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Newsletter 48 - 23/10/2015
participation can be expected in the second half of November. Few lessons learnt in school VAT mess SYRIZA now... this week as the haphazard way in which the government handled the issue of imposing VAT on private... lenders, the coalition finally decided to apply a 6 percent VAT rate for private tuition schools
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Newsletter 87 - 09/09/2016
in July stemmed from personal income tax (336 million), VAT (157 million) and corporate income tax (62... month to hit 4.13 mln in July. The European Commission report on the VAT gap revealed Greece’s... million. VAT revenues edged up by 0.7 percent to 12.68 billion in 2014, while the VTTL (the estimated VAT
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Credit contraction slows to 1.5 pct in Sept on marked drop in corporate loan deductions
EconomyMacroeconomyBank credit contraction slightly decelerated to 1.5 percent in September from 1.6 percent in August... at 207 million with the 9-month figure close to 2 billion. The decline in consumer credit accelerated... million. Bank credit in the Greek market entered into negative territory for the first time
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Credit contraction slows again in Nov, falling to 1.3 pct on additions of 62 mln
EconomyMacroeconomyThe rate of credit contraction in the Greek market decelerated to 1.3 percent in November from 1.6... credit expansion of 0.2 percent from last year for the first time since August. Despite the recorded... almost 2.2 billion. The lending flow in the consumer credit sector remained modest with net deductions
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Technical talks progress but debt relief, credit line continue to grate
EconomyProgrammecredit line after the programme ends in August. Monday’s meetings reportedly focussed on electronic... of whether the Fund will take part in the programme has to be put to its board soon. Credit line The discussion about Greece seeking a precautionary credit line to provide it with a safety net once
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Credit growth slows to 5.3 pct in Oct amid first outflow since Jan
EconomyMacroeconomyCredit movement in the Greek private sector slightly slowed in October, rising by 5.3 percent year... released on Monday showed. The growth in credit expansion had remained broadly stable after reaching... credit growth at levels not seen since August 2009, when it increased by 6 pct, before the debt crisis
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Government opts for modest tax relief, but who will benefit?
EconomyFeatureschild may feel slightly short-changed with just 364 euros of extra tax credit, however the figure increases to 1,000 from the second child upwards. There is a catch, however, as the tax credit tapers... credit. Dropping the base tax rate from 22 percent to 9 percent has made for big headlines in terms
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Credit origination and transmission: Are Greek banks part of the problem or the solution?
Agoracredit to the private sector declined by 3.9 per cent year-on-year. The pace of credit contraction... constraints and new credit transmission channels As graph 2 (below) underlines, the total volume... in Dublin in late 2009 in response to the widening financial crisis and the bursting of the credit
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Greek deposits down 0.3 pct in Feb, credit contraction stable
EconomyMacroeconomyattributed to higher interbank lending. Credit contraction The year on year (YoY) credit contraction... non-performing loans and the ongoing recession are the key reasons for the continued negative credit.... Similarly, consumer credit retreated 3.4 percent to 28.16 billion, with net deductions at 109 million
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Greek credit contracts again in April but at slightly lower rate of 3.7 pct
EconomyMacroeconomyThe year on year (YoY) credit contraction in the Greek market decelerated to 3.7 percent in April...) and the remaining to household lending (182 million). The credit breakdown shows that loans to individuals..., consumer credit contracted 2.9 percent to 27.94 billion with net deductions narrowing to 36 million
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