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New overdue tax obligations at 1.07 bln in August, total at 98.23 bln
EconomyMacroeconomyGreece’s new tax debt rose to 1.07 billion euros in August, declining from July’s figure of 2... at 8.99 billion. Just over three quarters of this year’s total (6.66 billion) relates to tax categories...-controlled companies and local governments. Overall, the total stock of overdue obligations, including
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Budget primary shows deficit of 18.20 bln in 2020, total deficit at 22.81 bln
EconomyMacroeconomyrevenues came to 47.36 billion euros in 2020, as mentioned, 906 million euros or 2 percent above than.... There was no projection for this amount in the Budget 2021 introductory report. State budget total revenues stood at 53.03... period last year, interest payments stood at 5.23 billion. In the year to date, total expenditure
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Newsletter 277 -11/12/2020
slight 1 million. 2 Unemployment rate at 16.1 pct in Sept Rate for same period in 2019 stood at 16.9... patients are intubated and Greek hospitals remain under extreme pressure. The total number of deaths...) with an annual fall of 880 million euros, bringing the total figure to a surplus of 171 million euros
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Newsletter 174 -14/09/2018
spending by 1 percent of GDP next year, as had been agreed and legislated last year. The Greek side... would receive before the end of the year around 1 billion euros in backpay. He also announced... rate of VAT from 24 to 22 percent in 2021, with the lower rate dropping 1 percentage point from 13
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China's footprint in Southeast Europe: Constructing the "Balkan Silk Road"
Agoraand Slovakia represented 95 per cent of total Chinese FDI within the 16+1 framework in 2016. Greece... a larger region, i.e. southeast Europe. [1] See China-CEEC: http://www.china-ceec.org/eng/. [2] See... exists the “16+1” initiative. The 16+1 framework seeks to improve trade and economic relations between
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Tax arrears jump to 1.47 bln in Sept as total for year reaches 8.39 bln
Economydebt has risen by 5.79 billion so far this year, corresponding to 69 percent of total new unpaid... million. Summing up, the total stock of new and legacy tax debt grew by 1.32 billion MoM and 6.63... to the outcome of tax audits on large corporate, which fell to just 1 million in September. However, the 9-month
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NBG boosts capital base by selling total stake in Finansbank
EconomyBankingFinansbank for a total consideration of 2.75 billion euros. The agreement also includes the repayment... is estimated to boost NBG’s Common Equity Tier 1 (CET1) ratio by around 600 basis points (bps). This solely... by 3.4 billion euros due to the disposal of Finansbank to a total of 12.8 billion euros. NBG said
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Tourism accounts for 27.3 pct of Greek GDP in total, study shows
EconomyFeatureshas on the economy, in that for every 1 euro in tourism revenue, the country’s GDP grows by 2.65..., with the report estimating that the total employment at the height of the tourism season (Q3 2017) came to around 630,000 people or 16.9 percent of total overall employment. Factoring in the industry’s
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Newsletter 257 -07/07/2020
impact of 2 billion, taking the total to date to 14-15 billion euros, which rises to The EC’s forecast... billion euros which is 11.4 percent of the total. This is followed by those owing over 1 million... but only 0.1 percent of total debtors. 2 Employment balance positive by 37,568 in June Unexpected
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Newsletter 224 -18/10/2019
, making the net effect more moderate. 2 Rate of rise in overdue taxes drops in Aug Total for new... fiscal gap, from around 1 billion euros originally, to zero were fruitful. It appears... to the previous estimates that were released in April. The IMF sees the Greek economy growing by 2 percent
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