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Newsletter 29 - 05/06/2015
this year. Those measures mainly involve introducing a new VAT rate of 11 percent for to include... rate of 23 percent. According to the institutions, the The proposed measures would clearly require..., and by up to 8 percent for incomes above 500,000. At the moment the highest rate stands at 2.8 percent
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Greece submits proposals to lenders in hope of paving way for agreement
EconomyProgrammekey proposals: VAT The Greek proposal agrees the institutions’ proposal for a super-reduced VAT rate... and water (excluding sewage), while all other products and services will have a VAT rate of 23 percent... to increase the rate of the tonnage tax and phase out special tax breaks of the shipping industry
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European Commission evaluates impact of bailout programme
EconomyProgrammein a super-reduced rate of 6 percent for pharmaceuticals, books, newspapers, magazines and theatre, a reduced rate of 13 percent for basic food, water, energy and hotels and a standard rate of 23... that the previously reduced VAT rate on restaurants provided seven times the tax reduction to the top-income
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Greek 2016 draft budget contains 6.4 bln in new fiscal measures, sees recession ahead
EconomyMacroeconomyand imports to remain stable. The unemployment rate (according to national accounts not comparable... to 41.74 billion. After a rise by 5.5 percent to 5.83 billion in 2015, the rate of increase... of 2014, the MoF notes that after the signing of the MoU the rate of arrears increase is expected
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Gov't submits reform plan that raises contributions and cuts future pensions
EconomyProgrammereplacement rate. This rate stands at 12 percent for 15 working years, at 37.5 percent for 35 working years and at 46.7 percent for 40 working years. 6) The overall main pension replacement rate also takes... euros for 35 working years the replacement rate stands at 76 percent, while a salary of 2,000 euros
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Unemployment edges down to 24.5 pct in Oct, lowest since May 2012
EconomyMacroeconomyGreece’s seasonally adjusted unemployment rate continued its slight downward trend easing to 24.5.... As a result, the relevant jobless rate also displayed a downward movement to 24.4 percent in October... the higher year on year (YoY) drop in the jobless rate to 30.9 percent from 34.2 percent in October
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Newsletter 81 - 08/07/2016
of the ECB waiver. The unemployment rate edged down for the third successive month to 23.3 percent... agreement. Unemployment falls again The seasonally adjusted unemployment rate fell to 23.3 percent... by 91,000 over the same period. The unemployment rate is at its lowest level since March 2012. New time
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Newsletter 88 - 16/09/2016
. The non-seasonally adjusted unemployment rate fell to 23.1 percent in the second quarter (Q2..., respectively, since the second quarter (Q2) 2012. Despite the improving trend in the headline rate... on ECB funding. Quarterly jobless rate falls Greece’s non-seasonally adjusted unemployment rate fell
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New overdue taxes climb 1.4 bln in Aug, total stock edges up to 91.6 bln
EconomyMacroeconomycompared to 1.05 billion due. This corresponds to a collectability rate of 85.2 percent. Corporate income tax recorded a higher collectability rate of 89.7 percent with 774.46 million euros collected, out... to corporate income tax. Corporate income tax has the highest collectability rate of 88.8 percent
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Govt tables 2018-21 MTFS containing 4.5 bln in measures, sees growth rising from 1.8 pct this year
EconomyProgrammein employment by 1–1.8 percent each year in 2017-2021 will drive the unemployment rate lower from 23.5 percent in 2016 to 22.8 percent in 2017 and further to 21.6 percent in 2018. The jobless rate seen... billion include a reduction in: the lowest personal income tax rate from 22 to 20 percent (877 million
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