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GDP rises by 0.6 pct QoQ in Q3, increases by 2.3 pct YoY
EconomyMacroeconomybudget, Greece’s GDP is expected to grow by 2 percent this year and 2.8 percent in 2020. The IMF... capital formation fell by 5 percent YoY, while gross fixed capital formation showed an increase of 2... around 20 percent of the total. In the final budget for 2020 submitted to Parliament, the Ministry
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The key numbers behind the latest Greek proposals
EconomyProgrammethe corporate tax rate from 26 to 28 percent with estimated revenues at 260 million in 2016 2) Increase... in 2016. 3) Reduction in the expenditure ceiling for military spending by 100 million in 2015 and 200... with estimated revenues at 100 million per annum in 2015-2016 5) Extension of luxury tax with incremental
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Govt tables 2018-21 MTFS containing 4.5 bln in measures, sees growth rising from 1.8 pct this year
EconomyProgrammeto reach 211.21 billion, around 2 billion above the 2005 level of 199.24 billion. The increase.... Including non-specified measures worth 1.5 billion in 2020 and another 2 billion in 2021, the total tax... in energy infrastructure (100 million) and in the agricultural sector (100 million), while another 100
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Eurobank records 40 mln net profits in Q2 and third quarter of negative NPE formation
EconomyBankingby 2 percent QoQ in Q2 after contracting by 1.9 percent in the previous quarter and stood at 388.9... (provision over net loans) of 1.9 percent from 1.94 percent in Q1 and 2 percent in H1 2016. Balance... of 5 billion in June. Gross loans edged down by 100 million to 50.1 billion in Q2 on the back of lower
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Greece falls to 79 out of 190 economies in ease of doing business ranking
EconomyFeaturesof 45 out of 100. On the score on the strength of legal rights, Greece scored 2 out of 12 compared... out of 100 compared to the OECD average of 91.3. Overall, three procedures across four days were... survey. The score came to 69.5 out of 100. However, the number of procedures involved has fluctuated
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Greece sees lower primary surplus at 0.3 pct for 2014, fiscal challenges remain
EconomyProgrammerules: 1) SMP and ANFA income are included in budget but excluded from EAP. This means that 2.42...-claim) should not be included in primary surplus under EAP 2) EAP includes only a part... back under EAP. The three adjustments are almost identical to those presented in the 2015 budget
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Newsletter 333 - 01/04/2022
revealed that a supplementary budget will be tabled in Parliament shortly, allowing the authorities to spend up to 2 billion more this year than initially envisioned in this year’s economic plan. Staikouras stressed that it is not certain that the full 2 billion euros will be spent. This move allows
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Tsipras gets full support in pension and income tax vote, moves on to Eurogroup
PoliticsGreek PoliticsGreek Parliament passed the pension and income tax reform bill entailing 2 percent of GDP in fiscal... Greeks or families with no children. This means taxpayers with two children will pay 100 euros extra... worsening liquidity conditions over the next weeks – an extra 2 percent of GDP in standby fiscal
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Newsletter 155 -16/03/2018
that 100 days remained for the whole package to be put together. Moscovici also described.... Greece went to the market for an amount of 625 million euros and it received bids for just below 2... of his own money in PAOK and Thessaloniki. 2 Unemployment rate falls to 21.5 pct in 2017 Non
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GDP shows annual growth of 2.2 pct in Q3
EconomyMacroeconomyhas stayed above 2 percent for four out of the five previous quarters. In addition, GDP at current.... Government spending represents around 18.9 percent of the total. The latest MoF budget for 2019... percent QoQ and rose by 8 percent YoY. The MoF in its latest budget anticipates that exports
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