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IMF maintains tough stance as Greek talks continue

By   /  23/03/2017  /  Finance, GR Finance, GR Politics, Greece, Politics  /  No Comments

  Top International Monetary Fund (IMF) official, Poul Thomsen, slammed the Greek taxation system stressing that over fifty percent of salaried employees do not pay their taxes. Speaking to students at a UK University, Thomsen reiterated the Fund’s view that the Greek tax base must be broadened, primarily by slashing the income tax-free threshold. The […]

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IMF: Economy is marking progress, but political tension is expected

By   /  23/03/2017  /  Finance, Kosovo, XK Finance  /  No Comments

A few days after the International Monetary Fund (IMF) approved the second and third revision of the Stand-By Arrangement SBA with Kosovo, offering access to an extra 100 million Euros, a report was issued by this institution. Besides praising Kosovo’s economic performance, IMF also mentions the disputes between partners of the governing coalition. “Political tension […]

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Greek opposition under pressure to sign up to more austerity

By   /  22/03/2017  /  Finance, GR Finance, GR Politics, Greece, Politics  /  No Comments

  Political upheaval was caused in Athens after scenarios emerged that Greece’s creditors want main opposition New Democracy party to commit to the implementation of reforms in the post-bailout program period. According to reports in local media, the government was thought to be contemplating to call for the ratification of any agreement on new measures […]

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PM: We must not fall into the trap of multi-speed Europe

By   /  22/03/2017  /  Croatia, Finance, HR Finance, HR Politics, Politics  /  No Comments

  Croatia should be very careful about the idea of a multi-speed Europe and must not fall into this trap, but needs to keep it open so that the EU would not become an exclusive directory of the five most influential members which will then make decisions for everyone about everything, Prime Minister Andrej Plenkovic […]

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Kosovo’s government approves the 2016 financial report

By   /  22/03/2017  /  Finance, Kosovo, XK Finance  /  No Comments

The Kosovo government has approved the 2016 financial report today and sent it to parliament. The report outlines revenues and expenses for 2016. While presenting the annual financial report, minister of Finance Avdullah Hoti says that 96% of the planned revenues have been collected and that economic growth was 4%. “The report indicates an efficient […]

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Creditors up pressure on Athens 

By   /  21/03/2017  /  Finance, GR Finance, GR Politics, Greece, Headlines, Politics  /  No Comments

  As talks between senior Greek government officials and the country’s creditors continue in Brussels in search of an agreement for the conclusion of the ongoing program review, German Finance Minister Wolfgang Schaeuble sent another strong message to Athens. Speaking on the sidelines of an Ecofin meeting on Tuesday – one day after a fruitless […]

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Tsipras: Greek tourism constantly on the rise

By   /  21/03/2017  /  Business, Finance, GR Business, GR Finance, Greece  /  No Comments

  I got the impression that the programme review is on track to conclude, the president of the Greek Tourism Confederation (SETE) Andreas Andreadis on Monday said after a meeting with Prime Minister Alexis Tsipras at the Maximos Mansion. Asked if he discussed it with the prime minister, he said that Tsipras is optimistic that […]

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MFA to present Greece’s investment potential to foreign diplomats

By   /  20/03/2017  /  Business, Finance, GR Business, GR Finance, GR Politics, Greece, Politics  /  No Comments

  The foreign ministry will present Greece’s potential in attracting foreign investments to foreign diplomats in a briefing at the ministry on Wednesday, a ministry press release said. The aim of the briefing, organized by the ministry’s General Secretariat of International Economic Relations and the Secretariat for Strategic and Private Investment, is to showcase the […]

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Agreement elusive at Eurogroup; talks to continue

By   /  20/03/2017  /  Finance, GR Finance, GR Politics, Greece, Politics  /  No Comments

  There was no breakthrough at the Eurogroup meeting held on Monday, with Athens and creditors still in disagreement over the measures required to conclude the ongoing program review. It is unknown when the “quartet” of creditors will return to Athens for direct talks while local media reports suggest that an informal deadline for an […]

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Turkey’s tourism industry in crisis

By   /  20/03/2017  /  Business, Finance, TR Business, TR Finance, Turkey  /  No Comments

  2016 seems to have been the most difficult year in recent years for the Turkish tourism industry, as the Turkish economy received $10 billion less in tourist spending compared with 2015. According to official data from the Turkish Statistical Authority,  in 2016  Turkey received 15.9 billion USD compared to 2015 when this figure had […]

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