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  1. Take your seats

    Agora

    and the reduction of the top rate of VAT from 24 to 22 percent in 2021, with the lower rate dropping 1 percentage point from 13 percent to 12. He also pledged that 1 billion euros in backpay would be handed over..., not to be used from Day 1. If Greece starts tapping it straight away, it could have serious

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  2. Athens aims for November agreement with lenders on pension cuts
    Photo by EU Council via Flickr https://flic.kr/p/gDK7GV

    EconomyProgramme

    to ensure that the 1 percent reduction in pension spending is not implemented. To Vima reported... agreed with the lenders that as of next year there could be a 1:1 ratio for hirings and departures in the civil service, as opposed to the 1:5 ratio that has been in place for the past few years

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  3. Newsletter 198 -15/03/2019

    Newsletters

    on €1 bln package The Greek government failed to convince eurozone finance ministers this week to approve almost 1 billion euros worth of debt relief measures and remained locked in talks with its... first month of trading and since issuance the yield has dropped by nearly 1 percentage point, 80

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  4. Newsletter 222 -04/10/2019

    Newsletters

    Thomas Cook for 1, 2 and 3 star hotels came to an average of 48 percent of overall turnover... that for every 1 euro of tourism revenue generated in Greece, another 2.50 euros is generated indirectly..., with substantial losses in turnover and bankruptcies expected, the HCH said. Hotels with 1 star were estimated

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  5. Newsletter 255 -26/06/2020

    Newsletters

    be broadened so that another 1 billion euros is returned to firms. The process of returning the tax... million for the property tax reduction and 1 billion to reduce social insurance contributions... for a primary surplus of 1 to 1.5 percent of GDP. Also, the pan-EU Recovery and Resilience Fund proposed

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  6. Greece - On the importance of productivity growth

    Agora

    , on average. Table 1 presents key statistics to support our bearings. The population data come from... the 1970s onwards.[1] All industrial countries show this pattern. This development is not particular... of productivity growth recovering to around 1 percent a year. We also accept this assumption for Greece. [2

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  7. Productivity developments in the Greek public and private sector
    Photo by MacroPolis

    Agora

    . There is no contested market for government services (at least not in the short run[1... numbers of real GVA per employee are shown in Figure 1 (index Q1 2001 = 100), together... of Figure 1 jump out immediately. Overall productivity increased in the initial boom years after euro

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  8. ProMacro_Scope
    No image available

    ; margin: 12px 0 4px; align-items: flex-end; } .filter-block { flex: 1 1 220px; min-width: 220px...; } .chart-col { flex: 1 1 0; min-width: 350px; } .chart-block { margin-top: 6px; min-height: 300px

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  9. Greek banks' capital backstop and the funding gap: An uneasy relationship
    Photo by Harry van Versendaal

    Economy

    billion taking also into account: a) proceeds of circa 1 billion stemming from: one-off presubscription... related to bank recap (110 million), interest income (232 million) and b) an amount of 1 to 1.2... at the end of June - the definition of the Core Tier 1 threshold with a reduction by 1 percentage point

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  10. Greek primary budget surplus at 707 mln as revenues beat target in May

    Economy

    billion). The upward revision mainly stemmed from higher revenue targets (by 1 billion) counterbalancing... exceeding 1 billion euros per month. Indirect taxes continued were in line with the target despite... period to 9.11 billion euros. VAT rebounded 1 percent in May, while the 5-month figure eased 1.3

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