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Newsletter 13 - 30/01/2015
depositors in cash. A Citi report on January 28 indicated that January’s outflows had reached 8 billion... trend. The government is set to announce its policy programme on February 7–9 during the vote
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Tsipras heads for Russia with specific aims, including halting speculation
PoliticsForeign Policythat Tsipras’s Moscow visit on April 8 and 9 is “diplomatically demarcated and economically hopeful
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New fiscal measures aim to edge Greece closer to deal with lenders
EconomyMacroeconomyat 16, 9 and 5 percent. If confirmed, this would be a major development leading to price changes... above the 70-euro mark. 8) A new luxury tax of 5 percent to be imposed on jewelry, watches
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Proposed VAT overhaul a stepping stone towards agreement with lenders?
EconomyProgramme(excluding Crete) enjoy rates that are reduced by 30 percent and currently stand at 16, 9 and 5 percent... on hotel accommodation since prices would be set for an 8 percent increase. Smaller price increases
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Smaller rise of 737 mln for unpaid taxes in April
EconomyMacroeconomytax arrears, the effective figure stands at around 9 billion. The scheme for settling tax arrears... million in the fast-track settlement process until the end of March and, by May 8, an additional 135
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Sharp drop in gg primary surplus by end-April, arrears keep rising
EconomyMacroeconomy) continued heading north for the fourth straight month. They rose by 9 percent month on month (MoM... and extrabudgetary funds recorded a slight drop in their arrears by 6 and 8 million respectively. Since the beginning
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Greek trade deficit up 6 pct in April despite growth in exports
EconomyMacroeconomy, exports rose by 16.9 percent, whilst imports by 8 percent, leading the respective trade deficit down... figures for the 4-month period displayed trade deficit dropped by 9 percent to 6.39 billion, reflecting
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Greek stocks dive by 4.7 pct as bond yields climb on absence of deal with lenders
Economyin the post-election period exceed 12 percent. Greek banks were hit most today, plummeting by 8 percent...) and Alpha Bank (-9 percent). The other two core banks, NBG and Eurobank recorded losses of 5.7
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Greek pensions laid bare
Agoraunder 9 billion, or 5 percent of GDP, in 2014 The state’s total contribution to the social security sector in 2014 reached 14.4 billion euros, almost 8 percent of GDP, from just under 16 billion
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Industry turnover down by 2.3 pct in April for sixth straight fall
Economy) for the non-eurozone countries and an 8 percent increase for the euro area countries. The respective... goods (+9 percent) followed by capital goods (+6 percent), consumer non-durables (+2.6 percent
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