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Accommodation and food services index up 7.6 pct in Q3
EconomyMacroeconomyfor the first time since 2008. In the preceding three years, the rate of decrease reached 17.2 percent..., the recent government proposal to double the hotel VAT rate to 13 percent, aligning... that the hike in the VAT rate has a direct positive impact on VAT revenues by at least 350 million euros
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Greek tax revenues at 33.5 pct of GDP in 2013, slightly below OECD average
EconomyMacroeconomypercent in 2012 remaining above the OECD average of 19.5 percent. Greece’s standard VAT rate of 23...) among eurozone countries. The report acknowledges that the average standard VAT rate of the 21 OECD EU... if VAT was applied at the standard rate to the entire potential tax base in a “pure” VAT regime and all
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Manufacturing PMI up for third straight month but still falls short of growth
EconomyMacroeconomy, the rate of rise in staffing numbers was the fastest since October 2007. In contrast, backlogs of work decreased in December at the fastest rate since August, while a further marked decline was recorded... to the average rate over the past four years. However, the rate of fall in output prices was solid
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Greek trade deficit widens by 26.9 pct in December
EconomyMacroeconomyto 1.46 billion euros in November. The jump by 26.9 percent in December is the third highest rate... advanced for the third successive month. December’s rate was the fifth positive reading in 2014... month after the year high of 2.51 billion euros posted in October. The growth rate in imports
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Greek credit falls by 2.9 pct in Jan as lending balances reach 214 bln
EconomyMacroeconomythan the 3.1 percent recorded in December, according to the Bank of Greece (BoG). The January rate... to 311 million indicating the highest reading since July 2013. The rate of contraction in consumer... with the January figure at 328 million, the highest reading since June 2012. As a result, the rate of drop
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Greece prepares reforms list, eyes solution to liquidity shortage
EconomyProgrammethat the government is examining two scenarios: The first envisages a unified VAT rate of 15 percent with abolition of all existing exemptions. The second involves a VAT rate of 15 percent and a lower rate for food... rate of 6.5 percent for medicines, books, newspapers and magazines, tourism and theatre, while a 30
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Monthly credit flow turns positive in Feb for first time since June 2012
EconomyMacroeconomy, according to the Bank of Greece (BoG). The February rate is the lowest negative reading since November... in the first two months of the year. As a result, the rate of contraction significantly decelerated... in January. The rate of drop in loans to individuals & private non-profit institutions remained
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Manufacturing PMI drops to 46.5 in April, lowest reading since June 2013
EconomyMacroeconomy, the rate at which jobs were lost was only marginal. A lack of pressure on productive capacity remained in April, with the decline in backlogs of work falling at the fastest rate over the last three... moderated pace. At the same time, the post-production inventories fell month on month at a rate
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Industrial production shoots up by 5 pct in March for highest rise since 2007
EconomyMacroeconomy, at an accelerating rate of 5 percent in March after rising by 1.9 percent in February, according to the Hellenic Statistical Authority (ELSTAT). The March rate is the highest reading since November 2007 and the just the fifth positive rate over the past fifteenth months (since the beginning of 2014
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Greek SMEs face biggest obstacles to finance in euro area, ECB finds
EconomyMacroeconomyfor countries such as Germany (23 percent), but not for Greece where the respective rate of 5 percent... single-digit rate for the eurozone average. At the same time, the availability of external financing... by 28 percent in Greece. This rate was by far the highest among the euroarea countries
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