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  1. Newsletter 193 -08/02/2018

    Newsletters

    they can be implemented, which will create a delay. Approval is expected in March. 2 Unemployment rate... adjusted (SA) unemployment rate stayed under 19 percent for a fourth consecutive month in November and came... Authority’s (ELSTAT) data showed. For the same time last year, the unemployment rate came to 21.1

    5%

  2. Newsletter 197 -8/03/2019

    Newsletters

    percent. The headline figure for Q4 is the first negative QoQ reading for 2018. Unemployment rate falls to 18 pct in Dec Headline figure for the year is lowest rate of joblessness since July 2011... in November. Greece’s seasonally adjusted (SA) unemployment rate continued its downward path in December

    5%

  3. PMI rises to 54.7 in March as first quarter comes to strong end
    Photo by Giannis Papanikos/Fosphotos

    EconomyMacroeconomy

    in the headline PMI figure with production rising to the fastest rate in just over a year. Firms... up the recruitment processes as well, leading to the rate of job creation picking up to the highest..., the rise in purchasing was notable and came in at the highest rate since June 2000. Markit analysts

    5%

  4. Newsletter 201 -21/04/2019

    Newsletters

    euros is subject to an interest rate of 5.13 percent because it is beyond Greece’s IMF quota... was a leading contributor to the rise in the headline PMI figure with production rising to the fastest rate... as well, leading to the rate of job creation picking up to the highest level in the series history

    5%

  5. Divorces in Greece increase by 74.2 pct in 2017

    Society

    high increase in 2017. The crude marriage and divorce rate for 2017 is 4.7 and 1.8, respectively. The average rate of divorces between 2014 to 2017 came to 15,058 divorces versus 51,637 marriages..., when the rate rose by 43 percent year-on-year to 10,995 divorces compared to 7,675 in 1994.

    5%

  6. PM aiming to unveil expansionary fiscal measures after Easter
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    is reportedly considering include reducing the top and lower rate of VAT and possibly moving some products from the higher rate, currently at 24 percent, to the lower one, which is now at 14 percent. The reduction of the basic income tax rate from 22 to 20 percent is also on the cards as is a further

    5%

  7. Mitsotakis attempts to outmanoeuvre Tsipras over lower tax-free threshold
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    the top VAT rate from 24 to 22 percent and the middle rate from 13 to 12 percent and moving some goods from the top rate to the lower one. Another measure being considered is bringing back the 1.5

    5%

  8. Tsipras tries to entice voters with VAT cuts and pension bonuses
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    PoliticsGreek Politics

    products from the top rate of VAT at 24 percent to the lower one, at 13 percent. Similarly, the VAT rate applied in the food service/catering sector will be reduced from 24 percent to 13 percent. Also... than 1,000 euros, the rate will be 30 percent. “Fiscal policy is becoming more of an ally for growth

    5%

  9. NPEs down by 13 pct to 81.8 bln in 2018, but BoG highlights continuing credit risk
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyBanking

    loans NPEs. The cure rate at the end of 2018 was 1.9 percent against a default rate of 1.8 percent. It is worth noting that mortgages had the highest cure rate of 3.3 percent, while business loans had

    5%

  10. Newsletter 212 -28/06/2019

    Newsletters

    included lowering the VAT rate for the food service sector. In his note, Petsas said that from 2020..., drop the introductory income tax rate from 22 to 9 percent for those earning less than 10,000... of a new seven-year bond at a nominal value of 3 billion euros and a fixed interest rate of 3.375

    5%