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New unpaid taxes rising steadily, reach 3.5 bln in Q1
EconomyMacroeconomyagainst the legacy tax arrears in Q1 corresponds to more than one-third of the annual target of 1.7 billion, implying that this tax collection is currently better than target. At the same time, revenue... from audits on large corporations amounted to 106.5 million in Q1 corresponding to slightly less than
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Commission slashes 2015 Greek growth forecast to 0.5 pct, sees debt rising
Economybefore. The EC growth estimate for 2015 is lower than the latest Finance Ministry forecast of 1.4... anticipated in its winter forecasts. For 2016, investment growth projections have been more than halved..., the EC underscores that weaker-than-expected revenues due to lower growth prospects more than
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Car sales soar by 47.2 pct in April for 20th straight monthly rise
EconomyMacroeconomyin April, which is the highest reading since July 2011. More than 85 percent of April road motor... quarter) almost 10 percentage points higher than the rise of 18.7 percent posted... period of 2015 reached 29,060 in the first three months of 2015 with passenger cars making up more than
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General gov't primary surplus halves in Q1, arrears and guarantees jump
EconomyMacroeconomyThe general government (gg) primary cash surplus more than halved to 1.19 billion in the first... in February and stems from an increase in repos by 1.06 billion more than offset by payments to the IMF... guarantees more than doubled from the end-2014 figure of 60 billion. The year to date movement fully
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Greek DSA: Don't Say Anything about the debt
Agoraprojections are more optimistic than consensus and staff expects positive growth starting in 2014," says... surpluses of 2.5 percent of GDP up to 2022 takes the debt stock to more than 140 percent of GDP... the state keeps majority stake rather than outright sales. It also holds the view that proceeds from asset
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Finance Ministry wavers as revenues remain at the forefront
EconomyProgramme, bringing less than 20 million into public coffers. In 2010, the second repatriation law, with a tax rate of 5-8 percent, had a poorer outcome. Less than 150 million deposits returned to the Greek banking... are reportedly claiming that the new target of more than 600 million is too optimistic. Revenue collection
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Piraeus Bank brings Q1 2015 losses down to 69 mln
EconomyBankinglower than those reported in Q4 2014 of 332 million and in Q1 2014 of 247 million. The improving... time over the past four years. Pre-provision income (PPI) more than doubled quarter on quarter (QoQ... employees. Impairment losses declined by more than 46 percent QoQ and 42 percent year on year (YOY
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Greek GDP falls by 0.2 pct in Q1 as uncertainty impacts on investments
EconomyMacroeconomy. The disclosed figure is in line than the flash estimate announced by ELSTAT on May 13. Today’s... a cumulative drop of more than 24 percent since 2008. This mainly results from a nosedive... the past six years, investments tumbled by more than 62 percent with their contribution to GDP almost
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High levels of dissatisfaction among Greeks, Eurostat report shows
Societyand Portugal. However, Greeks were considerably more satisfied than their neighbours in Bulgaria... of 6.2 compared to the EU’s 7.3, Greeks were more satisfied than the Bulgarians, Italians... conditions more negatively than in northern and western EU countries was the most visible in Greece
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Newsletter 30 - 12/06/2015
with its lenders over the last few days have been more like a ride on the ghost train than a roller... is shattered, the economy is gasping for air and society is at a loss. The proposal contains more than 2.5 billion euros in fiscal measures over the next two years, which is more than the previous
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