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Athens Macedonian News Agency: News in English, 17-01-27
CONTENTS
[01] Council of State says ship owners must pay emergency 'social
responsibility' levy imposed in 2010
[02] Greek banks' deposits down in Dec, BoG says
[01] Council of State says ship owners must pay emergency 'social
responsibility' levy imposed in 2010
Greece's ship owners are obliged to pay a one-off "social responsibility"
levy imposed on them under the first Greek bailout programme in 2010,
according to a Council of State ruling that obliged a shipping firm to
pay the sum of 808,942 euros.
Greece's supreme administrative court reversed a lower court ruling
cancelling the shipping company's debt to the Piraeus tax office for ships
as contrary to the law. The levy was imposed in legislation passed in
2010 as part of the EU-IMF support programme for Greece. Among others,
the CoS justices noted that emergency levies had been imposed on the
shipping sector in the past, in other legislation passed in response to
emergency and extremely pressing fiscal needs, such as in 1974 after
the war in Cyprus, in 1978 after an earthquake in Thessaloniki and in
1985 as part of a programme to stabilise the economy.
[02] Greek banks' deposits down in Dec, BoG says
Greek banks' deposits fell to 121.4 billion euros in December 2016, from
124.8 billion euros in November, the Bank of Greece said on Friday. The
central bank, in a report, however, noted that these figures were not
fully comparable since the December figures for private deposits did
not include deposits held in the Consignment Deposits and Loan Fund by
the private sector (4.2 billion) and the General Government sector (2.9
billion). Moreover, as of December 2016 the deposits of the Hellenic
Deposit and Investment Guarantee Fund (2.1 billion) are not included in
the deposits of the private sector, but in the deposits of the General
Government (see also the above ELSTAT announcement).
In December 2016, the annual growth rate of total credit extended to
the domestic private sector stood at -1.5%, from -1.3% in the previous
month. The monthly net flow of total credit to the domestic private
sector was negative at 29 million euros, compared with a positive net
flow of 62 million euros in the previous month. In December 2016, the
monthly net flow of credit to corporations was positive at 143 million
euros, compared with a positive net flow of 283 million in the previous
month, while the annual growth rate of credit stood at -0.1%, from 0.2%
in the previous month. In particular, the annual growth rate of credit to
non-financial corporations was 0.0%, from 0.5% in the previous month and
the monthlynet flow of credit to non-financial corporations was negative
at 102 million euros, against a positive net flow of 226 million in the
previous month. The annual growth rate of credit to insurance corporations
and other financial intermediaries stood at -0.2% in December 2016,
from -4.3% in the previous month and the monthly net flow of credit was
positive at 245 million euros, compared with a positive net flow of 57
million in the previous month.
In December 2016, the monthly net flow of credit to individuals and
private non-profit institutions was negative at 157 million euros,
compared with a negative net flow of 208 million in the previous
month and its annual growth rate stood at -2.8%, unchanged against the
previous month.
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