International tourist arrivals grew by 4% between January and August 2012 compared to the same period of 2011 according to the latest UNWTO World Tourism Barometer. The resilience of international tourism in a continuing uncertain economy is further confirmed by the positive data on tourism earnings and expenditure. The number of international tourists worldwide grew…
New Democracy and PASOK officials were hopeful that both the omnibus bill, including structural and labor reforms and the 2013 budget, will be voted in the parliament next Wednesday and Sunday respectively estimating that 153-157 MPs will back the measures. Reportedly, PM sources said that contact with the coalition parties and the troika would continue…
Greek Ministry of Finance released the budget execution (final) data, on a modified cash basis, for 9 month of 2012. -Net revenues eased 2.4% y-o-y (8M: -0.2%, Sep: -18.3%) to €34,142m, €567m or 1.6% below the 9-month target of €34,709m. Furthermore, 9-month reported revenues correspond to 69.7% (or 8.4/12) of the (revised) FY’12 target of…
According to a press report (Kathimerini), ten prior actions are required for the Greece to the disbursement of the next loan tranche. Namely: (1) revision of the privatizations programme; target revised to EUR10bn by 2016 and EUR25bn by 2020 from EUR50bn previously, (2) tax reforms: appointment of auditors, (3) new medium-term fiscal adjustment programme for…
Cyprus delivered to the Troika its comprehensive proposal and will invite it to come to Cyprus for a negotiation, the Government Spokesman Mr Stefanos Stefanou (foto) said, noting that there is ample time to reach an agreement with the Troika before the milestone of 12 November. Speaking to the press, at the Presidential Palace, Mr Stefanou…
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