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Memorandum of Understanding on Specific Economic Policy Conditionality4. The Government launches the pilot phase of the guaranteed minimum income scheme by(September 2014), aiming at a phased-in national roll-out in 2015, if financing is available.The pilot phase will enable the development and testing of non-tax-form based targetingmechanisms, registration procedures and benefits platform, delivery channels and paymentsystems with adequate monitoring and auditing procedures. The pilot projects will includeactivation of beneficiaries to prevent deterioration of skills and human capital; and aim at aphased integration of other benefits and social services. The following will serve as milestonesfor this project:i. A project team with project manager will be set up to implement this project (April2014).ii.Provision of data for the selection of potential pilot areas, eligibility criteria,targeting and benefit amounts (April 2014).iii. Assessment of overhead, infrastructure and equipment costs of pilot (April 2014).iv.Terms of reference for development of IT system for database and managementinformation system (April 2014).v. Choice of municipalities by May 2014.vi. Eligibility criteria and benefit determination by May 2014.vii.Legal process completed for regulations through common ministerial decision byMinistry of Finance and Ministry of Labour in conjunction with EC/ECB/IMF staff(May 2014).viii. Stakeholder dialogues held – (May 2014).ix.Comprehensive proposals for monitoring and evaluation of success of pilot projects(July 2014).x. Testing of IT system for database and management information system (July 2014).xi. Pilot preparations and operationality of pilot finalised by July 2014.xii. Launch of the pilots (September 2014).xiii. End of pilots and evaluation (March 2015).5. The Government will by June 2014 produce a roadmap for a country-wide phased-in roll outa guaranteed minimum income scheme that targets the poor, including the long-termunemployed, to mitigate poverty and foster social inclusion by 2015, if financing is available.The integration of the minimum guaranteed income scheme and of the unemploymentassistance scheme with existing cash transfers, labour activation services, and other socialtransfers and services is important to ensure the effectiveness and efficiency in supporting theneedy, and move them closer to work.6. To provide health insurance access to uninsured citizens, the Government prepares an actionplan in cooperation with foreign experts by April 2014.196
Memorandum of Understanding on Specific Economic Policy Conditionality5. Creating favourable conditions for economic activityThe program places strong emphasis on implementing structural reforms that aim at improving thebusiness and overall economic environment and contribute in enhancing competition andcompetitiveness. These include horizontal measures to reduce time and costs to create a company, toget establishment and operating licenses for manufacturing activities, to get permits for environmentalprojects and activities, and to export and import, combined with measures to improve the functioningof the judicial system.5.1. Promoting an efficient and competitive business environment5.1.1. Rationalising / eliminating quasi-fiscal charges1. The Government eliminates nuisance charges at an annualized cost of €245 millionand removes earmarking of nuisance charges amounting to €1.4 billion (April 2014).2. The Government:a. Updates the list of nuisance charges (May 2014).b. Eliminates as many as possible additional nuisance charges (June 2014).c. Abolishes all nuisance charges that finance auxiliary pensions falling under theMinistry of Labour (June 2014).d. Conducts a review (September 2014) and adopts legislation (November 2014)on nuisance charges that (a) finance main pensions, and (b) were identified in theOECD competition assessment.e. Abolishes all nuisance charges financing auxiliary pensions that fall under theESA95 definition of General Government but are outside the Ministry of Labour(November 2014).f. Reviews transaction-related charges, including stamp-duties, (August 2014) andadopts legislative changes to replace the most distortionary ones with moreefficient taxes (November 2014).5.1.2. Reducing procedural and other administrative burden1. The Government takes additional measures to ease doing business, as measured bythe World Bank's Doing Business indicator, by:i. Eliminating the capital concentration tax for start-ups (April 2014).ii.Adopting measures to streamline starting a business, in particular for feespaid before launching operations, and to facilitate registering property, inparticular for eliminating requirements not directly related to the propertytransfer transaction (April 2014).2. To implement law 3982/2011 on the fast track licensing procedure for technicalprofessions, the Government submits the Presidential Decree to the Council of Stateto replace professional experience requirements by seminars organized by approvedbodies and to define the fees for such seminars by April 2014.3. To implement Law 4014/2011 on environmental licensing of projects andactivities, the Government:i. Adopts the Ministerial Decision (Art.18.5) Digital Environmental Registry(April 2014).ii.Adopts the Presidential Decree (Art. 14.5) on the establishment of theenvironmental licensing directorate (May 2014).197
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OUTLINE OF THE REPORTEXECUTIVE SUMM
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LIST OF GRAPHSGraph 1. Economic cli
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ACKNOWLEDGEMENTSThe report was prep
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European CommissionThe Economic Adj
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1. INTRODUCTION1. INTRODUCTION1. Th
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2. MACROECONOMIC AND FINANCIAL DEVE
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2. Macroeconomic and financial deve
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Chart 3Graph 2.3. Exports of goods
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European CommissionThe Second Econo
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Chart 17Graph 11.1 labour reform in
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Chart 18Graph 13.1. Distance to Fro
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4. DEBT SUSTAINABILITY ANALYSIS AND
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4. Debt sustainability analysis and
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4. Debt sustainability analysis and
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Table 12. List of Milestones to be
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ANNEX 2: MACROECONOMIC FORECASTANNE
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ANNEXTable B1: USE AND SUPPLY OF GO
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ANNEXTable C1: FISCAL ACCOUNTS AND
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ANNEX 3: UPDATED PROGRAMME DOCUMENT
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