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Greece’s unstable and confusing tax system failing to deliver results
EconomyMacroeconomycharacterised by confusion and instability. Between 2001-2015, the report counted a total of 36... of any OECD country, with tax evasion estimated at between 2 to 5 percent of GDP per year according... in Greece . The total tax rate for businesses when insurance contributions are factored in was 44
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Newsletter 168 -29/06/2018
growth rate, assuming that inflation will reach 2 percent in 2023 and remain at the that level... and trends in total factor productivity, as captured in the adverse scenario. The Commission concludes.... 2 May budget primary surplus at 1.53 bln Confirmed figure beats the target by 1.35 bln The budget
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Newsletter 176 -28/09/2018
dependent on the budgetary performance. Moody’s sees the economy growing by 2 percent this year and accelerating mildly to 2.2 percent in 2019. The total fiscal balance is seen in a surplus of 0.4... the EFF in 2016. Total obligations to the IMF next year stand at close to 2.5 billion euros
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Newsletter 189 -11/01/2018
/ESM/IMF loans edged down by a slight 2 million, and represented 71.5 percent of the total debt...) guarantees, which make up 17 percent of the total guarantees, fell by 856 million during the month... requirements. 2 Unemployment at 18.6 pct in October Number of unemployed falls by 12.2 pct year
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Greek banks maintain focus on key areas as elections approach
EconomyBankingeuros earlier in June and attracted bids of over 850 million euros, with a total of 135 investors... in the international debt capital markets with the aim of increasing Piraeus Bank’s total capital... of 2 billion euros in mortgages, and Cairo, consisting of 7 billion euros in non-serviced loans 500
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Banks discuss with govt how to release up to 25 bln in emergency liquidity for businesses
EconomyBankingto normal operations as soon as possible. A total of 25 billion euros in loans, guarantees and subsidies.... Of the total, around 18 billion euros will be used to support businesses and 7 billion... around 7 billion euros as well under the government's plans. Guarantees of 2 billion euros
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Greece draws strong interest, attractive yield by re-opening 10-year bond
Economy-offer price of 102.87 bringing the total outstanding for the issue to 5.5 billion, following the 3... to 140 basis points over mid-swaps. The books closed by 14:00 Athens time with a total of 18... and 2 billion from a 7-year syndication in April are takεν into account, the Public Debt Management
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NBG posts net loss of 423 mln in Q4; profit of 38 mln in 2020
EconomyBanking. For 2020, core PPI came to 610 million euros, a rise of 2 percent year-on-year (YoY). The bank also..., domestic NPEs registered a total reduction of 6.5 billion euros, of which 700 million was from.... P&L Net interest income (ΝΙΙ) rose 3 percent QoQ to 314 million. In 2020, NII fell by 2 percent
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Newsletter 296 - 14/05/2021
rate by 2 pct points. The deficit is seen dropping significantly to 3.2 pct of GDP by 2022. After... households. Ongoing legal challenges regarding previous reforms remain a risk. 2 CPI falls by 0.3 pct YoY... for the first three months of the year showed that the trade deficit fell by 9.8 percent, bringing the total
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Newsletter 325 - 28/01/2022
sector incomes, at 799 million euros; and some reduced VAT rates for a total tax reduction of 2... included in the draft budget for 2022 at the end of November by 2.62 billion euros. The total... and the total deficit at 11.52 billion euros, at 6.7 pct of GDP. Having accumulated deficits over
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