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A closer look at Greece's revised proposals to lenders
EconomyProgrammeinclude: 1) Increase in the corporate income tax rate by 3 percentage points to 29 percent from 26... to a total number of 35,000 VLTS that are expected to be installed in the second half of the year. 3... recorded profits above 5 million euros. 3) Increase in the solidarity levy rates for annual income
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Greece's updated proposals to lenders and how they compare to previous efforts
EconomyProgramme, employer social security contributions (SSC) were reduced by 2.9pp and employees’ by 1pp. 3) Increase... for supplementary funds from 3 to 3.5 percent with estimated revenues at 120 million in 2015 and 250... with expected revenues at 410 million in 2016 (from 450 million in the previous proposal. 3) Increase
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How big is the gap separating Greece and the institutions?
EconomyProgrammeto Greek Prime Minister Alexis Tsipras on June 3, while adding some of the measures proposed by Greece... for 2016. 3) The increase in the pensioners’ health care contribution for their supplementary pensions... of 48 million for 2016. 4) The increase in the employee contribution for supplementary finds from 3
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Early rounds of talks with lenders focus on possible prior actions
EconomyProgrammestudies. 3) Abolition of tax breaks for farmers, including the reduction by 50 percent of the subsidy... in the national health system (ESY). Media reports also indicate that recession may reach 3 percent this year... with a 3-month maturity. 3) Payments to the IMF of 1.57 billion euros due in September. 4
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A breakdown of Greece’s revised financing needs as part of its new ESM programme
EconomyProgrammeand SMP bonds (9.2 billion). 2) IMF debt redemption (8.4 billion). 3) Debt amortization to the private... by the private sector (2.7 billion). 3) EFSF PSI and bond interest facilities (1.8 billion). 4) IMF loan... used in May to service its external debt. 3) Clearance of state’s arrears to the private sector of 7
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SYRIZA and New Democracy neck-and-neck as post-election scenarios become clearer
PoliticsGreek Politicscoalition partner Independent Greeks will not pass the 3 percent threshold to enter Parliament. Alco... for Action 24 SYRIZA 27.5% ΝD 26.5 G Dawn 6.5 Potami 5.5 ΚΚΕ 5.5 PASOK 5.5 Popular Unity 4.5 Cent Union 3...% SYRIZA 25 G Dawn 5.5 PASOK 5.3 KKE 5.1 Potami 4.6 Pop Unity 4 Cent Union 3.2 Ind Grks 3 Undecided
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Greek 2016 draft budget contains 6.4 bln in new fiscal measures, sees recession ahead
EconomyMacroeconomyat 173.74 billion euros for 2015, 6 percent lower than last year’s budget and 3 percent below 2014 figure... in the expenditure ceiling for military spending (500 million) 3) Pension reforms (484 million) 4... million) 3) Rise in the corporate tax rate (361 million) 4) Extension of Gross Gaming Revenues (GGR
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Gov't lowers tax-free threshold, prepares for third pillar of measures worth 1 pct of GDP
EconomyProgrammeat 9,545 euros for those with more than 3 children. It was lowered to 8,863 euros for taxpayers... than 3 children and a monthly salary of 600-650 euros will now pay an annual tax of 100-200 euros from... reforms but also on other measures, each yielding 1 percent of GDP to a total of 3 percent of GDP (5.4
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China's footprint in Southeast Europe: Constructing the "Balkan Silk Road"
Agorabillion! [3] For countries participating in the 16+1 framework, Chinese capital and infrastructure... countries increased from USD 400 million in 2009 to roughly USD 3 billion in 2016. The geographical.... As of end-2015, the total value of bilateral trade surpassed Euro 3 billion. The trade balance is heavily
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Eurobank sells NPL package in attempt to reduce bad debt pile
EconomyBanking. Instrum offered 3 cents on the euro of loan principal sold, for an amount of 45 million euros... the tone and price floors for the newly formed distressed debt management market in Greece, with the 3... range internationally between 3 and 5 percent of principal. Greek systemic lenders have committed
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