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Newsletter 32 - 26/06/2015
revenues of 1 percent of GDP (1.8 billion euros) on an annual basis, while Greece sees them at 0.93... 1 July along with the other VAT The lenders’ proposals will burden Greek shipping and tourism... parties agree on permanent savings of 0.25–0.5 percent of GDP in 2015 and 1 percent on a full year basis
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Central gov’t debt rises to 321.3 bln in Q4, financial aid loans at new high of 220.4 bln
Economy: a) the disbursement of the two bailout sub-tranches of 2 billion euros on November 24 and 1 billion..., largely attributed to the FSM loans, while the remaining 20 percent is almost equally split between short-term (up to 1 year) and medium-term (1 to 5 years) debt. Greece’s cash deposits advanced
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Government tables amendments with aim of securing bailout tranche within days
EconomyProgrammegrant (EKAS), where the new criteria resulting in 20 percent fewer pensioners being eligible will apply as of June 1 instead of January 1. This means that there is no issue any more... savings are legislated until September 30, 2016 and implemented as of January 1, 2017. The multi-bill
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Adult skills in Greece lacking, indicates OECD survey
Societyby the Paris-based organisation has found. Only about one in 20 adults in Greece attain the highest levels... adults (26.5 percent) in Greece are proficient at or below level 1 in literacy (compared to the OECD average of 18.9 percent) and almost 28.5 percent score at or below level 1 in numeracy (6 percentage
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Newsletter 92 - 14/10/2016
by the Hellenic Statistical Authority (ELSTAT) on Monday showing that the Consumer Price Index (CPI) fell by 1... the previous month in August after decreasing by 1 percent in July. Overall, despite the modest decline... in electricity production, which makes up just over 20 percent of the total index. Mining and quarrying
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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
EconomyMacroeconomythat the NPL ratio is expected to drop by 18 percentage points (pp) from 38 percent in June to 20... and 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
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Newsletter 105 - 03/02/2017
and its lenders in place by the February 20 Eurogroup. This would mean the institutions’ mission... 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
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IMF examines how Greece accumulated large pile of unpaid taxes and contributions
EconomyProgrammeof the total figure. In contrast, 1 percent of debtors owe more than 1 million euros each, accounting for 80... that the respective debt stands at more than 20 billion or about 12 percent of GDP, with the bulk... remains very low at around 1 percent, while the lion’s share of SSC could be considered uncollectible
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Greece, lenders tie up some loose ends and continue negotiating
EconomyProgrammea sharp reduction in the tax-free threshold and cuts in main pension yielding savings of 1 percent... of 1.8 billion euros (1 percent of GDP). The government proposed a reduction in the lower tax rate from... of both measures and counter-measures as of January 1, 2019. However, this is subject to Greece
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