Ahead of the summer parliamentary recess, the government is moving forward with its plans to rescue Greece’s struggling public utility, the Public Power Company (PPC).
The government has announced its plans for rescuing the state power corporation, the Public Power Corporation (PPC) and save it from collapse.
A study by the Greek Tourism Confederation (INSETE) has indicated that tourism contributed between 25.7 and 30.9 percent of Greece’s GDP in 2018.
Since key constituencies, including private and public sector workers and the young, abandoned governing SYRIZA to hand New Democracy a comfortable 9.5 percent lead in the May 26 European Parliament elections, the parties have been vying for the middle-class vote.
The government and opposition in Greece have started to unfold their manifestos in anticipation of national elections which are now scheduled for July 7.
After a disastrous set of full year results for 2018 which showed net losses of over half a billion euros from continued operations, the future of the Public Power Corporation (PPC) has been a topic of hot debate in recent weeks.
The first annual survey of small and medium-sized enterprises (SMEs) carried out by the Institute of Small Business of the Hellenic Confederation of Professionals, Craftsmen and Merchants (IME GSEVEE) has illustrated the challenges faced by SMEs in recent years and called for measures to support them.
The Organisation for Economic Cooperation and Development (OECD) has published a bulletin on the taxation of wages in various countries which shows the high levels of tax that Greek workers’ wages are subject to.
The European Commission’s (EC) update on its enhanced surveillance report on Greece, released on April 3, contains a number of points including the current state of play with privatisations.
Property investments from overseas parties have picked up in recent years in Greece, as illustrated by figures from the Bank of Greece (BoG) which showed that 1.35 billion euros worth of foreign property investments were made in Greece in 2018.