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Last bailout tranche just days away as pension discussion looms
EconomyProgrammeAll the hurdles have been cleared for Greece to receive the last tranche of the third and final bailout as focus shifts to the discussions that Athens is due to have with the institutions in the coming weeks, particularly on the issue of next year’s pension cuts.
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Greece on track for bumper tourism year, figures show
EconomyFeaturesGreece is anticipating another record-breaking year of tourism arrivals this year according to reports from several industry bodies as well as the Bank of Greece. An estimated 30 million visitors are expected to visit the country this year.
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New overdue taxes rise by 428 mln in June, total stock above 102 bln
EconomyMacroeconomyGreece’s new tax debt’s month-on-month rise came to 428 million in June, slowing from May’s rise of 610 million euros, data from the Independent Authority of Public Revenues (IAPR) has shown.
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Budget primary surplus confirmed at 635 mln in June on lower spending
EconomyMacroeconomyThe budget primary balance was confirmed at a surplus of 635 million euros in the first six months of 2018, the Finance Ministry (MoF) final budget execution bulletin for June showed on Tuesday.
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Sales of HELPE, DESFA and shipyard progress while protests hamper ROSCO, PPC
EconomyProgrammeThe privatisation of Hellenic Petroleum (HELPE) inched forward as the tender process for a 50.1 percent stake in the oil refinery entered a new phase.
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June primary cash surplus at 6.49 bln as revenue increase offsets higher expenditure
EconomyMacroeconomyGreece’s central government primary cash balance recorded a surplus of 6.49 billion euros in the first half of the year, Bank of Greece (BoG) figures showed on Wednesday.
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Greeks seen working longer, until July 18, to meet annual tax bill
SocietyGreece’s tax freedom day falls on July 18 this year according to data collected by the Dragoumis Center for Liberal Studies (KEFiM) think-tank.
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Travel balance records 127 mln surplus in Q1, much improved on last year
EconomyMacroeconomyThe balance of travel services came to a surplus of 127 million euros for the first quarter (Q1) of 2018 according to figures released by the Bank of Greece (BoG).
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Budget primary surplus at 617 mln in June as expenditure continues to fall below target
EconomyMacroeconomyThe budget primary balance came to a surplus of 617 million euros in the first six months of 2018, according to the preliminary budget execution bulletin for June published by the Finance Ministry (MoF)on Monday.
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Delay to final tranche over island VAT as lenders quash talk of pension cut reversal
EconomyProgrammeThe final disbursement of Greece’s third programme has been delayed for a few days after Germany raised objections to the way in which Athens decided to extend the discount on VAT on five Aegean islands.