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Parties' competing tax pledges come up against challenging reality
EconomyFeaturesof national elections which are now scheduled for July 7. Lowering the tax-free threshold in 2020 has... an increase of 7 percent in the number of declarations over 2012. However, total taxable income fell... growth with business-friendly policies, but also plans to raise 2 billion euros from cost-cutting
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Eurozone set to give next govt until Sept to address fiscal issues
EconomyProgrammeThe new Greek government formed after the July 7 elections is unlikely to have to face probing... minister will have to address after the July 7 elections. Reforms The European Commission is asking... it macroeconomic imbalances by completing its reforms, and 2) Concentrate its investment policy
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Newsletter 211 -21/06/2019
at the next election (after July 7). ND also wants to address the potential problems created by the use... that the only televised leaders’ debate ahead of the July 7 vote election will be held then. SYRIZA had been... of law 4575/2018) and increased PIB expenditure by 372 million euros. 2 Current account deficit drops
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Travel balance up by 7.8 pct in May, aggregate visitors edge down 0.9 pct
EconomyMacroeconomyfive months of the year. Arrivals from euro-denominated countries fell by 4.9 percent to 2 million... by SETE. Early in 2019, the INSETE noted that tourist arrivals could drop by up to 7 percent in 2019... accounted for 79 percent of tourism revenue in 2018, a drop of 7 percent in international arrivals
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From a tsunami of debt to some sense of normality
AgoraManagement Agency (PDMA) had a provisional goal of issuing a total of just 7 billion euros of new debt... repayments of roughly 2 billion over the next three years. Greek government bonds after the PSI.... Halfway through the year, the PDMA has achieved its goal. It has issued three bonds of 5-, 7
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BoG awaits go-ahead from DG Comp over NPL scheme
EconomyBankingvalue of 40 billion, banks have around 24 billion euros in provisions. DTCs total around 7 billion... minus provisions of 24 billion euros. At the same time, the SPV will receive 7 billion euros...-performing residential mortgage loans. The portfolio carries a gross book value of 2 billion euros and has
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Travel balance rises 15.7 pct in June, aggregate visitors drop 0.5 pct
EconomyMacroeconomyto 7 percent in 2019. The study noted that based on scheduled flight seats booked for 2019 in 18 regional airports which accounted for 79 percent of tourism revenue in 2018, a drop of 7 percent..., international arrivals by air rose by 2 percent. In the aggregate period, arrivals rose by 4.4 percent
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H1 bank results show performance stabilising, laying ground for further improvement
EconomyBankinga fall of 7 percent YoY. The cost-to-income ratio stood at 53 percent on a recurring basis for H1... fell by 7 percent YoY to stand at 408 million euros in H1. Alpha Bank’s net fee and commission.... Piraeus Bank’s NIII rose by 2 percent to 719 million, while Eurobank’s figure dropped by 3.6
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Turnover in tourism rises by 12.9 pct in Q2
EconomyMacroeconomyby air rose by 2 percent. In the aggregate period, arrivals rose by 4.4 percent year-on-year. Early in 2019, the INSETE noted that tourist arrivals could drop by up to 7 percent in 2019. The study... for 79 percent of tourism revenue in 2018, a drop of 7 percent in international arrivals can be expected
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Govt lays out recovery plan to October, launches tourism roadmap
PoliticsGreek Politicsis costed at a total of 24 billion euros, combining fiscal measures and guarantees, of which 7 billion...-payment refunds to businesses worth a total 2 billion euros, tax breaks for landlords. Liquidity to businesses will provided through a range of schemes, including 7 billion euros of loans backed
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