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This is what's in the legislation Greece has to approve by Wednesday night
EconomyProgrammepercent discount on VAT rates applied to islands will start from October 1 for islands with higher... 2.8 percent) 6) Above 500,000 euros, the rates rises to 8 percent (from 2.8 percent) ELSTAT... for the higher rate on corporate profits 3) 251 million from the increase in the solidarity levy rates 4
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No let up ahead in terms of fiscal demands for new Greek government
EconomyProgrammepercent for basic food, energy, hotels and water. In addition, the 30 percent discount on VAT rates... percent (estimated revenues at 410 million), rise in the solidarity levy rates for individual annual income above 30,000 euros (251 million), increased tax rates on insurance fees (75.6 million) and higher
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Newsletter 69 - 08/04/2016
reportedly slightly lowered the pension replacement rates for the first 15 working A Finance Ministry... and, consequently, slightly upped the relevant rates for those with more than 25 working years... and farmers. The two sides have converged on the new income tax scale and solidarity levy rates
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Multi-bill details how Greece aims to raise 1.6 bln from indirect taxes
EconomyMacroeconomy. In addition, following last year’s bailout commitment, the 30-percent discount on the VAT rates... for higher GGR. The government expects annual revenues of 54 million from this, while the new tax rates.... A restructuring of rates and base for car registration as of June 1 aims to fetch annual revenues of 30
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BoG proposes debt relief measures and lower primary surplus target from 2018
EconomyMacroeconomy) Inflation close to 2 percent until 2019 3) EFSF and ESM loan rates of 2.6 percent in 2020 and 3.5 percent from 2027 onwards 4) Greek Loan Facility (GLF) rates of 1.4 percent in 2020 and 3 percent as of 2027 5) Greek government bond (GGB) rates of 4.25 percent 6) IMF loan rates of 3.65 percent until 2020
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Travel receipts drop at an accelerating pace of 10.4 pct in May despite growth in arrivals
EconomyMacroeconomyof the incoming tourism flow displayed double-digit growth rates in arrivals from Russia (+18.9... posted low single-digit growth rates of 4.4 and 1.9 percent respectively. In contrast, arrivals from... their respective volume growth rates. On the other side of the spectrum, travel receipts from the UK
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Greece lags in basic skills for youth but improves in educational attainment
SocietyEarly school leaving and tertiary educational attainment rates in Greece improved significantly.... Employment rates in Greece for those who have recently left education vary strongly with the level... with the lowest level of qualifications. Nevertheless, overall unemployment rates are much higher
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Capital controls trigger big rise in card use and VAT revenues, Bank of Greece data shows
EconomyMacroeconomythe launch of more initiatives to widen further the use of cards as well as the lowering of VAT rates... of VAT rates since the third quarter (Q3) of 2015. VAT revenues increased at remarkable rates of 8.5... in VAT revenues is attributed to the positive impact of factors other than the tax base and VAT rates
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IMF far more pessimistic than eurozone on Greek debt, urges significant relief
EconomyProgrammein the markets at low rates replacing at the same time the existing official sector financing at very favourable interest rates. The Fund also stresses that even if additional debt relief is provided to Greece... programme and locking in the interest rates on EFSF and ESM loans below the 1.5-percent mark for 30
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Greek demographic ratios among the worst in Europe
Societyin fertility rates between northern and western Europe and countries in the south and east... with a fertility rate of 1.96. Portugal, Spain, Italy, Cyprus and Greece currently have the lowest fertility rates.... “In countries with low fertility rates this process is happening more quickly and abruptly than
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