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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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Newsletter 69 - 08/04/2016
reportedly slightly lowered the pension replacement rates for the first 15 working A Finance Ministry... and, consequently, slightly upped the relevant rates for those with more than 25 working years... and farmers. The two sides have converged on the new income tax scale and solidarity levy rates
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Multi-bill details how Greece aims to raise 1.6 bln from indirect taxes
EconomyMacroeconomy. In addition, following last year’s bailout commitment, the 30-percent discount on the VAT rates... for higher GGR. The government expects annual revenues of 54 million from this, while the new tax rates.... A restructuring of rates and base for car registration as of June 1 aims to fetch annual revenues of 30
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BoG proposes debt relief measures and lower primary surplus target from 2018
EconomyMacroeconomy) Inflation close to 2 percent until 2019 3) EFSF and ESM loan rates of 2.6 percent in 2020 and 3.5 percent from 2027 onwards 4) Greek Loan Facility (GLF) rates of 1.4 percent in 2020 and 3 percent as of 2027 5) Greek government bond (GGB) rates of 4.25 percent 6) IMF loan rates of 3.65 percent until 2020
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Travel receipts drop at an accelerating pace of 10.4 pct in May despite growth in arrivals
EconomyMacroeconomyof the incoming tourism flow displayed double-digit growth rates in arrivals from Russia (+18.9... posted low single-digit growth rates of 4.4 and 1.9 percent respectively. In contrast, arrivals from... their respective volume growth rates. On the other side of the spectrum, travel receipts from the UK
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Minor uptick in time deposit and average loan interest rate in June
EconomyMacroeconomylow since Greece’s euro accession in 2002. Loans Corporate loan rates for amounts less than 1 million... percent, while interest rates for higher amounts up to 1 million euros decreased by 10 bps to 5.07 percent. On the flipside, interest rates for corporate loans above 1 million euros edged up by 2 bps
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