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Credit contraction slows to 1.5 pct in Sept on marked drop in corporate loan deductions
EconomyMacroeconomymodest deductions of 51 million. The breakdown by segment showed the corporate lending rate was stable... percent in September, at an accelerating trend from the drop rate of 0.6 percent recorded n August..., the rate of contraction in loans to individuals & private non-profit institutions rose to 3.2 percent
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Trade deficit increases by 17.3 pct in Oct on large drop in exports
EconomyMacroeconomy, Hellenic Statistical Authority (ELSTAT) figures showed on Tuesday. The October rate represents... marginally by 0.3 percent. Exports headed south for the fifth straight month with the October rate... percent in the 10-month period, while those from non-EU countries declined at double-digit rate
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The pension and revenue interventions Greece has to make to meet its 2016 fiscal target
EconomyProgrammerate of 23 percent on private education. 5) Increase in the corporate tax rate from 26 to 29 percent... euros and to 35 percent (from 33 percent) for annual income above this threshold. 7) Tax rate of 30
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Pension reform brings painful overhaul in social security contributions for self-employed
Economycalculation is based on the application of a 20 percent rate on net income for main pensions, 7.5 percent for supplementary, 6.95 percent for health and 4 percent for lump-sum. This brings the total SSC rate... contribution rates (38.45 percent of income), the self-employed are also burdened by a tax rate of 26
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Car sales rise by 3.7 pct in Jan
EconomyMacroeconomyprefecture. Passenger cars posted a higher growth rate of 5.5 percent in January. The absolute figure reached 8,533 making up 80 percent of road motor cars. In 2015 cars rose at a double-digit rate... figure of 347,354. The notable growth rate in 2014 was largely attributed to renewal of rent-a-car
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Gov't offers improved terms to farmers in bid to break deadlock
Economycontribution rate of 16 percent (instead of 20 percent) in 2019 but this would lead them to collecting a lower pension. A contribution rate of 16 percent for 40 working years would result in a pension of 483 euros, while for a rate of 20 percent the corresponding pension would reach 604 euros. Both
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Some progress made as Greek programme review heads for break
EconomyProgrammeeuros. In addition, a new tax scale of four brackets would be introduced, with the lower rate at 22-22.5 percent for incomes up to 20,000 euros and the upper rate at 45 percent for incomes above 40,000 euros. Until now, incomes up to 25,000 euros are taxed with a rate of 22 percent, incremental
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Newsletter 68 - 01/04/2016
, an increase (at a rate that is yet to be decided) in social security contributions for supplementary... percent deficit target. be taxed with a rate of 22 percent, compared to the current 26 percent... of understanding, while the government has proposed an increase in the tax rate on dividends from 10 to 15
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Ministry's actuarial study shows the devastating impact of the crisis on the pension system
Economywith a 4.1 percent annual rate of drop. In absolute terms this means that from a job creation... previously. The study also shows that the gross pension (main and supplementary) replacement rate... (for salary of 500 euros for 20 working years). Moreover, for 35 working years, the pension replacement rate
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Multi-bill details how Greece aims to raise 1.6 bln from indirect taxes
EconomyMacroeconomyin the basic VAT rate, applied to the bulk of goods and services, from 23 to 24 percent as of June 1... and on diesel and heating oil by 8 percent. The tax rate on Gross Gaming Revenues (GGR) of lottery games... million. A new levy is introduced on fixed line or internet and cable TV subscribers with a rate of 5
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