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During crisis, proportion of Greeks in extreme poverty has risen almost seven times to 15 pct
Societypercent in 2013 and dropping to 15 percent in 2015. In 2015, the highest rate of extreme poverty... are the unemployed, with the rate for this category in recent years increased to around 70-75 percent, up... workers and bank employees faced extreme poverty. At 3.8 percent, the rate for pensioners is also
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BoG reveals medium-term economic forecasts, sees growth of 2.5 pct next year
EconomyMacroeconomypercent. The unemployment rate is seen slipping from 24.9 percent in 2015 to 24.1 percent in 2016... in the basic VAT rate from 23 to 24 percent on consumer prices is expected to be contained... the VAT rate increase and thus retain their market shares in an environment of weak demand.
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New tax arrears rise by 1.22 bln in June, total stock almost at 90 bln
EconomyMacroeconomypercent in May. The revenue collection rate from tax audits on large corporates notably improved to 42.9 percent in June bringing the first half figure to 20.6 percent. Similarly, the respective rate... to 43.5 percent in June from a single-digit rate in the preceding two months with the first-half
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Greece's harsh social reality
Agorathe past few years. The loss of a quarter of economic output and the increase in the unemployment rate.... In fact, Greece has had a negative birth rate since 2011. In the absence of migration, the population... Bulgaria and Romania had higher risk-of-poverty rates. The risk-of-poverty rate is even higher when
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New overdue taxes increase by 811 mln in July, total stock at 90.4 bln
EconomyMacroeconomycollection rate from tax audits on large corporates slumped to 8.6 percent in July from an exceptionally... 20.6 percent in the first half. A similar trend was also evident in the rate of collected revenues... in July from 43.5 percent in June. Therefore, the 7-month rate more than halved in one month to 10.3
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Greek VAT gap narrowed 22.4 pct to 4.9 bln in 2014, EC report shows
EconomyVAT revenues a country could theoretically generate if it applied a uniform VAT rate on all goods and services. This policy gap ratio is split into the ‘rate gap’ that represents the potential revenue... 50.8 percent in 2013 and remained well above the EU average of 43.8 percent. Moreover, the rate gap
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Newsletter 89 - 23/09/2016
) said on Monday. This was the 21st straight negative reading, while the decline rate in July... in capital goods grew at the double-digit rate of 14.4 percent, with consumer durables and intermediate... in July for the 21st consecutive negative reading, although this was the lowest rate of decrease over
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Disposable income falls for second straight quarter, by 0.7 pct in Q2
EconomyMacroeconomy, slightly slower than the 5.3 percent growth rate recorded in the previous quarter. Despite... billion, lower than that in Q2 2010, on the back of a sharp rise in the jobless rate coupled... remained for the 14th successive quarter at -2.13 billion in Q2. The household saving rate (defined
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World Bank sets out savings Greece can make from streamlining welfare benefits
EconomyProgramme. In addition, the report recommends gradually increasing the income tax rate for seafarers and crewmen to the standard rate, reducing diesel refunds for heating and studying the potential impact of charging standard excise rate on alcoholic beverages that are currently exempt, including raki. Overall
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Bank credit contracts by 1.6 pct in Oct on loan deductions of 308 mln
EconomyMacroeconomyThe rate of credit contraction in the Greek market slowed slightly to 1.6 percent in October from..., which have dragged the balance down by more than 23 percent over this period. The biggest rate... by the end of 2019, while non-performing loans (NPLs) are seen dropping at a higher rate close
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