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A closer look at Greece's revised proposals to lenders
EconomyProgrammeto a total number of 35,000 VLTS that are expected to be installed in the second half of the year. 3... rebates with estimated revenues of 140 million per annum in 2015-16. 5) Administrative dispute settlement... recorded profits above 5 million euros. 3) Increase in the solidarity levy rates for annual income
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Greece's updated proposals to lenders and how they compare to previous efforts
EconomyProgrammein the health care contribution for pensioners for their main pension by 1pp from 4 to 5 percent... for pensioners for their supplementary pension at a rate of 5 percent, similar to that to be imposed... will be effective as of the beginning of next year. 5) Increase in the contribution for employees
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Gov't lowers tax-free threshold, prepares for third pillar of measures worth 1 pct of GDP
EconomyProgrammereforms but also on other measures, each yielding 1 percent of GDP to a total of 3 percent of GDP (5.4... in the excise tax on beer, cigarettes and tobacco. As of July 1 Introduction of a new tax rate of 5... Introduction of a hotel overnight stay tax ranging between 2 euros for hotels with two stars up to 5 euros
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Government move over primary residences raises questions
PoliticsGreek Politicson the total assets held by the borrower; the timing of the default; and the window during which applications... lead to the April 5 Eurogroup not giving the green light for almost 1 billion euros in debt relief... Eurogroup on 5 April," he said. In Athens, government officials insisted that Greece is not acting
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NBG results show net profits of 602 mln euros in 9M
EconomyBanking) to 171 million. Year-on-year (YoY), the figure fell by 5 percent to 439 million in 9M 2020 compared... and the continuing repricing of time deposit. In 9M, NII fell by 5 percent to 855 million euros. Trading.... On an annual basis, Greek deposits grew by 5 percent YoY with inflows of 2.3 billion. Net fee
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Newsletter 291 - 02/04/2021
, increasing the total size of the package to 57.5 billion euros, from the 30.9 billion euros it gets... before the pandemic outbreak. Separately, Greece’s economic sentiment (ESI) rose by 5 points month... points. Retail turnover drops by 5 pct in January Volume decreases 3 percent, led by decline
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Productivity developments in the Greek public and private sector
AgoraIn Blog 5 for Macropolis, we demonstrated that in Greece the government employment trend... sector (what blog 5 was all about). The combination of these two pieces of information, real GVA... is always higher in level than total economy productivity. Productivity levels for the public sector
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GDP rises by 4.4 pct QoQ in Q1 and falls 2.3 pct YoY
EconomyMacroeconomy, growing 2 percent QoQ. Compared to Q1 2020, exports fell 13.4 percent while imports dropped 5... 91.4 percent of the total figure in Q1, with private consumption representing 75.9 percent of all final.... The IMF sees a rise of 3.8 percent in GDP for 2021, followed by a further recovery of 5 percent in 2022
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Alpha Bank turns profitable in Q1 as last year's clean-up efforts pay off
EconomyBankingpercent a year ago. The NPE stock was marginally below 5 billion euros at the end of Q1, from 21.3... euros last year. NII also dropped QoQ in Q1 by 5 percent, from 298 million euros in Q4. The net... valuation. Recurring operating expenses dropped by 5 percent in Q1 2021 to 245 million euros. Loan loss
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Greece - Some structural macroeconomic arithmetic
Agora. Moreover, tax payers of partner EU countries have made available to Greece a total package (accrual) of 33... percent of GDP, an average nominal growth rate of 5 percent, and thus a debt ratio of 60 percent (3/5). But Greece cannot make an average nominal GDP growth rate of 5 percent, which would imply 2
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