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Industrial turnover grows by 3.1 pct in Feb, led by mining and domestic market
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Current account records sharp deficit of 3.16 bln in Feb as goods balance deteriorates
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![Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]](resources/toolip/img-thumb/2014/08/11/imf_439_1108-small.jpg "Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]")
IMF sees 2024 growth at 2 pct, debt on downward trend due to high primary surpluses
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Government tones down fiscal pledges as tighter framework starts to bite
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Budget outperforms in Mar, delivers 2.95 bln primary surplus thanks to strong tax collection
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Import price drop slows further to 2.8 pct in Feb
Court ruling on property tax levels could hurt future revenues
The Council of State has reportedly ruled that objective property values, which are used instead of market prices to calculate tax, should be adjusted within the next months. This could deal a serious blow to future revenues.
The last time objective prices were modified was back in 2007, even though the law requires an adjustment to be made every two years. Greece’s highest administrative court ruling suggests that the state’s failure to adjust objective prices since then is...
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