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PM sees 'new Greece' rising from Hellinikon rubble, pledges more aid for struggling firms
PoliticsGreek Politicsdays in office. Instead, it has taken a year before he could pay a visit to the site in southern... will pay for the demolition work and oversee the successful conclusion of the tender for the casino... be expanded, along with a reduction in the tax businesses have to pay in advance this year. Companies
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Is VAT all you've got?
Agoralenders estimate will be lost in tax revenues and they cannot allow any room for the possibility of Greece... businesses pay 26 percent company tax and another 10 percent on redistribution of profits. They also... 20,000 euros to pay in taxes. This amount, of course, will be cleared and some businesses will receive
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S&P downgrades Greece, sees economy shrinking by 1.5 pct in 2015
Economywith institutional creditors conclude soon. The rating agency revised its previous estimate (released a month ago... borrowing requirements. However, S&P expects that the government will continue to pay salaries... government issuing IOUs to pay employees, pensioners and suppliers. These IOUs could circulate
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Parties' competing tax pledges come up against challenging reality
EconomyFeaturesrise in taxes due from the higher income brackets. However, the top 5 percent of households pay just... bracket (incomes over 220,000 euros) pay upwards of 17,000 euros annually in SSC (over 14,500 euros under.... Depending on how the mix of interventions in tax policy and rates is implemented, a rough estimate
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Fourth review talks conclude with fiscal differences remaining
EconomyProgrammeof annual revenue from the commission that banks will pay for the state guarantees. At the same time... conservative view, in line with the European Commission’s current estimate of 2.2 percent growth... the country’s request to pre-pay the expensive part of the IMF loans, close to 3 billion euros
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Eurosystem funding drops by 2.80 bln in February, led by ELA reduction
EconomyMacroeconomybillion compared to the previous month. The BoG figures also revealed that banknotes in circulation fell by 571 million to 33.99 billion, the lowest total since December 2014. Banknotes in circulation..., banknotes in circulation have dropped by 16.49 billion euros. The latest figure means
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Eurosystem funding drops by 399 mln in May, ELA collateral falls to zero
EconomyMacroeconomyalso revealed that banknotes in circulation rose by 45.4 million euros in May, after a rise of 299... for the month came to 28.13 billion euros. Since their record high of 50.48 billion in June 2015, banknotes in circulation have declined by 22.35 billion euros. As of the latest month’s figures, banknotes
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Eurosystem funding rises by 64.9 mln in July
EconomyMacroeconomythat banknotes in circulation rose by 257.1 million euros in July. July’s increase is the sixth consecutive rise in banknotes in circulation in as many months. The total for the month came to 28.57 billion euros. Since their record high of 50.48 billion euros in June 2015, banknotes in circulation have declined
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Eurosystem funding drops by 464.8 mln in August
EconomyMacroeconomy. The BoG figures also revealed that banknotes in circulation rose by 14.1 million euros in August. August’s increase is the seventh consecutive rise in banknotes in circulation in as many months, though... billion euros. Since their record high of 50.48 billion euros in June 2015, banknotes in circulation have
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Eurosystem funding drops by 699.8 mln in September
EconomyMacroeconomycollateral stood at 16.45 billion euros. The BoG figures also revealed that banknotes in circulation rose by 45 million euros in September. September's increase is the eighth consecutive rise in banknotes... their record high of 50.48 billion euros in June 2015, banknotes in circulation have declined by 21.86
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