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European Commission statement on first post-program mission to Greece

European Commission statement on first post-program mission to Greece

Representatives of missions of Greece’s creditors who visited Athens on September 10-14 in the first enhanced surveillance mission to follow the completion of the fiscal adjustment program, said on Friday that they would release their full report in November.

In a statement, the mission said talks focused on the fiscal

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The major reforms are still ahead, ACCI president Constantinos Mihalos says

The major reforms are still ahead, ACCI president Constantinos Mihalos says

“Prime Minister announcements are on the right direction; the only issue is the time the measures will be implemented” said Athens Chamber of Commerce and Industry president Constantinos Mihalos in an interview with the Sunday newspaper Documento.

Mihalos noted that the business world would expect the tax reduction from 29 percent to 25 percent to

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State privatization fund grants 20-yr extension to Athens Int’l Airport concession

State privatization fund grants 20-yr extension to Athens Int’l Airport concession

The Athens International Airport (AIA) was granted a twenty-year extension to its concession agreement with the Hellenic Republic Asset Development Fund (HRADF) worth a total of 1.115 billion euros, on Friday, pending approvals.

Greece’s privatization fund will stand to gain 1.115 billion euros net from the deal over 20

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Agreements must be implemented, EU Commission says regarding Greece

Agreements must be implemented, EU Commission says regarding Greece

“What was agreed must be implemented,” European Commission deputy chief spokesperson Alexander Winterstein said here on Friday, when asked to comment on reports that Greek authorities and the institutions’ mission in Athens have agreed that pension cuts scheduled to kick in as of January 2019 need not go ahead.

“Pacta s

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Hellenic Statistical Authority: Number of visitors in museums up in May

Hellenic Statistical Authority: Number of visitors in museums up in May

The Hellenic Statistical Authority (ELSTAT) announced on Friday the results of the Survey on Museums and Archaeological Sites Attendance for May 2018.

More specifically:

In May 2018 compared with the corresponding month of 2017, Museums experienced an 18.2 pct increase in the number of visitors and a 20.2 pct increase

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286.6 mln euros paid in July 2018 for state arrears to the private sector

286.6 mln euros paid in July 2018 for state arrears to the private sector

The amount of 286.6 million euros was paid in July 2018 for state arrears to the private sector, for outstanding tax refunds and for payment of outstanding pensions, according to the State General Accounting Office.

More specifically, 67.8 million euros was spent on pending pensions. Repayment of state arrears to the

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Greek bankers meet with country’s international creditors

Greek bankers meet with country’s international creditors

Greek bankers met on Wednesday with representatives from the country’s international creditors.

According to sources, lenders raised concerns at the meeting of the low profit levels of Greek banks and the low rate at which bad loans are being reduced.

The two sides looked over the new non performing loan reduction target

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Gov’t source: No insistence that pension cuts were ‘structural’ from institutions

Gov’t source: No insistence that pension cuts were ‘structural’ from institutions

None of the institutions at the staff-level talks with the government’s economic team in Athens on Wednesday, including the IMF mission, insisted that the pension cuts legislated to kick in as of January 2019 are a “structural measure”, a government source said.

According to the source, Finance Minister Euclid Tsakalotos and Alternate Finance

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Juncker: The measures that have been agreed have to be implemented

Juncker: The measures that have been agreed have to be implemented

Greece is now on the right track, European Commission President Jean-Claude Juncker said in a press conference on Wednesday, following his ‘State of the Union’ speech to the European Parliament, in reply to a question from the Athens-Macedonian News Agency (ANA). He also praised the Prespes Agreement signed by Athens an

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More room for Greece, US to do business together, says Ross

More room for Greece, US to do business together, says Ross

US Commerce Secretary Wilbur Ross said there is more room for Greece and the United State to boost commercial ties.

Speaking at the Thessaloniki trade fair, Ross named tourism, energy, shipping and technology as being among the areas which the two sides could do more business together.

“The Trump administration will s

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Greece successfully auctioned a three-month Treasury bill

Greece successfully auctioned a three-month Treasury bill

Greece on Wednesday successfully auctioned a three-month Treasury bill issue, raising 812.5 million euros from the market. The Public Debt Management Organization, in an announcement, said that the interest rate of the issue was set at 0.65 pct, unchanged from the previous auction of same issue last month. Bids

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Public transport revenue up 12pct after ticket gates activated, fare evasion down

Public transport revenue up 12pct after ticket gates activated, fare evasion down

The activating of ticket gates on the Athens metro and the urban railway (ISAP), along with changes to the way passengers board buses, has helped boost revenues and reduce fare evasion, said the Athens public transport organisation OASA on Wednesday.

Revenues have gone up by 12 percent after the gates were activated on the train lines in July and

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Reload Greece to hold London conference Octοber 6

Reload Greece to hold London conference Octοber 6

The way in which challenges created by an economic crisis can be overcome by people and institutions that have adopted a can do stance will be the central theme of Reload Greece’s annual conference to be held October 6 in London. Titled “RG Connect18”, the conference will bring together international investors, acade

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Council of State annuls excise tax on wine

Council of State annuls excise tax on wine

The Council of State on Monday annulled an excise tax imposed on wine with a decision announced by the Association of Greek Wine (AGW) on Tuesday.

The AGW had filed an injunction to the country’s highest administrative court along with other associations and an individual wine producer, calling the fee of 0.208 euros p

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Greek economy grew 1.8 pct in Q2

Greek economy grew 1.8 pct in Q2

The Greek economy grew by 1.8 pct in the second quarter of 2018, remaining on a growth course for the sixth successive quarter, Hellenic Statistical Authority said on Monday.

In a report, the statistics service attributed this development mainly to exports and consumption. It also revised upwards its estimate for the first quarter of 2018 (annual

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Process for new building permits goes on line on test basis

Process for new building permits goes on line on test basis

Building permits are being offered online as of Monday on a test basis, in a bid to speed up the progress.

Environment and Energy Minister Giorgos Stathakis said that the new system, being managed by the Technical Chamber of Grreece, will be up and fully running by mid October.

“The whole process is being simplified and sped up. It will be done e

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