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Greece seeks to finalise 1 pct of GDP in new tax measures to close review
EconomyMacroeconomy) - the government has to identify additional measures of 1 percent of GDP to cover the fiscal gap of 3... being withdrawn. 2) Adjustment to the single property tax (ENFIA) rates to counterbalance the drop... euros. 3) A levy on hotel stays of 1-5 euros per night, according to the hotel’s category
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Newsletter 71 - 22/04/2016
the institutions that there is no urgent need for the legislation of contingency measures worth more than 3 billion euros on top of the 5.4 billion (3 percent of GDP) agreed with lenders but it appeared to have... by a 13.5 percent decline in capital goods. Manufacturing turnover saw a drop of 15.4 percent. 2
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Eurogroup sets conditions for disbursements totalling 10.3 bln to take place
EconomyProgramme. The first instalment, amounting to 7.5 billion, is due in June after the implementation of 3 outstanding... with an objective property value below 140,000 euros. 2) A correction in the legislation on pension reform probably... and this money will now have to be collected from the pensioners. 3) Completion of milestones
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Net profit of 87 mln for NBG in Q1
EconomyBankingpillar II costs, fees fell 3 percent QoQ to 73 million euros, while fee expenses related to pillar II... 2 billion to 20.8 billion in mid-May. The latter is split into ELA funding of 11.2 billion and ECB... II bonds (nominal value) were sharply reduced from their peak of 16 billion in Q3 2015 to 3 billion
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Newsletter 75 - 27/05/2016
as a way of partly negating the recessionary impact of the 3 percent in GDP of austerity measures... will be used for the clearance of arrears. 2 Paddling with a wooden spoon Tsipras may have missed his best... just passed a package of legislation that any administration in Europe would have balked at: 3 percent
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Coalition and opposition make proposal and counter-proposal in build-up to electoral law vote
PoliticsGreek Politicsthe next elections. Reports on Thursday suggested that the government might lower the 3 percent... the bill, given that they are currently polling around the 3 percent mark. If either, or both... propose the winning party should be awarded an extra seat for each 2 percent of the vote it gains
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Minor uptick in time deposit and average loan interest rate in June
EconomyMacroeconomypercent. On the flipside, interest rates for corporate loans above 1 million euros edged up by 2 bps..., the interest rate for loans to sole proprietors slipped 3 bps to 7.32 percent. Overall, the weighted average rate on new loans slightly increased by 3 bps to 4.87 percent in June after a marginal drop
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The key elements of the draft agreement between Greece and lenders
EconomyProgramme) Rationalisation of welfare benefits based on the recommendation of the social welfare review 2) Abolition... of the special tax for sea-farers. 3) Implementation of measures for a reduction in the spending... the use of the attrition rule starting from 1:5 in 2016 to 1:4 in 2017 and 1:3 in 2018.
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Newsletter 99 - 09/12/2016
on 6, KKE on 5.5 and Zoe Konstantopoulou’s Sailing for Freedom on 3. None of the other parties made the 3 percent threshold for Parliament. Last week, a University of Macedonia poll for Skai TV... risen by 60,600. 2 Shaping the post-MoU narrative Greece's post-2018 obligations are already becoming
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Bank of Greece sees potential for recovery, urges calm in negotiations
EconomyMacroeconomyfor a strong economic recovery of 2.5 and 3 percent respectively, while also foresees GDP to grow by 3 percent also in 2019. For 2017, BoG estimates private consumption to increase by 1.3 percent... and achieving a realistic adjustment of fiscal targets (beyond 2018 to 2 percent of GDP), changes
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