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Government opts for modest tax relief, but who will benefit?
EconomyFeaturesjust starting out who will be taxed at a lower introductory rate. The total cost of adjusting... to roughly 40 percent of total declared incomes. Business Also included in the tax package is a reduction... percent in 2021. Tax on dividends has been halved from 10 percent to 5 percent, at a total cost of 75
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Current account lands on deficit of 673.4 mln in October, aggregate at deficit of 697.4 mln
EconomyMacroeconomyYoY. Total exports in October came to 2.77 billion euros, from 3.02 billion last year, a drop exceeding 8 percent. At the same time, total imports reached 4.82 billion euros, from 5.43 billion euros... billion, from 18.97 billion in the ten months of last year. Total exports rose to 27.04 billion, from
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Current account posts deficit of 1.39 bln in November
EconomyMacroeconomy. Travel payments rose to 226.4 million, up by 38.9 percent. Total exports in November came to 2.64..., total imports reached 4.32 billion euros, declining by 7.4 percent YoY. On an aggregate basis, the C... months of last year. Total exports edged down to 29.68 billion, dropping by 0.8 percent. Imports
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Newsletter 238 -07/02/2020
is also in the works. The banks Galaxy portfolio represents a mixed portfolio, which carries a total... securitisations in the first half of 2020. 2 Unemployment at 16.5 pct in Nov Total employment reaches 3.91... or a rise of 2 percent. Total employment reached 3.91 million people. The overall labour force came
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Current account deficit more than halves to 2.57 bln in 2019
EconomyMacroeconomypayments rose to 246.3 million, down by 1.2 percent. Total exports in December came to 2.75 billion euros, from 2.46 billion last year, increasing by 11.7 percent YoY. At the same time, total imports reached... billion in 2018. Total exports edged up to 32.43 billion, up by 0.2 percent. Imports increased by 0.7
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Ministry urges borrowers to apply for home protection before scheme expires
EconomyBankingin the previous month compared to the end of 2019. In total, such proposals have risen from 402... nationwide, along with an online helpdesk. To date, a total of 19,305 borrowers have been served through... in the second half of the year by servicers. Seventy five percent of debtors received a haircut. Of the total
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Newsletter 246 -03/04/2020
security contributions for up to 2.4 million workers in total for 45 days. He added that the addition... another 1.4 billion. This means that the total cost of these measures for March and April will reach 5.1... pledged comes to a total of 6.8 billion euros, or around 3.5 percent of Greece’s annual GDP. Despite
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Current account shows deficit of 1.14 bln in February
EconomyMacroeconomyrose by 24.6 percent YoY. Travel payments came to 166.7 million, up by 1 percent. Total exports.... At the same time, total imports reached 4.32 billion euros, a rise of 1.3 percent YoY. On an aggregate... to the improvement of the non-oil balance of goods, while the oil balance increased by 11.8 percent YoY. Total
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Banks discuss with govt how to release up to 25 bln in emergency liquidity for businesses
EconomyBankingto normal operations as soon as possible. A total of 25 billion euros in loans, guarantees and subsidies.... Of the total, around 18 billion euros will be used to support businesses and 7 billion... releases 3 billion funds from the banks, which upon leveraging will total 30 billion. Minister
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Current account shows deficit of 1.10 bln in March as Covid-19 hits trade & travel
EconomyMacroeconomy. Travel payments came to 60.5 million, down 75.7 percent. Total exports in March came to 2.40 billion euros, from 2.70 billion last year, falling by 11 percent YoY. At the same time, total imports reached... in turn. Total exports rose to 7.65 billion, a slight decrease of 0.6 percent. Imports decreased by 3.3
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