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If rising card use in Greece meets EU average, VAT revenues would see 3.3 bln boost - study
EconomyMacroeconomyEnhanced credit card usage in Greece could capture revenues that exceed the annual inflows from the single property tax (ENFIA), a study by the Foundation for Economic and Industrial Research (IOBE... and led to at least 50 percent of total annual VAT revenues increasing in 2017. IOBE notes that if card
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Newsletter 170 -13/07/2018
indications that the SYRIZA-led government is willing to challenge the country’s position... for NBG’s covered bonds is four levels higher than that for the country’s overall credit rating
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Piraeus Bank posts net profit of 94 mln in Q3 and 40 mln in 9M
EconomyBankingwith secured shipping loans, and Project Iris which concerns unsecured personal loans and credit cards... 3 which led to lower accruing balances. This was offset by deposits picking up and the reliance
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SYRIZA and ANEL: Far from picture-perfect
Agorafailings that had led to Greece’s crisis, as well as the policies adopted to get the country out of its... came instead from some opposition MPs, who also deserve credit for theri stance. The defence
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IMF outlines areas in which Greece needs further reforms, where it should apply caution
EconomyProgrammepotential of 1.2 percent from 2022. In the near-term, growth will be led by private consumption... vulnerabilities and a risk in Greece achieving higher levels of growth in the absence of effective credit
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OECD lowers growth forecast, warns Athens to maintain fiscal credibility
EconomyMacroeconomythat last year’s 1.9 percent economic expansion was the highest since the crisis, led by growth in exports.... On the other hand, bank lending in some sectors along with credit demand are growing while the cost
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SYRIZA seeks to recover from election shock, ND prepares for power
PoliticsGreek Politics. “The anti-SYRIZA front being led by Mitsotakis cannot include direct or indirect sponsors from the left... the outcome of the European elections accurately. The credit for the party’s forecasting has been given
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Newsletter 209 -07/06/2019
authorities announced their intention not to implement the pre-legislated income tax credit package, which... seen in the survey's history. This led to a marginal fall in the backlog of work. Manufacturers
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Newsletter 211 -21/06/2019
of total loans, down from 47.2 percent. Greek credit institutions also managed to eliminate.... The 12-month trailing index grew by 9.3 percent. The month’s performance was led by an increase
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Fitch leaves rating unchanged, notes recovery potential and tricky fiscal balance
EconomyFitch kept its credit rating for Greece unchanged at ‘BB-‘ with a stable outlook on Friday night. Fitch upgraded Greece in August last year. Its rating is one notch ahead of the other two leading... access with the yields falling sharply after the July elections, which led to the latest bond of 2.5
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