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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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Athens and creditors edge closer on tax and pensions but gap remains on NPLs
EconomyProgrammeworking years. 2) Institutions demand a lower pension replacement rate of 0.7 percent for the first 15 working years and a higher rate for those with more than 25 years, with the end-rate seen at 2.2... contributions for supplementary pensions, but at a lower rate of up to 1 percentage point (pp) vis
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Greece tops EU tables for lawyers but also pending administrative court cases
Society, from 4 in 2011. By 2014, the most recent year covered by the release, the rate had fallen to 2.2.... on average in 2012. Only Portugal (860) and Malta (707) took longer. Greece also had the lowest rate (65...) to resolve. Notably, Greece’s rate of resolving litigious civil and commercial cases ranged from 58
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Newsletter 72 - 06/05/2016
percent) and changes in the standard VAT rate (0.25 percent) as well as from adjustments in the public... points (bps) to 3.93 percent, while the respective rate with a fixed maturity decreased by 80 bps... changes. Overall, the average rate on new loans fell to a new low of 4.65 percent. At the same time
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Newsletter 78 - 17/06/2016
rate edged up for the second straight quarter to 24.9 percent in the first three months of the year... tricky issues such as labour legislation, is due to begin. Unemployment rate up The non-seasonally-adjusted unemployment rate rose for the second successive quarter to 24.9 percent in Q1 2016, up from
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Newsletter 86 - 26/08/2016
a new ten-year bank loan of 360 million at an interest rate of Euribor plus 150 basis points... rate since Q1 2010. The breakdown shows that the prices of new apartments (up to 5 years old... and the increase in the unemployment rate to over 27 percent at one point have been widely and repeatedly
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Greece's taxing challenges
Agora, respectively, the collection rate for personal income tax only stood at 63.8 percent in 2015..., the corporation tax rate was hiked from 26 percent to 29 percent last year. According to the OECD, Greece was the only country in the EU that raised the tax rate on corporations in 2015. The corporate
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Q3 GDP rebounds 0.8 pct QoQ and 1.8 pct YoY, above flash estimates
EconomyMacroeconomyfor Q3 is also better than the 1.5 percent growth rate reported in flash estimates. In addition, GDP... components showed household consumption resumed a positive growth rate of 0.3 percent QoQ in Q3.... Investments Gross fixed capital formation posted a positive growth rate QoQ for the second straight
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Athens grapples with awkward reduction of tax-free threshold
EconomyProgrammerate for incomes that are below the current tax-free threshold and thus ease the burden not only... rate by 10 percentage points, the personal income tax rate to 15-20 percent and the top VAT rate... by 35 percent, lower taxes for self-employed and switch in the VAT rate for food services and catering
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Newsletter 110 - 10/03/2017
) of 2016, after an upward revised growth rate of 2.9 percent in Q3, according to figures published... recorded in Q3. Overall, nominal GDP edged up 0.1 percent in 2016. Unemployment rate remains stable..., the unemployment rate has decreased 1 percentage point (pp), which is attributed to a modest rise
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