, during the high surplus periods, those EU... that have had an employment rate of more than 20 percent in the post-war era. High unemployment
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Newsletter 145
to total no more than 20 million euros), reports suggested that the lenders are annoyed due to a lack... and the Dodecanese from January 1. Until now, these islands have had a 30 percent discount on VAT. C/A deficit... in the deficit of the balance of goods by 511.8 million. Imports grew by 713.5 million euros (+20
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Grand projects and even loftier ambitions drive Greece's energy project bonanza
EconomyFeatures, with the potential to upgrade to 20 bcm/y by 2025. At this point, the pipeline will contribute a small but highly... gas company DEPA recently signed a cooperation agreement, giving it a 20 percent stake in the project.... If developed, it would offer storage capacity of up to 1 bcm. Energean estimates the cost
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ND ready to flesh out its policy agenda, with focus on tax plans
PoliticsGreek Politicsdismissals in the public sector but said that he would enforce a 1:5 ratio for hirings to departures... accepted a proposal for the minimum monthly payment to be reduced from 30 to 20 euros for individuals owing... finances. A 20 percent reduction next year, which was the original plan, would have led
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Newsletter 226 -01/11/2019
will probably be taken in April 2020 and that the fiscal targets may be reduced by 1 to 1.3 percentage... shifted the entire Greek yield curve over the last six months, with all issues up to 20 years now... than 20 percent of total debt, or less than 40 percent of GDP. The budget primary balance recorded
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Government opts for modest tax relief, but who will benefit?
EconomyFeaturesprofessionals also introduced in the 2011 tax package, brought in 386.3 million euros in 2017. Approximately 1... terms, the requirement represents an achievable ramp-up from the current requirement of 20 percent... relief package, at 541 million euros. The government has pledged a to lower corporation tax to 20
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PM trails switch in tax cuts, admits misstep in approach to migration
PoliticsGreek Politicsreduced corporation tax from 28 to 24 percent last year and had been due to cut it from 24 to 20 percent... to financial news website Euro2day, the government now intends to reduce corporation tax by 1 percentage point each year so that it reaches 20 percent by the end of New Democracy’s four-year term
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