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Jan-Feb budget primary surplus soars to 3.04 bln, aided by underspend and PIB revenues
EconomyMacroeconomy(PIB) revenues, which grew by more than 1 billion euros from last year, coupled with an increase... billion. Thus, we conclude that the total revenue outperformance is attributed to the non-tax...: 1) Grants to hospitals (at 156 million corresponding to 9.6 percent of the full-year target of 1.63
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Newsletter 111 - 17/03/2017
. The IMF has demanded a reduction in the tax-free threshold, aiming for additional revenues of 1... in December, to stand at 4.17 million in January. Overall, the total stock of overdue taxes, including... figure of 95.29 billion, mostly reflecting write-offs and revenue collection from confiscations. 2
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If rising card use in Greece meets EU average, VAT revenues would see 3.3 bln boost - study
EconomyMacroeconomylow at 20.1 percent in 2017 versus the 34.9 percent EU average. The report concludes that every 1... 1 ppt increase of card use as a share of private consumption increased VAT revenues by 1.4 ppt between 2015-2017. Total card use penetration had a significant positive effect on tax compliance
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Contraction of 0.1 pct in Q4 sees 2018 GDP fall slightly below target at 1.9 pct
EconomyMacroeconomyquarter (Q4) of 2018 after an upwards revised increase of 1 percent in the previous quarter... 89 percent of the total figure in Q4, with private consumption representing 68.1 percent of the headline GDP number. Government spending represents around 20.8 percent of the total. The latest budget
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Govt lays out recovery plan to October, launches tourism roadmap
PoliticsGreek Politics-payment refunds to businesses worth a total 2 billion euros, tax breaks for landlords. Liquidity... is costed at a total of 24 billion euros, combining fiscal measures and guarantees, of which 7 billion... connections. According to the plan, year-round hotels and campsites will open on June 1, followed
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Q1 unemployment at 17.1 pct amid drop in employed, rise in inactives
EconomyMacroeconomythree months or if they receive more than 50 percent of their remuneration. A total of 745,400 people... percent. The number of long-term unemployed (over 1 year) came to 434,900 people, (over 1 year) representing 58.4 percent of the total unemployed. Alarmingly, the largest portion, 178,100 has not worked
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Newsletter 303 - 02/07/2021
, maybe even with a bigger reduction. These measures have a fiscal cost of 2 billion euros, which will lead to the primary surplus estimates seen in the Medium-Term Fiscal Strategy dropping by roughly 1... during the pandemic (the total state backing during 2020 and 2021 is expected to reach more than 40
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SYRIZA zooms in on inflation, pandemic weaknesses to boost popularity
PoliticsGreek Politicswage to be raised to 800 euros. The 2 pct increase on January 1 took the basic gross monthly salary... last week that a second increase to the minimum wage would be adopted on May 1, SYRIZA seems to think... persistence. Another 106 Covid-related deaths were recorded on Tuesday, taking the total toll
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This is what the ECB’s comprehensive assessment tells us about Greek banks
Agorawere reviewed, while 11,826 collateral items with a total value of 21.44 billion were investigated. Capital needs From a starting point of Common Equity Tier 1 (CET1) capital of 25.8 billion in June... 1 billion in the baseline and 16 billion in the adverse stress test. This resulted in a capital
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Newsletter 94 - 04/11/2016
the tax credit to 1,600 euros (from its current 1,900 euros) with estimated savings of 1 billion euros... of around 1.8 billion in the last three months, the backlog has decreased by 1 billion, indicating.... In the corporate sector the interest rate for loans for amounts over 1 million euros decreased by 76 bps
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