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  1. Newsletter 385 - 16/06/2023

    Newsletters

    the extra votes it needs to rise from 2.9 to 3.3 pct but Plefsi Eleftherias is seen making an even... the 2.6 pct it received in May to clinch 3.3 pct on June 25. If these results materialise, New Democracy

    5%

  2. Boosted by corporations, Sep deposits reach highest since Apr 2011
    Photo via https://flic.kr/p/2a8kbGu

    EconomyMacroeconomy

    of Greece (BoG) figures released on Friday. The annual growth in September was 3.3 percent year on year (YoY), from also 3.3 percent in the preceding month. The outstanding balance of private sector

    5%

  3. Deposits drop by 2.26 bln in Oct to 195.51 bln
    Photo via https://flic.kr/p/5Yb76K

    EconomyMacroeconomy

    of Greece (BoG) figures released on Thursday. The annual growth in October was 3.3 percent year on year (YoY), from also 3.3 percent in the preceding month. The outstanding balance of private sector deposits

    5%

  4. Trade deficit narrows by 15.1 pct YoY in Nov
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    totalled 4.07 billion euros, rising by 0.4 percent. In November last year, the trade deficit was 3.3... percent. Stripping out the value of oil products and ships, the trade deficit decreased by 3.3 percent

    5%

  5. Greek primary surplus at 1.5 bln in Q1, aided by PIB and social underspend

    Economy

    , indirect taxes eased 3.8 percent to 5.44 billion, stemming from a moderate drop in VAT revenues... of target by 457 million, equally split between VAT and consumption taxes. On specific revenue... given until April 30, while VAT and excise tax on fuel underperformed targets by 288 and 137 million

    5%

  6. BoG sees encouraging signs for Greek economy but warns on reforms

    Economy

    that an increase in real GDP by 1 percent results in a rise of the tax efficiency of VAT by 0.20 – 0.43... buoyancy effects would lead to a cumulative rise in VAT revenues by 1.4 billion (0.8 percent of GDP) over...) and the more effective tackling of tax evasion could lead to an improvement of VAT revenues. Furthermore

    5%

  7. Greek primary budget surplus rises to 2.53 bln at end of September
    Photo by MacroPolis

    Economy

    euros, down 1.4 percent. They remained in line with the target. VAT and consumption taxes also...: personal income tax (by 416 million), other non tax revenues (by 451 million), VAT (by 145 million... involve: corporate income tax (by 479 million), other income tax (by 126 million), VAT of fuels (100

    5%

  8. The measures Greece is proposing to secure troika's return

    EconomyProgramme

    measures include: 1) Increase in the VAT rate for hotels to 13 percent from 6.5 percent..., with yearly cost savings seen at 82 to 123 million 3) Increase of the VAT revenues through... more in VAT revenues. The government has also proposed some changes to the pension system, which

    5%

  9. Greek travel receipts continued upward course in October, rising by 4.6 pct
    Photo by MacroPolis

    EconomyMacroeconomy

    fiscal gap of 2.5 billion - to double the hotel VAT rate to 13 percent, aligning... in the VAT rate would bring additional direct VAT revenues of at least 350 million euros, whilst

    5%

  10. Newsletter 15 - 13/02/2015

    Newsletters

    , this is mostly due to extending the quarterly VAT payment by one month, until the end of February... their VAT and single property tax (ENFIA) obligations for February as normal, but to do so... revenues are seasonally high due to quarterly VAT returns, while the respective targets

    5%