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Central bank points out signs of recovery in business lending
Economywas lower than the aggregate figure, dropping by 0.6 percent in 2018, from a 0.1 percent drop... than 500 SMEs which employ less than 250 staff, access to credit is still considered one... to 17 percent, down from 23 percent in the same period in 2017 and substantially lower than
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Greece tax wedge rises two places to 13th highest among OECD countries, report finds
EconomyFeaturesthan for a worker on the same income without children in most OECD countries due to the provision... percent in 2017 to 40.9 percent in 2018, which is notably higher than the OECD average tax wedge in both... pps, which is slightly lower than the OECD average increase of 0.6 pps. The bulletin also looked
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Budget primary surplus at 1.46 bln in Mar, beating target by 2.42 bln
EconomyMacroeconomyperiod, higher than their target by 54 million euros. Compared to the same period last year, the three... in the aggregate period, above target by 1.35 billion euros, and 8.2 percent higher than for the same... months of the year, expenditure came to 12.75 billion, landing 1.01 billion lower than target. The MoF
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Overdue social security contributions rise to 34.79 bln in Q4 2018
EconomyMacroeconomy) revealed. Until the end of 2016, KEAO was fed by overdue contributions of more than 5,000 euros from... of debtors owe less than 15,000 euros each for an aggregate amount of 3.79 billion euros (10.9 percent... than that for the relevant period in 2017, and represented a rise of 28.6 million QoQ. Overall, KEAO
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S&P keeps rating at 'B+' and highlights obstacles to competitiveness
Economy, or if growth is significantly weaker than expected, which would restrict Greece's fiscal... that is held by the private sector is less than 20 percent of total Greek debt, or less than 40 percent... lower than the average cost of refinancing for the majority of sovereigns in the 'B' category
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Primary surplus confirmed at 1.44 mln in Mar
EconomyMacroeconomy, higher than their target by 54 million euros. Compared to the same period last year, the three-month... in the aggregate period, above target by 1.33 billion euros, and 0.8 percent lower than for the same time... than target. The MoF noted that the difference was largely due to appropriations of 982 million
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Newsletter 204 -03/05/2019
resign rather than lower the threshold. Neither party wants to be seen supporting the intervention... or 12 percent. Tax refunds rose to 962 million euros in the aggregate period, higher than their target... target by 1.33 billion euros, and 0.8 percent lower than for the same time last year. Primary
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Fears and reassurances over PPC's dire finances
EconomyFeaturesform of privatisation. When still in opposition rather than government, Alexis Tsipras, was against... impact of dirty energy is more apparent than ever. A second tender is underway and binding offers... in Europe, noting that for PPC, net debt is 8 to 9 times higher than earnings, while the average
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Tsipras tries to entice voters with VAT cuts and pension bonuses
![Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]](resources/toolip/img-thumb/2014/08/18/zappeio_myrto_1808-medium.jpg "Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]")
PoliticsGreek Politicsthan 1,000 euros, the rate will be 30 percent. “Fiscal policy is becoming more of an ally for growth than it has been in the past,” said Economy Minister Yiannis Dragasakis, who was also present... of these earn less than 500 euros a month) and that the legislation to be submitted to Parliament
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Banks focus on reducing NPLs linked to property
EconomyMacroeconomy. As banks put sales rather than write-offs at the forefront of their NPL reduction strategy, real estate... for more than half of long term restructurings in 2019–2021. The total sum involved is estimated at 1.4... for protections and the residual mortgage. So, properties will have to be worth less than 250,000 euros, while
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