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  1. Newsletter 212 -28/06/2019

    Newsletters

    of a new seven-year bond at a nominal value of 3 billion euros and a fixed interest rate of 3.375... showed that the total figure has risen by 30.24 billion euros year-on-year and stood at 358.95..., and their activities in the next 40 days will set the stage for the rest of the year. The remaining three systemic

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  2. BoG report highlights economic challenges, proposes way forward
    Photo by MacroPolis

    Economy

    . Available soft data show that this trend continues into the second quarter of the year, following a 1.3 percent year-on-year growth in the first quarter. However, BoG notes that rising global uncertainty.... Over the coming years, BoG sees growth of 1.9 percent this year, 2.1 percent next year and 2.2 percent

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  3. Car sales rise by 4.9 pct in June and 8.8 pct in aggregate period
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    . In June 2018, the year-on-year rise had come to 28.4 percent. June’s headline figure completes three consecutive months of year-on-year rises after a decline of 9.5 percent noted in March. Car sales for the month came to 21,464 compared to 20,469 in June last year. Out of the total, passenger car

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  4. Industrial production falls by 1.2 pct in May
    Photo by Giannis Papanikos/Fosphotos

    EconomyMacroeconomy

    Greece’s Industrial Production Index (IPI) dropped year-on-year (YoY) by 1.2 percent in May... revealed on Wednesday. The latest headline figure is the second negative reading in the year so far after... for the first five months of the year showed that the IPI rose by 1.2 percent. The figure was driven by a 2.2

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  5. Merkel reluctant to discuss targets as Athens prepares bill with wide-ranging tax cuts

    PoliticsGreek Politics

    that are due to apply from the start of next year. The first of these is the reduction of the introductory.... Corporate tax will be cut from 28 to 24 percent next year and from 24 to 20 percent in 2021. Dividend tax will be brought down from 10 percent to 5 percent next year. There will be a gradual reduction

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  6. Promises, promises
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    Agora

    that year, could be eliminated in 2011. This was a further sign that under Mitsotakis’s leadership... 28 to 24 percent next year and from 24 to 20 percent in 2021 Dividend tax will be brought down from 10 percent to 5 percent next year ENFIA property tax is due to be reduced by 30 percent across

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  7. New overdue taxes rise by 235 mln in May, total debt at 104.5 bln
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    months of the year revealed that new tax debt totalled 3.14 billion, lower than the figure for the same period last year by 17.7 percent. In April, the total stood at 2.90 billion euros. New unpaid... of the year, the VAT collectability rate came to 84.2 percent, with 4.55 billion paid out of 5.40 billion

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  8. Economic sentiment hits 105.3 pts in July, confidence at highest since 2004
    Photo by Pavlos Svoronos/Fosphotos

    EconomyMacroeconomy

    points. Year-on-year, industry confidence has fallen by 3.7 points. The services index rose by 14.2 points month-on-month to 22.1 points, the highest rate since May 2018 when the rate came to 25.1. Year-on-year, the service confidence indicator has improved by 6.2 points. Retail trade rose by 4.5 points

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  9. Consumer confidence hits 19-year high, ESI highest since 2007
    Photo by MacroPolis

    EconomyMacroeconomy

    . Industry confidence declined by 1.1 points month-on-month to stand at 0.6 points. Year-on-year... to 28.8 points, the highest rate since March 2008 when the rate came to 31.7. Year-on-year, the service... to 22.6, and showed a decline of 2.9 points year-on-year. Finally, the construction confidence indicator

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  10. Turnover in tourism rises by 12.9 pct in Q2
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    The turnover index in accommodation and food services rose by 12.9 percent year-on-year (YoY... came to 2.62 billion euros, increasing by 16.4 percent year-on-year (YoY). Travel payments also... by air rose by 2 percent. In the aggregate period, arrivals rose by 4.4 percent year-on-year. Early

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