Economy
Payment plans for overdue debts launched as Athens looks for revenue boost
There appears to have been keen interest in the schemes launched this week allowing taxpayers to settle their unpaid taxes and social security contributions in up to 120 instalments, possibly boosting the government’s efforts to convince the institutions that Greece will be able to meet its fiscal targets this year.
Titan Cement turnover up by 12.5 pct in Q1, net results fall on FX movement
Titan Group’s financial results for the first quarter (Q1) of 2019 showed that group turnover rose by 12.5 percent year-on-year (YoY).
Travel balance at 94.8 mln in Mar and 211.9 mln in three-month period
Greece’s travel balance edged down by 94.8 million in March from 95.1 million a year ago, Bank of Greece (BoG) data has shown.
April hirings balance positive by 110,895, aggregate balance highest on record
The employment balance was positive in April with 110,895 more hirings than departures, data from the Labour Ministry’s Ergani information system showed.
OECD lowers growth forecast, warns Athens to maintain fiscal credibility
The OECD published on Tuesday its latest global economic outlook in which it has slightly revised downward its forecasts for Greece’s economic growth over the next two years.
New overdue taxes rise by 489 mln in Mar, total legacy and new debt at 104.5 bln
The month-on-month rise in Greece's new tax debt came to 489 million euros in March, data from the Independent Authority of Public Revenues (IAPR) has shown.
Fourlis Group results show net loss of 3.4 mln in Q1
Fourlis Group, a leading group of companies in Greece and the Balkans for consumer durable goods, reported a slight increase in sales of 0.5 percent in the first quarter (Q1) of the year.
Current account deficit widens in March due to deteriorating goods trade balance
Greece’s current account (C/A) deficit accelerated to 1.5 billion euros in March, from 990.4 million in February, Bank of Greece (BoG) figures showed on Tuesday.
![Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]](resources/toolip/img-thumb/2014/08/11/imf_439_1108-medium.jpg "Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]")
IMF highlights bailout shortcomings in latest admission of programme errors
A new internal evaluation document published by the International Monetary Fund on Monday can be added to the existing material that has been released by the IMF on Greece outlining what a formidable task the country faced in 2010 when it signed the first programme with the eurozone and the Washington-based organisation.
Hellenic Exchanges Q1 show net profits drop 50.7 pct on lower trade volume
Athens Stock Exchange’s (ATHEX) first quarter (Q1) results showed that group turnover fell by 14 percent year-on-year.