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Report shows Greek tax burden increased in 2015, remaining above OECD average
EconomyMacroeconomyincreased further by 1 percentage point (pp) to 36.8 percent of GDP in 2015 and remained above..., higher growth rates compared to the Greek ratio increase of 1 pp were recorded by Mexico (2.3 pp) and Turkey (1 pp). It is worth noting though that excluding social security contributions, the Greek
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Bank of Greece reveals lenders' NPE challenge and sets out path to recovery
EconomyMacroeconomyand shipping just 1 percent. In addition, the consumer and housing loan portfolios will contribute..., 1 percent better than the target of 106.9 billion, while the respective ratio stood at 51 percent... billion, while the respective ratio of 38 percent was 1 pp above target of 37 percent.
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Time deposit rate edges down to 0.76 pct, loan rate spikes to 5 percent
EconomyMacroeconomynew deposits marginally down by 1 bp to 0.37 percent, which is also a new historic low since 2002... for amounts over 1 million euros, where the interest rate climbed 97 bps to 4.91 percent and more than... and 1 million euros remained almost flat at 5.33 percent. Following the evolution in October
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Capital controls trigger big rise in card use and VAT revenues, Bank of Greece data shows
EconomyMacroeconomy2016, while the effective rate is estimated to have increased by 1 percentage point due... in the share of private consumption expenditure via plastic money by 1 percentage point results in an increase in VAT revenues by 1 percent in the first year and up to 6 percent over the long-term. Moreover
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Minor fluctuations in deposit and loan interest rates in December
EconomyMacroeconomyGreek households’ new time deposit rate edged down by 1 basis point (bp) to 0.70 percent... and 1 million euros increased by 22 bps to 5.06 percent, while that for lower amounts dropped by 14 bps to 5.28 percent. In addition, the interest rate for amounts above 1 million euros slightly
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Newsletter 105 - 03/02/2017
proprietors eased by 2 bps to 7.34 percent. The new time deposit rate of Greek households slipped 1 basis... loans showed mixed trends, as the rate for loans between 250,000 and 1 million euros rose by 22 bps..., namely construction confidence (-7.8 points) and consumer confidence (-1 point). Over last twelve months
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IMF sees much scope for reform progress, particularly on tax in Article IV report
EconomyProgrammein 2019 and 2 percent in 2020, while long-term growth is expected at around 1 percent. Under an adverse scenario with no further policy reform implementation, GDP growth is seen at 1 percent..., the personal income tax rate to 15-20 percent and the top VAT rate of 24 percent by 1 percentage point
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Tsakalotos and Stournaras raise objections to IMF assumptions
EconomyProgrammeits long-term growth assumption from 1.25 percent to 1 percent, which is an oxymoron, according... Greece’s fiscal outperformance in 2016 and reduction in long-term growth rate from 1.25 to 1...”. Stournaras stresses that Greek banks’ Common Equity Tier 1 (CET1) ratio stands at 18 percent, while
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Newsletter 106 - 10/02/2017
government (GG) primary cash surplus rose by 1 billion to 5 billion euros in 2016 from around 4... of the index, fell by 1.9 percent, while water supply production also declined by 1 percent. The seasonally adjusted IPI rebounded 2.2 percent from the previous month, after retreating by 1 percent
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Stable deposit rate in Jan, slight uptick in loan rate
EconomyMacroeconomyThe new time deposit rate for Greek households fell by 1 basis point (bp) for the second straight... reflecting a similar rise in that for amounts above 1 million euros to 4.72 percent. The respective... between 250,000 and 1 million euros edged down 5 bps to 5.01 percent. Following the slight changes
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