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  1. Newsletter 32 - 26/06/2015

    Newsletters

    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

    7%

  2. EC study: VAT gap in Greece at 34 pct, more than double the EU average

    Economy

    showed 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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  3. Newsletter 49 - 30/10/2015

    Newsletters

    , 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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  4. Athens and creditors edge closer on tax and pensions but gap remains on NPLs

    EconomyProgramme

    working 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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  5. Greece tops EU tables for lawyers but also pending administrative court cases
    Photo by Joe Gratz via Flickr https://flic.kr/p/bkUna

    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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  6. Newsletter 72 - 06/05/2016

    Newsletters

    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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  7. Newsletter 78 - 17/06/2016

    Newsletters

    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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  8. Newsletter 86 - 26/08/2016

    Newsletters

    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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  9. 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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  10. Q3 GDP rebounds 0.8 pct QoQ and 1.8 pct YoY, above flash estimates
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    for 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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