Search
-
Greece, lenders fail to make headway on fiscal and labour issues
EconomyProgrammetax rate for personal incomes and in contributions as well as lowering the VAT rate for certain... and in the corporate tax rate, currently at 29 percent. Moreover, the two sides agreed that a new technical
5% -
Lack of trade-offs for Athens keep deal with creditors out of reach
PoliticsGreek Politics, though, seems more focussed on growth-inducing measures such as cuts to the corporate tax rate and the higher rate of income tax. It is difficult for Tsipras to convince his party... is reportedly prepared to lower the corporate tax rate from 29 percent to 26 but also wants some of its
5% -
Q4 GDP contracts 1.2 pct QoQ, leading to recession of 0.1 pct for 2016
EconomyMacroeconomyconsumption by 0.6 percent. Investments Gross fixed capital formation posted a positive growth rate... the 13.8 percent growth rate posted in Q3. In particular, imports of goods increased by 6 percent... in goods by 3.3 percent. In contrast, services declined at double-digit rate of 11.5 percent. Outlook
5% -
Greek households spend greatest share of income on accommodation in EU
Societyranked ninth in terms of the rate of overcrowding in the population as a whole, with just over one..., this was double the rate for the total population. Similarly, 52.1 percent of young people were living in overcrowded conditions, again double the rate for the rest of the population. Interestingly, the ratio
5% -
Study finds contrasting trends in Greek health during crisis
Societyat an average annual rate of 7.8 percent since 2009, compared with 1.6 percent before the crisis... that the birth rate in Greece fell at an average annual rate of 3.9 percent between 2009 and 2015 while
5% -
Significant drop in number of Greek citizenships granted
Societycitizens) of another EU country. With a 1.7 naturalisation rate – the ratio of the number of people... per 100 resident foreigners. Naturalisation rate, EU-28 and EFTA, 2015 In 2013, the country’s naturalisation rate hit a high of 3.32. Of the 13,933 new citizens in Greece, the overwhelming majority
5% -
Greece agrees package of measures with IMF, eurozone to seal review
EconomyProgrammerate from 22 to 20 percent with an estimated cost of 0.5 percent of GDP, progressive reduction in the solidarity levy rates (0.2 percent of GDP), reduction in the corporate tax rate from 29 to 26 percent... to the reduction in the lowest personal income tax rate from 22 to 20 percent. Privatisations The sMoU
5% -
Q1 GDP down by mild 0.1 QoQ, hinting at impact of drawn-out review
EconomyMacroeconomyon year (YoY) in Q1, decelerating from the drop rate of 1.1 percent growth posted in Q4. The Q1 rate... respectively, while exports are foreseen rebounding by 3.8 percent, which is a higher rate compared
5% -
Q1 GDP provides a positive surprise with 0.4 pct quarterly growth
EconomyMacroeconomyat a double-digit rate of 11.2 percent YoY. This entails a positive contribution of inventories... at a similar rate compared to the 4.9 percent rise posted in the previous quarter. The breakdown showed... percent YoY, up from the growth rate of 3.3 percent posted in Q4 2016. Specifically, imports of goods
5% -
Banks meet overall NPE reduction target in Q1 2017, largely on write-offs
EconomyMacroeconomy. On the qualitative characteristics of the NPE evolution in Q1, BoG stressed that the default rate has decelerated further, but remains above the 2-percent mark and still exceeds the cure rate. Moreover, the gap between the default and cure rate is higher in business and consumer portfolios. As previously noted
5%