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Greek time deposit rate down to 1.88 pct in November, lowest since euro entry
EconomyMacroeconomythat time deposit rates have not followed suit. Since the beginning of the Greek crisis, the time... in the business loan rates was again evident in corporate loans with fixed maturity for amounts above 1 million..., interest rates remained either stable (for amounts lower than 250,000 euros at 6.01 percent
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Travel surplus soars 57.2 pct in November on surging tourist arrivals
Economy) and France (up 27 percent) posted the highest growth rates followed by the UK (up 13.4 percent) and Germany... the negative growth rates in the August – October period in the aftermath of negative developments... continues excelling (up 25.1 percent) followed by US and UK with growth rates at 15.5 and 15.1 percent
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What next Greece?
Agora% in 2016-19 and nominal GDP growth averaging 5% (and with low interest rates on Eurozone loans), the debt... keeping under the table, awaiting the election winner. The good news is that nominal interest rates on much of the debt is floating, and might be floored in a “soft-OSI”. Certainly market rates (to which
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Newsletter 21 - 27/03/2015
rates on Aegean islands, but government sources said that was a personal view. before May. Although... and privatisations, where there are conflicting views within the government. On VAT rates, Alternate Finance Minister Nadia Valavani recently said she would favour increasing the reduced VAT rates enjoyed
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Newsletter 28 - 29/05/2015
the government prefers to keep three and avoid major rises in the rates levied on products and services... of 800 million at current tax rates. It is, therefore, critical for the Finance Ministry to resolve..., this is taxed with rates up to 45 percent, on top of penalties. It is estimated that around 60 percent
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Newsletter 32 - 26/06/2015
percent, which implies a small gap of 125 million. The two sides agree on three rates, a basic at 23... marginally higher at 6.5 percent, while the other two rates are identical to the currently applied rates... rates. Both sides agree that the super-reduced rate be applied to pharmaceuticals, books and theatre
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This is what's in the legislation Greece has to approve by Wednesday night
EconomyProgrammepercent discount on VAT rates applied to islands will start from October 1 for islands with higher... 2.8 percent) 6) Above 500,000 euros, the rates rises to 8 percent (from 2.8 percent) ELSTAT... for the higher rate on corporate profits 3) 251 million from the increase in the solidarity levy rates 4
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No let up ahead in terms of fiscal demands for new Greek government
EconomyProgrammepercent for basic food, energy, hotels and water. In addition, the 30 percent discount on VAT rates... percent (estimated revenues at 410 million), rise in the solidarity levy rates for individual annual income above 30,000 euros (251 million), increased tax rates on insurance fees (75.6 million) and higher
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Time deposit rate slips 12 bps in Oct, average loan rate rises by 29 bps
EconomyMacroeconomymarket, since the core Greek banks that control more than 95 of the market cut their rates. The time... between 250,000 and 1 million euros. As a result, corporate lending rates in Greece stayed 250-350... in the course of 2015. Higher loan rates coupled with declining deposit rates led the average spread
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Pension reform brings painful overhaul in social security contributions for self-employed
Economyfor the self-employed. New contributions would be calculated by applying unified rates on declared income... to 38.45 percent, which is broadly similar to the sum of employers and employees rates... should have unified contribution rates applied on declared income. The comparison of the current
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