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Pension and income tax reform bill sets out 4.4 bln in new measures
EconomyProgrammemillion. This figure is expected to rise to 900 million from 2020 thereafter. 2) Cut in current (284 million) and future (43 million) supplementary pensions – 326 million. 3) Lower pensions for new... million. 2) New methodology for calculation of self-employed contributions based on declared
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Final budget primary surplus reached 2.72 bln at end-April after upward revision of PIB revenues
EconomyMacroeconomy. The expenditure breakdown showed salaries and pensions dropped 1.4 percent in April and 3 percent... to the social security funds posted a decline of 2 percent to 3.58 billion in the 4-month period. Both items... of 1.63 billion) 2) Social protection (at 235 million corresponding to 16.2 percent of the annual
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Newsletter 81 - 08/07/2016
for the winning party but retaining the 3 percent threshold for entering Parliament – would apply... of removing the bonus but also wants to scrap the 3 percent threshold. As a result, the government separated... deposit rate eases Greek households’ new time deposit rate fell by 2 basis points to 0.85 percent in May
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Newsletter 84 - 29/07/2016
system. The government estimates that around 3–4 billion euros may be returned to Greek banks... in the first six months. On the same day, the BoG said that credit contraction remained stable at 2 percent... issues during the summer is part of a conscious government strategy to prevent resentment over the 3
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Can Greece learn to love renewable energy?
EconomyFeatures/uploads/2016/06/GSR_2016_KeyFindings1.pdf [2] https://www.dei.gr/en/i-dei/i-etairia/tomeis-drastiriotitas... and sixth in the world, and it is estimated that their supply will last for around 45 years.[2] Around half... percent at the end of 2015.[3] The group’s energy sales revenues from renewable sources at the end
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Newsletter 86 - 26/08/2016
in June, reflecting a drop in foreign arrivals by 2 percent to 2.97 million and in the average... of Greek debt. 2 A harsh social reality Greece's economic and social deterioration can no longer... of poverty or social exclusion. The absolute figure stood at 3.8 million in 2015, from about 3
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Greece’s embattled commercial steel market industry braced for more challenges
EconomyFeatures/content/8dfede9c-5a56-11e6-9f70-badea1b336d4 [2] http://ec.europa.eu/greece/news/2016/20160316_xalyvourgia_el.htm [3] http... and 1.3 percent of the EU’s GDP in 2015. [2] Over the years, European steel production has seen its.... Meanwhile, Chinese steel production has risen from 15 percent in 1999 to 50 percent today.[3] The country
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NOME auctions as a mechanism to strengthen competition in the Greek electricity market
Legalof that said Law, as amended by para. 1 of Article 3 of Law no.4393/2016, establishes the sales..., is the following: On the basis of the enabling provision contained in paragraph 2 of Article 140 of the same... must be placed (namely article 135 para.2 Law. 4389/2016, as amended by article 3 para 1 of law
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Newsletter 95 - 11/11/2016
to surge 13.7 percent, while exports and imports are predicted to increase 3.6 and 3 percent... of 23.3–23.5 percent in 2016, which is expected to fall by 1–2 percentage points in the following... production by 2.2 percent, while electricity, water supply and mining and quarrying production fell by 2.8, 3
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Minor fluctuations in deposit and loan interest rates in December
EconomyMacroeconomyhouseholds and corporates led the weighted average rate on all new deposits down by 3 bps to 0.32 percent...) edged up 3 bps to 14.51 percent. The housing loan rate increased by 21 bps to 2.83 percent, while that for loans to sole proprietors eased by 2 bps to 7.34 percent. Overall, the weighted average
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