Primary cash balance posts deficit of 46 mln at end of July
Industrial turnover up by 8.1 pct in June for eighth consecutive rise
Budget primary surplus at 3.05 bln in 7-month, above target on underspend
Building activity up by 45.7 pct in May, highest since Dec 2005
Eurosystem funding drops by 3.9 bln in July on big decline in ELA
Unemployment at 21.7 pct in May after revised April figure
Finance Ministry scrambles to correct property tax after error-strewn debut
After months of discussions and planning, the launch of the unified real estate property tax (ENFIA) earlier this month foundered on a number of problems, which caused the government embarrassment and left the Finance Ministry with plenty of revision work to do.
This tax is due to replace the emergency levy on homes introduced in autumn 2011, which was paid via electricity bills. The government lobbied the troika persistently to get the unpopular emergency tax incorporated into a general property levy because i...
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