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Economy

Athens faces strong reaction from creditors

The negotiations for the new borrowers’ protection framework voted into law on Friday were long and hard, with the Greek side thinking it had secured an agreement three times before being proven wrong.

Increases to taxes and contributions hurt incomes

The 2016 tax hikes and the method of calculating social security contributions according to the Katrougalos law that was introduced in the same year have changed the taxable income situation in the Greek economy, wiping out many incomes of…

2.2 bln euro projects on the fast track approval list

Ten large projects representing a total investment of 2.2 billion euros, which will create 10,000 jobs, are on the fast track approval list, as reported at the journalists meeting with Enterprise Greece executives.

Greek banks cut borrowing from ELA to zero

The Greek banking system has returned to normality after bringing its dependence on the Emergency Liquidity Assistance (ELA) mechanism down to zero, banking sources said on Wednesday.

No decision on Greek tranche disbursement at EWG

The Euro Working Group (EWG) ended on Monday night without a decision on the disbursement of almost 1-billion-euros from creditors, as there is still no agreement with the Greek government on its plan for protecting the primary residence of…