Greece 57th in WEF's Global Competitiveness Index based on new methodology
The World Economic Forum’s Global Competitiveness Index (GCI) for 2018 has shown that Greece fell four places in a year, standing at number 57.
Privatisation revenues edge upward as end-of-year deadline looms
With three quarters of the year now gone, the Greek government still has much ground to cover in order to meet its privatisation target of around 2 billion euros in revenues across the full year.
VAT revenues up in 2016 but rate hikes fail to close gap of 29 pct
The European Commission's VAT Gap report has revealed that high rates of VAT in Greece appear to have fed tax avoidance rather than close the gap between expected and actual revenues.
Greece's golden visa scheme brings revenues, but risks as well
Since its launch in 2014, the Greek citizenship-by-investment scheme known as the “golden visa” has attracted almost 3,000 investors and close to a billion euros’ worth of property investments.
Greece tops OECD countries for tax rises and spending cuts
The Organisation for Economic Cooperation and Development’s (OECD) latest report on tax policy reforms has highlighted the extent of increased taxation in Greece in recent years.
Crisis-era productivity in Greece lowest among OECD countries
A study by the Organisation for Economic Cooperation and Development (OECD) examining productivity levels over the last seven years found that Greece was the only country surveyed where productivity fell over the period.
Special tax structure would benefit hotels and jobs, bank argues
Hotels in Greece would benefit from a more favourable tax framework in order to create jobs and harness investments, Alpha Bank’s weekly financial bulletin has highlighted.
Eighteen core goods led exports during crisis, NBG study notes
A core group of 18 products made up the backbone of Greek exports during the crisis years, according to a study compiled by the National Bank of Greece (NBG).
Greece on track for bumper tourism year, figures show
Greece is anticipating another record-breaking year of tourism arrivals this year according to reports from several industry bodies as well as the Bank of Greece. An estimated 30 million visitors are expected to visit the country this year.
More changes needed to unlock private sector's potential, report says
Greece has to take specific steps to unleash the potential of its business economy because the reforms implemented during its three adjustment programmes have not had the desired impact, a study carried out by the German Institute for Economic Research (DIW) argues.