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Newsletter 442 - 22/11/2024
, the underlying numbers highlight the challenges for the coming years. According to the latest estimates... and investments, is also captured in the 2025 estimates as they are seen growing by 3.6 pct in 2025... budget was estimated at 15.1 pct, more than doubling from the 7.1 pct growth of 2023. In fact
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Details of 2025 budget point to complex economic challenges ahead
EconomyMacroeconomynumbers highlight the challenges for the coming years. According to the latest estimates, the Greek... and investments, is also captured in the 2025 estimates as they are seen growing by 3.6 pct in 2025... was estimated at 15.1 pct, more than doubling from the 7.1 pct growth of 2023. In fact, the Finance
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Greece moves closer to troika over fiscal gap, waits for response
EconomyProgrammeeuros but the overall impact on the economy would be materially negative. SETE estimates... ground on these demands. Pensions The second government intervention with estimated cost savings...) with estimated cost savings of 70 to 80 million euros. On the public sector, the government has proposed
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Conditions for Greek ECCL reportedly outlined in German document
EconomyProgramme, with the remaining 600 million in cash. Citing European Commission (EC) estimates, the German document reveals... of the current troika review. The estimated duration of the ECCL is 12 months. The amount provided... reforms will continue to be implemented. In addition, it is estimated that debt sustainability has
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Finance Ministry targets 3 bln from unpaid taxes
EconomyMacroeconomyon SYRIZA’s estimates. The effective unpaid tax debt of 9 billion mainly involves obligations... and methodology, Valavani unveiled that the effective (recoverable) unpaid tax debt is estimated... settlement process over a 7-year horizon, with estimated revenues of 3 billion in the first year. Valavani
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Newsletter 61 - 05/02/2016
, the commission aligned its GDP growth estimates with the government forecasts, which call for zero... will to stay in office Around 40,000–50,000 people are estimated to have taken part in Thursday’s... estimated that the direct costs of the impact of the refugee crisis on the country’s fiscal position
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Greek expats generating 9.1 bln in taxes abroad each year, study suggests
Societyestimates that Greek expats have generated a total of more than 50 billion euros of GDP in their new countries since 2008. In addition, the Greek state is estimated to have invested more than 8 billion... the beginning of 2018, Endeavor Greece has now estimated that the brain drain reached 350,000 over
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Fiscal Council adopts 2017 budget forecasts with three reservations
EconomyMacroeconomythat the government projection of a strong GDP rebound of 2.7 percent next year stands above consensus estimates... contribution for public servants. In addition, pension expenditure is estimated to rise by 5.75 billion euros... income tax estimated to increase by 14.5 percent to 9.17 billion euros, VAT by 5.2 percent to 15.48
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Capital controls trigger big rise in card use and VAT revenues, Bank of Greece data shows
EconomyMacroeconomy, it is estimated that it also results in an improvement of the long-term collectability by 0.4 – 1.7 percent. Based on those estimates, the BoG concludes that the increased use of cards in Q3 2015... 2016, while the effective rate is estimated to have increased by 1 percentage point due
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Rating agencies concur in improved prospects for Greece
Economyfiscal path with its creditors. The range of primary surplus estimates for the 2017-2020 period... this year with an estimated 1.5-1.6 percent growth leading up to 2.7 percent in 2019 and 2020 as estimated by S&P. The near-term macro outlook is built on an expected boom in investments that, thanks to EU
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