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  1. Budget execution improves significantly in Oct, primary surplus reaches 4.53 bln

    EconomyMacroeconomy

    income tax fell by 1 percent to 922 million. Total ENFIA revenues are targeted at 2.65 billion euros... million) 5) Grant to the Intergenerational Solidarity Fund (AKAGE) (at zero versus FY target of 454... in the 10-month period to 5.33 billion, in line with target. Overall, total expenditure fell by 4.8 percent

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  2. Newsletter 59 - 22/01/2016

    Newsletters

    their total tax and SSC burden to more than 80 percent of their net income. A joint committee... market value. HRADF said the total value of the transaction would reach 1.5 billion, when revenues..., for example, there are dozens of interpretations about what the point of the July 5 referendum

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  3. Multi-bill tabled as Greece aims to take last step to completion of review

    EconomyProgramme

    of the public sector attrition rule from 1 hiring for 5 departures in 2016 to 1:4 in 2017 and to 1:3... of the actual fiscal outcome for the prior year with the agreed target, depicts the total amount... will be imposed automatically by cutting with a similar rate of the total budget expenditure excluding

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  4. HRADF's updated plan for 19 privatisation projects published
    Photo via Flickr https://flic.kr/p/9SDyrr

    Economy

    for development and management of the total area of 6 million square meters for 99 years. The cash.... The process for the sale of a 67 percent stake (of the total 74 percent owned by HRADF) in Thessaloniki Port... Institute (IKA). A 5 percent stake is due to be transferred by the state to HRADF, which will be sold

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  5. Technical MoU provides more detail on fiscal brake, arrears and privatisations

    EconomyProgramme

    downward adjustment to discretionary expenditure categories will not exceed 5 percent of each... the calculation of the general government primary cash balance and the total adjustment will not exceed 0.2... Commission, a total amount of 4.3 billion this year and another 2.3 billion for 2017 are scheduled

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  6. ELSTAT publishes data on bankruptcies since 2004, showing deterioration during crisis

    Economy

    up 5 percent of total bankrupt firms. ELSTAT figures also showed that for an average annual number of 130 claim verifications in the 2004-2014 period, the total level of indebtedness stood at 470

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  7. Budget execution to Aug shows 3.8 bln primary surplus, 2.8 bln better than target
    Photo by MacroPolis

    EconomyMacroeconomy

    and the Ionian), beating the monthly targets by 50-170 percent that led to an outperformance of the total monthly figure by 9 percent. Moreover, despite falling by 5 percent in August consumption taxes rose..., total expenditure fell by 2.7 percent to 3.69 billion euros in August. It edged up 1.7 percent

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  8. Draft budget sees primary surplus at 1.8 pct of GDP in 2017, revenue interventions of 2.5 bln

    EconomyMacroeconomy

    was granted in July and August, while arrears of 1.44 billion in total (including tax refunds... on energy products (440 million) 4) Increase in the VAT rate from 23 to 24 percent (218 million) 5... pensions (265 million) 3) Granting social allowances for a total amount of 871 million in 2017, which

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  9. Report reveals institutions’ views on labour market reforms

    EconomyProgramme

    . The institutions also want the cap on mass layoffs to increase from 5 to 10 percent of the total workforce..., in ensuring representation of the total number of employees and the application of lockouts

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  10. Athens and lenders left with gap to bridge ahead of Eurogroup
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    of financing pension system deficits and not total spending. The comparable figure for Greece is around 5... the implementation of the new pension law last year, total state financing of pensions is projected

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