Economy
Greece tax wedge rises two places to 13th highest among OECD countries, report finds
The Organisation for Economic Cooperation and Development (OECD) has published a bulletin on the taxation of wages in various countries which shows the high levels of tax that Greek workers’ wages are subject to.
Building permits drop by 10.2 pct in Jan
Building permits decreased by 10.2 percent year-on-year (YoY) in January, deepening from a decline of 7.5 percent seen in December, Hellenic Statistical Authority (ELSTAT) data released on Friday showed.
Eurosystem funding falls by 825 mln in Feb, banknotes in circulation rise by 50 mln
Greek banks’ Eurosystem funding declined by 826 million euros month-on-month (MoM) in February, the Bank of Greece's (BoG) latest monthly financial statement showed.
Unemployment rate edged up again in Jan, reaching 18.5 pct
Greece’s seasonally adjusted (SA) unemployment rate came to 18.5 percent in January, edging up from an upward revised rate of 18.4 percent in December, Hellenic Statistical Authority’s (ELSTAT) data showed on Thursday.
IMF sees Greece on course to meet fiscal targets and reduce debt
Following the publication of its macroeconomic forecasts for Greece as part of the World Economic Outlook (WEO) release cycle, the International Monetary Fund (IMF) released on Wednesday its latest projections for public finances in the Fiscal Monitor.
Sarantis Group net profits grow by 13.7 pct in 2018
Consumer product producer and retailer Sarantis Group’s full-year results for 2018 showed that turnover increased by 14.8 percent.
Dispute over pensions backlog as future burden from retirees highlighted
Pensions were once again in the news in Greece this week thanks to a combination of growing overdue pensions applications and further warnings over the burden Greece faced in the future over its pension payments.
CPI up by 0.9 pct in March, rising for eleven consecutive months
Greece’s Consumer Price Index (CPI) rose by 0.9 percent in March following an increase of 0.6 percent in February, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday.
IMF maintains outlook for economy, Athens readies scheme for unpaid taxes and contributions
The International Monetary Fund (IMF) published on Tuesday its latest edition of the World Economic Outlook (WEO) ahead of the Spring Meetings that take place in Washington this week, leaving its projections for Greece’s key macro data unchanged from the first post-monitoring report issued in mid-March.
Athens gearing up for new bond issue amid favourable market conditions
Greek authorities appear to be working in parallel on the two goals Athens has set following the completion of the second post-programme review: To issue another sovereign bond and to pay off some of Greece’s debt to the International Monetary Fund before it matures.