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Memorandum of Understanding on Specific Economic Policy Conditionalityiii.Adopts the Code of best practices on sales and offers and the Code of bestpractices on foodstuff traditional definitions (September 2014).iv. Adopts all technical specifications (December 2014).v. Based on an assessment, adopts legislation to bring in line EU best practicesprovisions related to the definition of bakeries, sales periods, truck licenses andestablishment restrictions of pharmacists (December 2014).vi. Reviews the impact of the legislative changes regarding the shelf life ofpasteurized milk and makes additional legislative changes if milk prices remainhigh compared to other EU countries and the consumer choice among shelf lifedurations remains limited (December 2014).vii. Reviews the experience of liberalized Sunday trading in selected areas anddecides on that basis whether to roll out the recent changes across the country(March 2015).2. The Government:i. Launches competition assessment for other sectors (manufacturing, wholesaletrade, telecommunication, and e-commerce) based on the OECD toolkit (May2014).ii. Completes the assessment of other sectors (October 2014).iii. Adopts specific measures that promote competition and lower consumer pricesbased on the follow-on competition assessment (November 2014).3. The Government reviews the advocacy role of the Hellenic Competition Commission inorder to safeguard progress on removing barriers for competition (April 2014).4. The Government presents an annual better regulation plan (as provided for in Art. 15 of law4048/2012) with measurable objectives to simplify legislation (including throughcodification) and to eliminate superfluous regulations (December 2014).5.2. Research and development and innovationIn order to support growth and foster competitiveness, the Government shall fully implement therevised legal framework for R&D and innovation, so as to strengthen the links between R&Dinvestment and economic growth, develop closer links between researchers and industry, fostertechnology transfer and address bureaucratic obstacles. In this light:1. The authorities will adopt the revised R&D and innovation legislation by July 2014, andwill ensure that the necessary subsequent steps are taken to fully implement the revisedlegal framework by December 2014.2. The Ministry of Development and the Ministry of Education through the GeneralSecretariat for Research and Technology will cooperate effectively to adopt by July 2014a national research and innovation strategy for smart specialisation based on the synthesisof the competitive advantages of the regions and a related action plan. The strategy andthe action plan will be fully aligned with the Partnership Agreement 2014-2020 and will:i. Provide a national framework for R&D and innovation policies, includinggovernance mechanisms to integrate and coordinate the regional RIS3 strategies.ii. Define the articulation of the smart specialisation strategies between the national andregional levels.iii. Organise and coordinate the effective and efficient collaboration of academiaresearchcentres and the business community, encouraging the entrepreneurialdiscovery process at regional and national level to foster the competitive advantageof Greek businesses in global value chains.202
Memorandum of Understanding on Specific Economic Policy Conditionalityiv. Develop a strong thematic focus and concentrate investment priorities on the areasconsidered as strategic, following the RIS3 exercise, for the Greek economy andsociety in the Partnership Agreement.v. Leverage private investment and foster more collaborative and systemic innovationbased on a Triple Helix approach (cooperation between academia, business andgovernment).3. Adopt legislation setting out guidelines on scientific and technological R&D eligible fortax credits as required under Art. 22A of the Income Tax Code (May 2014).5.3. Reforming the judicial system to support economic activityTo improve the functioning of the judicial system, which is essential for the proper and fairfunctioning of the economy, and without prejudice to the constitutional principles and theindependence of justice, the Government: (i) ensures effective and timely enforcement of contracts,competition rules and judicial decisions; (ii) increases efficiency by adopting organisational changes tocourts; (iii) speeds up the administration of justice by eliminating backlog of court cases and byfacilitating out-of-court settlement mechanisms.In designing and implementing the measures below, the Government consults the EC/IMF/ECB.5.3.1. Review of the code of civil procedure1. The Authorities include in the draft code of civil procedure provisions aiming at reinforcingthe effectiveness of the enforcement of civil court decisions (April 2014).2. The Authorities submit the final draft Code of civil procedure to the Hellenic Parliament(April 2014).3. The new code is adopted (May 2014).5.3.2. Judicial statistics1. In order to facilitate the implementation of a performance and accountability framework forcourts, the Government will compile and publish on its website the information indicated inSection 10 of this Memorandum (quarterly).2. The authorities will provide the courts with web application system to transfer data from thecourts to the Ministry by (September 2014).5.3.3. Tax case backlog reduction1. Building on the assessment of the impact of all the past measures aimed at the reduction ofthe backlog in the administrative courts, the Government proposes (April 2014), measuresthat can be implemented in the short term to reduce the backlog of tax cases, such as, atemporary and fast track procedure to deal with tax cases below EUR 50,000 that have beenpending in an administrative justice court for more than 2 years.5.3.4. Non-tax case backlog reduction1. The authorities report on the implementation of the obligation of the judges to determine thehearing interim measures requests within 30 days from the issuance of the requestedtemporary order, according to Law 4055/2012 (April 2014).203
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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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Memorandum of Understanding on Spec
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