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Monday, February 20, 2017

Economics

VAT on e-books

Lower VAT on e-books in the EU is under discussion

Booksellers in the European Union will be able to sell electronic editions with lower value added tax (VAT) in order to catch up with concessions that already apply to the paper books. The changes in EU legislation will enter into force at the beginning of the month. Most EU countries, except Bulgaria and Denmark, allow

Business climate in Germany

Business climate in Germany remains stable in November

The business climate in Germany remains stable in November, but the outlook for companies deteriorated slightly. The index of the Munich Institute for Economic Research (Ifo) remained unchanged at 110.4 points in November, but remained below the analysts forecasts, who had expected a slight increase in value to 110.5 points. The sub-index for the assessment

Greek government

Greek government prepared draft budget 2017

Greek government prepared draft budget 2017 with 2% surplus, which exceeds the requirement by the program for economic stabilization and considers recovery of the faster pace. Moreover, the Greece’s Finance Ministry expected over-achievement for the budget surplus this year. The country’s economy recorded growth of 2.7% next year, while the preliminary estimates were for a

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