Search
-
Significant post-election economic challenges await Greek coalition
Economya conversion of the Greek Loan Facility (GLF) variable rate (currently at Euribor plus 50 basis points... in the first quarter (Q1) of 2014, the slowest rate of decline since Q1 2010. Greece has experienced... rate is in excess of 34 percent. The official sector projects Greek unemployment will ease
5% -
Eurostat 2012 figures raise questions about Greece's tax policy
Economytaxes fell by 1.5 and 3.2 pps respectively. The implicit tax rate on labour in Greece soared..., the Greek implicit consumption tax rate remained flat year on year at 16.2 percent remaining 3 pps... revenue-to-GDP ratio fell short by almost 7 pps. Given the in-line implicit labour tax rate
5% -
Unpaid taxes keep rising, tax audits short of targets
EconomyMacroeconomy, the rate of increase has halved in the past two months, to 524 million in April and 401 million... of June is not likely to be met since the respective rate by the end of May stood at 11.4 percent... of large corporates, the released data unveiled that the year to date collection rate stood at 32.4
5% -
Political tremors shake Spain, overshadow economic progress
Agorainsufficient to signify a solid recovery. In May, the jobless rate dropped 2.3 percent, nearly 112,000... 4.5 million people unemployed, putting the rate slightly above 25 percent and keeping... organizations such as the IMF have forecast that the unemployment rate will remain at levels close
5% -
Car sales continue to rise in July but at slower pace of 25.9 pct
EconomyMacroeconomyThe growth rate in the number of road motor vehicles going into circulation for the first time.... The 12-month trailing index indicates a slower growth rate of 19 percent, mainly reflecting two non-positive...) of new licences, soared 26.1 percent in July and 28.7 percent in the 7-month period. The growth rate
5% -
Another 1 bln added in July to unpaid taxes in Greece, which total almost 68 bln
EconomyMacroeconomyThe rate of rise in Greece’s unpaid taxes remained virtually unchanged at 1.01 billion in July from..., with the year to date rate at just 13.1 percent. Tax audits on the three categories showed mixed trends... to 7.7 percent from 24.5 percent in June. In addition, the 7-month rate stood at 29.9 percent compared
5% -
Paris talks mark start of Greece's most crucial troika review
EconomyProgramme. The government is also aiming at retaining the VAT rate on accommodation and food services at 13... tax rate from 26 to 15 percent and the rate of the upper tax scale for physical persons from 42
5% -
OECD report paints grim picture for Greece's labour market
EconomyMacroeconomyrate unchanged at 27.1 percent in 2014 and 26.7 percent in 2015. In addition, OECD economic forecasts... showed the highest unemployment rate was recorded in Greece (26.8 percent), Spain (25.1 percent) and Portugal (14.3 percent). In the euro area the jobless rate stood at 11.6 percent in May
5% -
Credit in Greece contracts by 3.5 pct in August
EconomyMacroeconomyThe rate at which credit to the Greek private sector is contracting slightly eased to 3.5 percent.... However, the rate of decrease decelerated to 4.6 percent in August from 4.9 percent in July. August.... Loans to sole proprietors continued showing a positive growth rate for the 11th consecutive month
5% -
Greek PMI drops into contraction territory in September, falling to 48.4 points
EconomyMacroeconomyat a steady rate in September following a sharp pace posted in August. Manufacturers reduced both... with buying levels declining at the fastest pace within 2014. Employment fell at the slowest rate over... decline in output charges was recorded. The rate of decrease in producer prices, which was only
5%