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  1. Notable increase in grants to social security sector leads to budget primary deficit in Nov

    Economy

    to 1.23 billion in November, grants to hospitals jumped to 388 million in November from a total.... Despite the notable over-performance by 806 million in November, the December total revenue figure... to 5.58 billion, which is slightly below target of 5.65 billion. Overall, total expenditure fell

    16%

  2. Pension reform brings painful overhaul in social security contributions for self-employed

    Economy

    for supplementary, 6.95 percent for health and 4 percent for lump-sum. This brings the total SSC rate... the total tax and contributions burden well above 80 percent of their income. In an effort to appease... an upper limit on the sum of tax and contributions, thus alleviating the total burden on self-employed

    16%

  3. Where things stand on the Greek pension reform proposals
    Photo by MacroPolis

    EconomyProgramme

    for a 3-year period by a total of 1.5 percentage points (pp), 1 pp for employers and 0.5 pp for employees... earnings of each employee for the total number of working years after applying a progressive replacement... with a total social security and tax burden above 80 percent of their income. A committee with experts

    16%

  4. Newsletter 60 - 29/01/2016

    Newsletters

    rose at an accelerating pace by 1.65 billion in December to reach a total of 13.5 billion for the year... in Greece during the year. They had saved a total of 1,322 people in 39 incidents. During 2015... relocated against a promised total of 66,400 over two years. Greece also deported 16,015 people

    16%

  5. Labour Ministry 2015 data shows increase in employment, marginal drop in average wage

    Economy

    employing a total number of 1.67 million employees in 2015. Three quarters of firms were employing up... of the total employees are concentrated. The breakdown by business activity showed 18 percent of firms were... in the retail trade, 10.4 in catering and food services and 10.1 percent in wholesale trade. The total number

    16%

  6. HFSF Q3 report shows 23 bln valuation losses in Greek banks
    Photo by MacroPolis

    EconomyBanking

    of the share valuation losses and the warrant gains resulted in total valuation losses of 8.27 billion.... During the 9-month period of 2015, the fund received a total amount of 208.7 million from the 12... in the domestic banking index since the imposition of capital controls, the market value of HFSF’s total

    16%

  7. Gov't offers improved terms to farmers in bid to break deadlock

    Economy

    and medium agricultural producers so the total tax and social security contributions will be lower than... free threshold of 9,000 – 9,500 euros (from zero at the moment) will be applied to farmers’ total... from farming makes up at least 51 percent (from 35 percent currently) of total income will fall

    16%

  8. Unresolved pensions issues complicate the fiscal front

    EconomyProgramme

    Center for Social Security Services (IDIKA) for July showed a total number of 2.66 million pensioners received a total monthly amount of 2.38 billion. Those pensioners received 4.56 million pensions... to surcharges and penalties. KEAO figures also showed that 12.4 billion or around 81 percent of total SSC

    16%

  9. Deposit outflows for second straight month in February, at 548 mln

    EconomyMacroeconomy

    Greece entered a period of political and economic turbulence, total outflows have reached 43.5 billion euros. Total deposits - which also incorporate general government (gg) as well as euro and non-euro... sector, the total deposit flow in February incorporates non-euro area residents and gg inflows of 179

    16%

  10. General government primary cash surplus triples to 3 bln by February, arrears climb to 6.1 bln

    EconomyMacroeconomy

    half of total gg arrears. Hospitals’ arrears are following suit at 1.09 billion accounting for 18 percent of total. In addition, tax refunds’ arrears stand at 658 million, state budget at 584 million... with bulk involving EFSF/ESM/IMF loans of 220 billion (68.5 percent of total). Bonds stand close to 60

    16%