Industrial turnover rises by 7.7 pct in February
Feb current account deficit at 990.4 mln as services balance improves
Hirings balance positive by 43,737 in March
Primary cash balance at deficit of 34 mln in March
Eurosystem funding falls by 625 mln in Mar, banknotes in circulation rise by 12 mln
Travel balance rises by 9.2 pct to surplus of 13.90 bln in 2018
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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