Economy
Budget surplus confirmed at 3.16 billion in August
The budget primary balance was confirmed at a surplus of 3.16 billion euros in the first eight months of 2018, according to the final budget execution bulletin for August published by the Finance Ministry (MoF) on Monday.
VAT revenues up in 2016 but rate hikes fail to close gap of 29 pct
The European Commission's VAT Gap report has revealed that high rates of VAT in Greece appear to have fed tax avoidance rather than close the gap between expected and actual revenues.
Strong receipts push travel balance up by 15.9 pct in July
Greece’s travel balance rose by 15.9 percent in July, almost unchanged from the increase of 16 percent in June, Bank of Greece (BoG) data revealed on Friday.
Greece's golden visa scheme brings revenues, but risks as well
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Since its launch in 2014, the Greek citizenship-by-investment scheme known as the “golden visa” has attracted almost 3,000 investors and close to a billion euros’ worth of property investments.
July current account shows surplus of 1.58 bln as tourism drives services surplus
Greece’s current account (C/A) balance recorded a surplus of 1.58 billion euros in July, showing a negligible increase from the surplus of 1.55 billion euros in June, Bank of Greece (BoG) figures showed on Thursday.
Tsakalotos states case on pension cuts in bid to overcome lenders' reluctance
Finance Minister Euclid Tsakalotos is due to speak with investors in London on Thursday but it is the discussion with the institutions over next year’s pension cuts, rather than market access or investments, that is topping the agenda at home.
Primary cash surplus up to 16.76 bln in Aug on improved revenues and cash buffer disbursement
Greece’s central government primary cash balance recorded a surplus of 16.76 billion euros in the first eight months of the year, Bank of Greece (BoG) figures have shown.
Industrial turnover rises by 17.5 pct in July for seventh positive month
Greece’s industrial turnover rose by 17.5 percent in July after June’s figure was revised upward to 17.7 percent, Hellenic Statistical Authority (ELSTAT) data published on Wednesday showed.
Hirings balance in August turns negative by 7,748
The employment balance slipped into negative territory in August with 7,748 more departures than hirings during the month, data from the Labour Ministry’s Ergani information system revealed.
Mortgage loans a key piece of NPL reduction puzzle
The persisting issue of non-performing loans (NPLs) was one of the key items discussed last week by the government and the institutions.