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  1. Draft bill sees millions in savings and revenues from variety of bailout interventions

    EconomyProgramme

    reduction of 170 million euros (70.8 million for 2015) from lowering the VAT rate on beef from 23 to 13... by the imposition of a VAT rate of 23 percent on tuition fees for private schools (excluding kindergartens), which.... There are also a series of other measures such as the increase in the interest rate on settlement

    5%

  2. July credit contraction at 1.5 pct, slowest since Aug 2011
    Photo by MacroPolis

    EconomyMacroeconomy

    rate is the slowest decline since August 2011, when loan contraction stood at 1.3 percent... on year from a drop of 0.5 percent recorded in June. The July zero-growth rate indicates the first non.... The outstanding balance fell by 0.7 percent to 13.53 billion in July. The rate of drop in loans to individuals

    5%

  3. Accommodation and food services index rises by 13.4 pct in Q2

    EconomyMacroeconomy

    (Q2) of 2015 at an accelerating pace compared to the Q1 growth rate of 6 percent, according... this period, the highest growth rate was posted in Q1 2014 at 44.9 percent and the lowest in Q3 2013... increased by 4.2 percent in July bringing the 7-month growth rate to 6.5 percent. Inbound traveler flow

    5%

  4. Greek household income falls almost 30 pct in 8 years, finds OECD
    Photo by MacroPolis

    Society

    rate has also gone into decline, falling from 3.2 percent in early 2007 to -6.8 percent eight years... are, it also includes the unemployment rate, the broader labour underutilisation rate

    5%

  5. No time for Tsipras to celebrate as long list of tasks means pressure is on from start

    EconomyProgramme

    emerged relates to the imposition of a 23 percent VAT rate on tuition fees at private schools... rate on beef. According to the General Accounting Office, this particular VAT revenue...) Increase of the tax rate on income for rents for annual income below 12,000 euros to 15 percent

    5%

  6. Bank credit eases 1.6 pct in August on slightly accelerating negative flow
    Photo by MacroPolis

    EconomyMacroeconomy

    ) figures showed on Friday. However, the August rate is the second slowest decline since August 2011...) with household lending net deductions at 267 million. The segmental breakdown displayed corporate lending rate... subdued performance in each month. The rate of decline in loans to individuals & private non-profit

    5%

  7. IMF aligns Greek projections with EU, revises down GDP
    Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]

    Economy

    , with potentially broader spillovers. The unemployment rate is seen edging up to 26.8 percent in 2015... jobless rate in 2015 of 26.9 percent and a similar rate for 2016. The consumer price index (CPI

    5%

  8. Newsletter 46 - 09/10/2015

    Newsletters

    % Greece’s seasonally adjusted unemployment rate remained at 25 percent in July, unchanged from June... fell by 8.8 percent in August, following a nosedive of 63.1 percent in July. August’s rate of decline... of financial assistance available to Greece, coming at a zero percent interest rate and continuously

    5%

  9. First visit by quadriga to Athens leaves series of issues unresolved

    EconomyProgramme

    sticking to the European Commission (EC) directive calling for either zero VAT or the regular rate (i.e. 23 percent) rate. As a result, the government proposal for escalated rates - zero... proposal and the one that was legislated in mid-August imposing a uniform VAT rate of 23 percent on all

    5%

  10. Credit contraction slows to 1.5 pct in Sept on marked drop in corporate loan deductions

    EconomyMacroeconomy

    modest 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

    5%