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Data for May shows Greek PMI in growth territory for second straight month
EconomyMacroeconomyand purchasing activity were also evident stemming from the upturn in workloads. The rate of expansion... resumed an upward trend after two successive months of decreases. The rate of increase in output... since the end of 2007, although the rate of job creation was slower than that posted in April. Firms
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Greeks living in smaller, older, poorer quality homes during crisis, BoG study shows
Societyis inhabited. The evolution of houses by type showed that the annual growth rate of detached houses eased... loans have been reduced over this period, the BoG study concludes that the positive growth rate... to the area of inhabited houses. Those below 40 square meters (sqm) showed an annual growth rate
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Greece sees travel receipts rise again in July to reach 2.74 bln
EconomyMacroeconomyfrom the US (+45.6 percent) and France (+27.3 percent) posted the highest growth rate followed... by the Association of Greek Tourism Enterprises (SETE) confirmed arrivals continued rising at a double-digit rate... in July. Travel payments increased by a similar growth rate to 1.21 billion. As a result
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Travel surplus soars 57.2 pct in November on surging tourist arrivals
Economy, travel surplus soared 57.2 percent to 108 million from 69 million last year. November growth rate... rate (+46.6 percent). In contrast, the number of tourists from Germany displayed the highest decline..., the growth rate of the 11-month travel surplus remained at double-digit levels (up 10.7 percent
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Newsletter 14 - 06/02/2015
note the government intends to reduce the higher VAT rate of 23 percent and impose special tax... months. Time deposit rate falls again The interest rate on households’ new time deposits fell... of Greece. For the whole year the time deposit rate recorded a drop of 100 bps on the end-2013
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A closer look at Greece's revised proposals to lenders
EconomyProgrammeinclude: 1) Increase in the corporate income tax rate by 3 percentage points to 29 percent from 26... VAT rate from 6.5 to 6 percent and a reshuffling of products and services in the other two VAT rates of 13 and 23 percent. The new low VAT rate of 6 percent will cover only medicine, books and theatre
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How big is the gap separating Greece and the institutions?
EconomyProgramme, the institutions stress that “unprocessed” food would be included in the reduced rate of 13 percent instead..., cheese and oil would be transferred to the higher rate of 23 percent meaning a 10 percent rise in their current price. Another thorny issue is the VAT rate on food service. The institutions propose
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Newsletter 32 - 26/06/2015
rates. Both sides agree that the super-reduced rate be applied to pharmaceuticals, books and theatre only. However, for the reduced rate of 13 percent the two sides agree only on energy. The institutions propose this rate be applied to basic foodstuffs and water (excluding sewage), while Greece
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EC study: VAT gap in Greece at 34 pct, more than double the EU average
Economyshowed that VTTL grew by 1.2 percent in 2013, while collected VAT increased by a lower rate of 1.1.... The comparison of VAT revenues to GDP shows the Greek rate is in line with the EU average and above... as the ratio between the VTTL and an “ideal” VAT revenue estimated by applying the standard VAT rate
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Newsletter 49 - 30/10/2015
, but a 6-percent VAT rate would apply in private tuition schools, music and 13 percent in non-state schools. However, the commission rejected this proposal, calling for either a zero rate or the standard 23 percent VAT rate. Citing official sources, media reports claim that the government has looked
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