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  1. Finance Ministry outlines plans for making savings, increasing revenues
    Photo by MacroPolis

    EconomyProgramme

    to tobacco smuggling are estimated at 800 million euros, while measures targeting their illegal trade could increase public revenues by 2 billion per year. The third intervention is more qualitative... in Parliament earlier this month, Mardas estimated that the streamlining of all public procurements

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  2. Greece submits proposals to lenders in hope of paving way for agreement

    EconomyProgramme

    at 2.65 billion per annum. Any revision of the zonal property values will be accompanied by an adjustment... revenues estimated at 200 million 2) Increase the corporate tax rate by an additional one percentage point (to 29 percent) with estimated revenues of 130 million. Pension reforms The government fully adopts

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  3. What this week's VAT changes mean for household budgets and public coffers
    Photo by MacroPolis

    EconomyProgramme

    rates correspond to a hit of 157 euros per annum or 3.5 percent. Although the Finance Ministry had... prices. The study shows that the estimated total burden on the average household from the VAT... Accounting Office (GAO) report that accompanied this week’s bill, budget revenues are estimated

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  4. Ministry's actuarial study shows the devastating impact of the crisis on the pension system

    Economy

    , employment in Greece was increasing by 1.8 percent per annum, while that trend turned negative as of 2009... was estimated to rise to 32.06 billion in 2019 corresponding to 16.3 percent of GDP. It is worth... billion in 2009 to 16.32 billion in 2015 and was estimated to rise further to 17.76 billion in 2019

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  5. Banks see efficiency gains after shedding 29 pct of staff, 42.6 pct of branches during crisis
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyBanking

    ) of the money transferred to a Greek bank account from abroad and money transfers abroad up to 2,000 per... one third from 8.63 billion in 2009 to 5.82 billion in 2015, while a further cut is estimated... of POS sharply rose by around 100,000 in 2016, while is estimated to increase by another 90,000

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  6. European Commission's DSA reveals serious concerns over debt sustainability, need for relief
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyProgramme

    a nominal GDP growth lower by 0.25 pp per year compared to the scenario A, which entails an average... billion. Furthermore, market rates are estimated at 5.1 percent in 2019, increasing to 5.5 percent... between 2019 and 2060, while primary surplus is estimated at 2.3 percent in 2023 – 2060

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  7. Greek households switch to natural gas in record numbers as winter approaches
    Photo via Flickr https://flic.kr/p/faksxt

    EconomyFeatures

    in the Special Consumption Tax, from 230 to 280 euros per kilolitre. At the same time, the total amount... and Thessaloniki, and the Thessaly region. Deliveries of heating oil in October cost an estimated 4.3... gas are estimated at 40 percent. This year also saw the relaxation of the rules governing new

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  8. Promises, promises
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    Agora

    , less taxes and tens of thousands of jobs. There is nothing wrong with this per se. After all..., there was no Thessaloniki Programme, SYRIZA’s 2014 plan for addressing the crisis, which was estimated... will contain many of the pledges made by Mitsotakis on the campaign trail. It is estimated that the fiscal

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  9. Revised GDP data shows 1.9 pct growth in 2019, taking 2017-2019 upward streak to nearly 5 pct
    Photo by MacroPolis

    EconomyMacroeconomy

    As part of the second estimate for the national accounts and the regular cycle of base year... and the annual series base year to 2015, from 2010. The second estimate of the previous year usually... estimated this year’s recession at 8.2 pct, this was already by some margin more bullish than

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  10. IMF leaves growth and fiscal estimates for Greece unchanged in latest outlook
    Photo via Flickr https://flic.kr/p/7BWNey

    EconomyMacroeconomy

    GDP estimates were virtually unchanged with growth seen at 2 pct, from 2.1 pct expected previously... estimates of a total deficit of 0.3 pct last year and 0.5 pct of GDP in 2025, marginally rising to 0.6... pct in 2025, from 49.5 pct of GDP in 2024. The IMF uses a different methodology and its estimates

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