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Marked rise in expenditure leads to a budget primary deficit in Nov
Economyin the Parliament on December 5. The 2015 revenue and expenditure targets were lowered by 399 and 25... percent YoY to 5.58 billion slightly below target of 5.65 billion. Overall, total expenditure decreased
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Gov't submits reform plan that raises contributions and cuts future pensions
EconomyProgrammewill be trimmed by 1/40 for each year. 5) The contributory pension will be based on the average monthly earnings of each employee for the total number of working years after applying a progressive
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Primary surplus beat target in 2015 on higher revenues and restrained spending
Economybillion (5 percent of GDP), marginally short of target by 38 million. Tax refunds rose at double..., in line with target. Overall, total expenditure remained almost stable (+0.2 percent) to 48.55
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S&P upgrades Greece’s rating by one notch, sees compromise on pension reform by March
Economypercent of total loans 2) Government has committed to increase public savings meaning..., assuming optimistic nominal GDP growth of 5 percent, primary surplus of 2 percent and current borrowing
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Wide range of exacting issues lie ahead for Greece in first bailout review
EconomyProgrammeto legislate credible measures yielding 1 percent of GDP in total for 2017-18 to support the 2018 fiscal target. The 2016 budget voted on December 5 envisages a primary surplus of 0.53 percent of GDP for 2016
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Gov't proposes easing impact of pension reforms on self-employed for three years
Economy. The income ceiling was set at 55,000 euros, where the proposed discount stands at 5 percent. The Ministry...), the Ministry data show that the total contribution and income tax burden as a percentage of income increases
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BoG outlines steps to economic recovery, updates on banks' asset quality
EconomyMacroeconomyand social security provisions. 5) Encouraging business investment and protecting private investors..., Greek banks’ Common Equity Tier 1 (CET1) and total capital adequacy ratios reached 18 percent
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Greek stocks up for second straight week, rising by 5.5 pct
Economythe government claims it reduces the total tax and contribution burden. The market traded in positive... to 6.35 billion, while net profit fell by 5 percent to 280 million. The BoD will propose a dividend per
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Travel receipts fall 4.7 pct in Jan but surplus rises to 32.1 mln
EconomyMacroeconomyfor just a fraction of the total traveller flow. The breakdown of the corresponding receipts displayed...). On the flipside, travel receipts from the UK and France fell by 25.7 and 5 percent respectively, while those from
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Greek corporate lending rates up to 250 bps higher than eurozone average
EconomyMacroeconomyon total new deposits eased 6 bps to 0.49 percent, which also points to a new low. Loans.... In addition, the rate on consumer credit without a fixed maturity (mostly credit cards) edged up by 5 bps
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