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Some progress made as Greek programme review heads for break
EconomyProgramme) as part of the current set of reforms. Tax reform On the other thorny issue of tax reform... scale are estimated at around 1 billion euros, while an increase in the solidarity levy rates is also considered, which could fetch another 1 billion in tax revenues. Another tax issue relates
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NOME auctions as a mechanism to strengthen competition in the Greek electricity market
Legalof that said Law, as amended by para. 1 of Article 3 of Law no.4393/2016, establishes the sales... Forward Product Quantity was finally set for the year 2016 to 460 MWh / h. This is (also) legally... must be placed (namely article 135 para.2 Law. 4389/2016, as amended by article 3 para 1 of law
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Compromise proposal on table ahead of Friday's Eurogroup
EconomyProgramme. The draft proposal foresees pension cuts with estimated savings of 1 percent of GDP being implemented in 2019 and a reduction in the tax-free threshold yielding another 1 percent of GDP in 2020. This appears... percent of GDP, then counter-measures of 1 percent of GDP would be implemented in 2019 along
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Capital controls to be loosened further, restrictions on foreign cash removed
EconomyMacroeconomyDecember 1 to withdraw 100 percent of a cash amount transferred into current accounts held with Greek... into effect on September 1 this year. The procedure is defined by the Committee for the Approval of Bank... will be required to execute such transactions. The measures are the second set of changes introduced as part
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Newsletter 141
spending will stay stable at 6.75 billion. The pace of privatisations is set to intensify with completed... and quarrying by 10.6 percent, along with a fall of 1 percent in manufacturing. Industrial turnover..., capital goods by 7.2 percent and consumer non-durables by 1 percent. Intermediate goods were up by 9.7
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Newsletter 152 -23/02/2018
to the state from May 1, the divestment of lignite units followed by the sale of 17 percent... Mechanism head Klaus Regling. The 5.7-billion-euro tranche will later be followed up by another 1 billion euros, which is partly dependent on Athens meeting the targets set by the creditors for reducing state
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Athens prepares 2019 draft budget amid pension cuts dilemma
EconomyProgrammeThe Greek government is set to take the next step in its efforts to call off next year’s pension... the 1 percent of GDP in reductions to pensions that he agreed with the lenders and which... 1 Eurogroup (where Finance Minister Euclid Tsakalotos will have the chance to exchange views on next
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Newsletter 178 -12/10/2018
for the US to set up military bases. The first suggestion runs counter to Prime Minister Alexis... substantially from a previous 1 percent to 2.5 percent. However, the Fund revise downward its GDP growth... Consumer Price Index (CPI) rose by 1.1 percent in September after an increase of 1 percent in August
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Newsletter 197 -8/03/2019
ministers will not be in a position to give the green light for almost 1 billion euros in debt... the ceiling would be set at 65,000 euros. According to reports this week, the institutions want... to revised data, the increase in the first, second and third quarters of 2018 was 0.3 percent, 1
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Newsletter 201 -21/04/2019
Eurogroup nod allows next move Govt aims to pay off some IMF loans early after receiving 1 bln from... measures, worth almost 1 billion euros, after the European Commission deemed that Athens had completed... was meant to have completed a specific set of reforms as part of the second post-programme review
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