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Newsletter 241 - 28/02/2020
-‘ credit rating, which is a prerequisite of participating in the Hercules scheme. The Hercules Asset... cost of credit risk. This cost consequently restricts the net profit margin of banks.” The bank went on to say that while credit risk had improved in recent years, the rapid reduction of the existing
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Airport redevelopment gets green light, leaving one prior action as lenders return to Athens
EconomyProgrammea precautionary credit line. “The precise arrangement at the time of the exit is a decision... to exit the programme. Also, the question posed to him was not just about a precautionary credit... again rejected the option of Athens opting for a credit line, saying that he does not think
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Despite strong annual growth, flow of loans to enterprises in Aug at lowest since Jan
EconomyMacroeconomyCredit movement in the Greek private sector gathered more pace in August, rising by 5.8 percent... (BoG) figures released on Tuesday showed. The growth in credit expansion had remained broadly stable... the highest credit growth since before the great deleveraging in the Greek banking sector because
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Newsletter 21 - 27/03/2015
adjustment of objective property prices that is not expected One minister suggested increasing reduced VAT... challenging fiscal conditions. Local media note that the thorniest issues so far relate to changes in VAT and privatisations, where there are conflicting views within the government. On VAT rates, Alternate
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This is how Greece kept its budget on track in Q1
AgoraOn the revenue front, the target for January was exceptionally high as it was initially due to include VAT... the pre-election period as well the postponement of the VAT payment by one month had a marked impact on the revenue underperformance of that month. VAT payments in February did not result to any
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Greece submits proposals to lenders in hope of paving way for agreement
EconomyProgrammekey proposals: VAT The Greek proposal agrees the institutions’ proposal for a super-reduced VAT rate... and water (excluding sewage), while all other products and services will have a VAT rate of 23 percent... the VAT on islands, the government proposes the elimination of the 30 percent discount by the end
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Newsletter 43 - 18/09/2015
to the imposition of a 23 percent VAT rate on tuition fees at private schools and tuition centres, a measure voted in the Greek Parliament on August 13 to counterbalance the lowering of the VAT rate on beef. According to the General Accounting Office, this particular VAT revenue is anticipated to raise
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New overdue taxes climb by 1.4 bln in October, total stock reaches 93.9 bln
EconomyMacroeconomykey taxes, namely VAT, corporate income tax and single property tax (ENFIA). In specific, VAT... billion of monthly unpaid taxes. Four key taxes (VAT, personal and corporate income tax and ENFIA) created a revenue gap of 3.32 billion in the 10-month period, of which around 1.5 billion relates to VAT
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New overdue taxes rise by 890 mln in Nov, total stock up to 94.2 bln
EconomyMacroeconomyof overdue debt created in November stemmed from four key taxes: VAT, personal and corporate income tax... to a collectability rate of 67.3 percent, which is the lowest rate among the four key taxes in November. VAT... of 1.06 billion due. The VAT collectability rate stood at 82.4 million. The ENFIA revenue gap
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Mandatory e-payments come into force as Greece seeks to boost card use further
EconomyFeaturesto combat tax evasion and boost VAT revenues. Paying by card has historically been unpopular in Greece..., and the consequences in terms of bringing in more tax revenues, especially VAT, were clear. According... for, a sharp rise in VAT collections could be tied to this increase in card payments, the BoG noted
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