Travel balance down by 29 pct in April as receipts slump
April current account deficit at 1.34 bln as goods deficit grows
Industrial turnover rises by 6.7 pct in April for fourth positive reading
Primary cash surplus at 6.4 bln in year to date, expenditure rises during May
Turnover in services sector shows deteriorations in Q1 2018
Budget primary surplus at 1.54 bln in May on revenue rise, sharp investment underspend
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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