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Final budget sees strong growth, fiscal overperformance in 2018
EconomyMacroeconomyis that investment growth will more than double compared to this year, reaching 11.4 percent. Exports... for 2017 being even more impressive than previously expected. The primary surplus is expected... in the MTFS, with both direct and indirect tax intakes lower than initially thought at 20.77 billion
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Budget primary surplus at 5.33 bln in October, beating target on revised budget figures
EconomyMacroeconomybillion. This stemmed from better than expected revenues from several categories, including income.... The MoF said that the lower-than-expected expenditure stemmed mainly from reductions in earmarked... lower than the target. PIB PIB revenue stood at 58 million euros for October. The corresponding
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Eurogroup paves way for completion of third review, talks on debt relief
EconomyProgrammeas the amendment submitted to Parliament changing the law on strikes so that a quorum of more than 50... is implementing will leader to a greater reduction of Greece’s debt than originally thought. The ESM now... beneficial for Greece’s debt relief prospects but would also be more promising for eurozone reforms than
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Banks meet NPE reduction targets in Q3, adjust targets for next two years
EconomyMacroeconomy-on-quarter (QoQ) to 99.1 billion, which is 796 million lower than the target of 99.9 billion. NPL stock... than the anticipated target of 49.6 percent. The breakdown showed that NPE ratios at the end...) reaching 64.6 billion in 2019. This is around 2.2 billion euros more ambitious than the previous
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Multi-bill on way as Athens aims to complete third review by Jan 22
EconomyProgrammeto include the amendment that will lead to first-degree unions requiring a quorum of more than 50 percent of members to call a strike, rather than a third as is the case now. However, this has not yet been... that around 70 have yet to be ticked off. Some require ministerial decisions to be issued, rather than
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Total overdue tax obligations rise to 100.74 bln, up by 1.19 bln in November
EconomyMacroeconomy, slightly lower than that for the same period last year (68.7 percent). Corporate income tax due rose..., which stands higher than the monthly average of 206 million noted at the end of 2016, but is less than 3 percent of the total figure for legacy debt. The collection of new tax debt (excluding non-tax
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Car sales rise by 16.1 pct in December, annual increase reaches 20.8 pct
EconomyMacroeconomyaccounted for more than 82 percent of the total monthly car sales. Over 65 percent of these were... by 100.4 percent. Although the overall rise in car sales is higher than that for 2016 (+11 percent), and higher than 2015 (+13.5 percent), it still remains less than half of the record high
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Name and shame
AgoraMitsotakis the younger should know better than most that playing short-term domestic political games... such as the one in Thessaloniki, labelling them nothing more than the populist manifestation of fringe... even sharper mid-air manoeuvres than the Greek air force F16s he commands. Few eyebrows would
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Newsletter 148 -26/01/2018
than his public comments suggest so far and if Mitsotakis’s decision to extricate himself from.... Given that no more than 30 electronic auctions have been conducted in the last month of 2017, the 2018... than the annual budgeted target. The budget primary balance was confirmed at a surplus of 1.94 billion
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Property ownership waning in Greece as renting takes over
Societythan own a property (42.1 percent). Among those who did own property, 70.7 percent owned... property owners show an appetite for selling in the next years, this is not matched by buyers. More than... of 300,000 euros, more respondents (42.1 percent) said that they would put the money in the bank than
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