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  1. New overdue taxes rise by 857 mln in November, total legacy and new debt at 105.5 bln
    Photos by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    82.2 percent in October. The aggregate rate of collectibility came to 80.7 percent. The IAPR has set..., softening from the rise of 972 million seen in the previous month. The VAT collectability rate... , declining from 1.39 billion in the previous month. On an aggregate basis, the VAT collectability rate

    12%

  2. New overdue taxes rise by 235 mln in May, total debt at 104.5 bln
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    the Independent Authority of Public Revenues (IAPR) has shown. The aggregate figure for the first five... to 2.93 billion euros compared to 2.73 billion in April. The VAT collectability rate increased to 86.3... of the year, the VAT collectability rate came to 84.2 percent, with 4.55 billion paid out of 5.40 billion

    12%

  3. Greek loan rates remained well above euro area average in October

    EconomyMacroeconomy

    The interest rate on households’ new time deposits was further reduced by 14 basis points (bps...-to-date (YtD) time deposit rate contraction to 88 bps, largely reflecting changes in the last seven..., while T-Bill yields remained broadly stable. During the recent crisis years, time deposit rate peaked

    12%

  4. Minor movements in Greek deposit and loan rates in April

    EconomyMacroeconomy

    , and despite the extended outflows of 31.5 billion euros, the time deposit rate has remained at its lowest...The interest rate on Greek households’ new time deposits eased by 1 basis point (bp) to 1.82... around 98 percent of market deposits Although the time deposit rate in Greece is close to its

    12%

  5. New overdue taxes rise by 1.25 bln in Dec, total for 2018 at 106.62 bln
    Photo by MacroPolis

    EconomyMacroeconomy

    noted in the previous month. The VAT collectability rate rose to 86.7 percent from 81 in December.... On an aggregate basis, the VAT collectability rate for 2018 stood at 83.6 percent with 10.12 billion paid out.... The collectability rate for the month fell to 64.4 percent. Across 2018, the income tax collectability

    12%

  6. PDMA sets 2020 goals to build on improving conditions for debt
    Photo by Panayotis Tzamaros/Fosphotos

    Economy

    are in negative territory. The investor base has broadened, attracting more long-term investors, especially insurance and pension funds, while Greece’s rating has been upgraded by two major agencies: S&P..., this further compliments the fact that more than 90 percent of Greece's debt has fixed rates

    12%

  7. What this week's VAT changes mean for household budgets and public coffers
    Photo by MacroPolis

    EconomyProgramme

    the VAT hikes, yet this has not been confirmed at the moment. Similarly, the new VAT rate of 13 percent on hotels will also be effective as of October 1. However, since VAT rate on catering has been moved... included a large reshuffling of VAT rates. The new basic VAT rate was set at 23 percent, while

    12%

  8. Central Athens shop closures at six-year low, mixed picture in other commercial centres
    Photo by Pavlos Svoronos/Fosphotos

    EconomyFeatures

    A survey by the Hellenic Confederation of Commerce and Entrepreneurship (ESEE) has revealed that the number of shuttered shops in Athens’ city centre has dropped to its lowest level since 2012. The survey has been carried out every six months since 2010 and centres on several main commercial

    12%

  9. Unemployment drops to 18.1 pct in March
    Photo by MacroPolis

    EconomyMacroeconomy

    time last year, the unemployment rate came to 20.2 percent. Unemployment has continued to slowly fall...Greece’s seasonally adjusted (SA) unemployment rate stayed under 19 percent for an eighth consecutive month in March and came to 18.1 percent following a slightly downward revision of February’s rate

    12%

  10. Unemployment edges down to 16.9 pct, below 17 pct for first time since 2011
    Photo by MacroPolis

    EconomyMacroeconomy

    on Thursday. For the same time last year, the unemployment rate came to 19.1 percent. July’s reading is the first time that the unemployment rate has dropped under 17 percent since May 2011, when the reading...Greece’s seasonally adjusted (SA) unemployment rate came to 16.9 percent in July from a slightly

    12%