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New overdue taxes rise by 428 mln in June, total stock above 102 bln
EconomyMacroeconomymonth-on-month in June. The VAT collectability rate increased to 89.3 percent in June, the highest level for the year so far. May’s VAT collectability rate had stood at 85.2 percent. The amount of VAT... basis, the VAT collectability rate came to 83.8 percent for the first six months of the year
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Parties' competing tax pledges come up against challenging reality
EconomyFeatureshas declined at an even higher rate. Around 82 percent of all income declared in 2017 came from... the current tax-free threshold between 8,636 and 9,545 euros. The tax rate: Greece currently applies a banded tax rate, with a base rate of 22% percent on income up to 20,000, topping out at a marginal rate
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Overall loan interest remains at 4.34 pct in December
EconomyMacroeconomyThe overall weighted average interest rate on all new loans to households and non-financial... percentage points from 4.15 percentage points in November. The overall weighted average interest rate on all... was almost unchanged at 3.78 percentage points. The average interest rate on consumer loans without
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Overall loan interest drop to 4.30 pct in February
EconomyMacroeconomyThe overall weighted average interest rate on all new loans to households and non-financial... average interest rate on all existing loans dropped by 2 bps to 3.95 percent. The spread between... interest rate on consumer loans without a defined maturity, which includes credit cards, open account loans
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Overall loan interest drops to series low of 4.06 pct in March
EconomyMacroeconomyThe overall weighted average interest rate on all new loans to households and non-financial... in the previous month. The overall weighted average interest rate on all existing loans dropped by 5 bps... to 3.75 percentage points. The average interest rate on consumer loans without a defined maturity
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Overall loan interest at 4.05 pct in April, hitting new series low
EconomyMacroeconomyThe overall weighted average interest rate on all new loans to households and non-financial... weighted average interest rate on all existing loans dropped by 2 bps to 3.88 percent. The spread.... The average interest rate on consumer loans without a defined maturity, which includes credit cards, open
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Signs of optimism in Greek banks' Q2 results but NPL challenge lies ahead
Agora, similar to the rate posted in Q1. At the same time, the stock of non-performing exposures (NPE... an improvement in the deposit cost. It is worth noting that the new time deposit rate in the Greek market... of Q2 results, two banks guided for a 10-20 basis points reduction in the new time deposit rate
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Reflections on Greece's balance of payments
Agorain the BOP can be influenced by exchange rate movements. Since all 19 euro area countries use the same currency, there is no exchange rate factor that distinguishes one member from another. All face the same exchange rate. The data presented are measured quarterly. We compute a moving sum of four quarters
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Loan and deposit rates edge down in May but remain above euro area average
EconomyMacroeconomyFollowing a drop by 10 basis points (bps) in April, the interest rate on households’ new time... to date reduction stands at 30 bps, while the current rate is half the record high of 5 percent posted... deposit rate is gradually falling, it remains more than 100 bps above the respective euro-area average
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New overdue taxes rise by 489 mln in Mar, total legacy and new debt at 104.5 bln
EconomyMacroeconomyat 2.51 billion euros compared to 2.04 billion in February. The VAT collectability rate rose to 91.5... from 1.10 billion in the previous month. On an aggregate basis, in Q1 the VAT collectability rate came... The collectability rate for the month edged down to 58.2 percent from 60.4 percent in February. For the first
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