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Newsletter 70 - 15/04/2016
of 3.5 percent in 2018 that would be covered by interventions in the pension system (1 percent), personal income tax (1 percent) and a series of parametric measures (1.2 percent). The draft IMF... pension reform (1 percent) and personal income tax (1 percent) as well as from VAT reform and the wage
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Tsipras sails through multi-bill vote, looks to disbursement and debt relief
PoliticsGreek Politicsall of his 153 MPs support the legislation despite it containing another 1 percent of GDP in tax.... Other late changes saw the tax on beer increase from June 1, 2016 (instead of of Jan 1, 2018) and a broadband levy introduced from Jan 1, 2017 (instead of Jul 1, 2017). However, Tsipras saved the most
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Greece agrees package of measures with IMF, eurozone to seal review
EconomyProgrammeas the pension cuts and reduction in the tax-free threshold yielding 1 percent of GDP each in 2019 and 2020... involve spending increases in 2019 and tax relief in 2020 to the tune of 1 percent of GDP each... to net pension savings of 1 percent of GDP in 2019 by extending the rules of last year’s pension
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Newsletter 144 -15/12/2017
Democracy by 2.5 points since the last survey in June. Support for New Democracy rose by 1 point to 30.7... production index (+1 percent). The water supply production index fell by 2.6 percent, and the manufacturing... from non-euro countries within the EU increased by 1 percent to 1.01 billion. According to SETE’s
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Newsletter 157 -30/03/2018
will be released on Wednesday, with another 1 billion to follow for arrears clearance after May 1... pensions (and possibly cutting the tax-free threshold for incomes) by 1 percent of GDP in 2019.... Credit contraction at 1 pct in Feb Monthly figure driven by lower household and corporate lending
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Athens aims for November agreement with lenders on pension cuts
EconomyProgrammeto ensure that the 1 percent reduction in pension spending is not implemented. To Vima reported... agreed with the lenders that as of next year there could be a 1:1 ratio for hirings and departures in the civil service, as opposed to the 1:5 ratio that has been in place for the past few years
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Newsletter 222 -04/10/2019
Thomas Cook for 1, 2 and 3 star hotels came to an average of 48 percent of overall turnover... that for every 1 euro of tourism revenue generated in Greece, another 2.50 euros is generated indirectly..., with substantial losses in turnover and bankruptcies expected, the HCH said. Hotels with 1 star were estimated
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Piraeus Bank posts net profit of 44 mln in Q3 from continued operations
EconomyBanking(NII) dropped by 1 percent QoQ to 353 million euros, representing a rise of 1 percent year-on-year... (project Phoenix), with a time frame to completion in H1 2020, along with 1 billion commercial... As mentioned, NII stood at 353 million euros, down by 1 percent QoQ and representing a rise of 1 percent
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Piraeus Bank posts pre-tax losses of 133 mln in 9M
EconomyBanking) in Q3 stood at 81 million, an increase of 1 percent YoY and unchanged QoQ. The main contributors... to 234 million (-1 percent YoY) including the asset management fee paid to the NPE servicer.... Capital The Common Equity Tier 1 (CET1) ratio of the group in 9M came to 14.1 percent, while the total
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Greece - On the importance of productivity growth
Agora, on average. Table 1 presents key statistics to support our bearings. The population data come from... the 1970s onwards.[1] All industrial countries show this pattern. This development is not particular... of productivity growth recovering to around 1 percent a year. We also accept this assumption for Greece. [2
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