Sentiment edges up by 1.4 pts in Jan, consumer confidence unchanged
Greece moves step closer to investment grade as Fitch ups rating by one notch to 'BB+'
Rise in import prices slow further to 15.7 pct YoY in Nov
Deposit outflow at 550 mln in Oct, led by a decline in corporates
Re-opening of benchmark bond fetches 200 mln at steep yield of 4.44 pct
In another cautious move, PDMA fetches 975 mln for 5 yrs at variable rate
Study estimates tax evasion costs taxpayer up to 16 bln annually
Tax evasion in Greece is estimated to range from 6 to 9 percent of GDP, involving tax losses from 11 to 16 billion a year – the equivalent of almost one third of public revenues – according to a new study conducted by Ernst and Young for the Athens-based think tank Dianeosis.
In specific, the study showed that foregone revenues from individuals (mostly the self-employed) range from 1.9 to 4.7 percent of GDP, while the respective figure for VAT stands at 3.5 percent. In addition, lost revenue as a result of alcohol, tobacco a...
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