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  1. Fall in apartment prices decelerates to 0.2 pct in Q1 for slowest contraction on record
    Photo by Yiannis Drakoulidis/Fosphotos

    EconomyMacroeconomy

    their prices fall by 0.3 percent in Q1, at the same rate as Q4. Properties up to five years old saw... represent the slowest rate of decline since figures were made available as of Q1 2007, and contrasts with a decline of 1.9 percent noted for the same quarter last year. Based on the slowing rate

    5%

  2. EC sees relief measures securing debt sustainability despite poorer growth, market access prospects
    Photo by Stuart Chalmers via Flickr https://flic.kr/p/49JB98

    EconomyProgramme

    into a 3 percent long-term nominal growth rate, on the assumption that inflation will reach 2 percent... percent by 2030 in line with the projected increase in the risk-free rate, and to reach 5.1 percent.... However, the GFN-to-GDP rate is projected to increase from the 2020s onwards, reaching 28.1

    5%

  3. PMI at 53.5 pts in June as Greek manufacturing sector finishes Q2 on a positive note
    Photo by Giannis Papanikos/Fosphotos

    EconomyMacroeconomy

    running, while new export orders have now risen in nine consecutive months. Moreover, the rate of growth... in order to keep up pace. Meanwhile, purchasing activity rose to the highest rate of the last four... cost inflation rose for the second month at the highest rate since January last year. A wider range

    5%

  4. Greek debt management agency sees Eurogroup debt deal favourably
    Photo by MacroPolis

    EconomyProgramme

    flexibility in the event of growth and interest rate developments that do not meet the forecasts. The PDMA.... Equally importantly, interest rate risks are contained. Only 49 percent of the total debt... rates issues over the last 12 months. Greece is also shielded against interest rate risks thanks

    5%

  5. Pension cuts dominate discussion as eurozone prepares to release final bailout tranche
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    VAT rate on the remaining five Aegean islands. He said that the eurozone bodies had been taken... by the fiscal implications of the lower VAT rate as the increase is only expected to yield 24... being examined by Finance Ministry officials include lowering the basic rate of income tax from 22

    5%

  6. Growth conditions improving but more work needed over longer term, PBO suggests
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    not meet expectations. In particular, unemployment did not fall at the rate expected in Q1, while... increase at a rate setting the ceiling for wage increases. The PBO notes, as previous sources have done... increase in the long-term potential growth rate of the economy, since the report notes

    5%

  7. Recent study issues warning over ageing population, future pension burden
    Photo by Panayotis Tzamaros/Fosphotos

    Society

    Greece’s population reduced, while the growth rate of the working-age population, which ranges... authors state that while Greece is aiming for 2 percent annual GDP growth, a rate closer to 4.... However, births remained below the 100,000 mark for a second year running. The birth rate fell under

    5%

  8. SYRIZA and ND go head-to-head over promises to lighten tax burden

    PoliticsGreek Politics

    the ENFIA property tax by 30 percent, dropping the basic income tax rate to 9 percent, easing social security contributions to 15 percent and chopping the VAT rate in the food service sector to 13 percent..., that the lower VAT rate on five Aegean islands will be maintained beyond the end of the year

    5%

  9. Lenders appear at ease with Tsipras pledges, cautious on pension cuts

    EconomyProgramme

    aged under 25 and the reduction of the top rate of VAT from 24 to 22 percent in 2021, with the lower rate dropping 1 percentage point from 13 percent to 12. There was no immediate negative reaction from... in the corporate tax rate as one such measure. Pension cuts Where things are less clear, though, is on the issue

    5%

  10. Take your seats

    Agora

    and the reduction of the top rate of VAT from 24 to 22 percent in 2021, with the lower rate dropping 1... excited. The reductions to the prohibitive corporate tax rate will be small and staggered, while

    5%