Features
VAT gap remains high as non-compliance overtakes revenue rise
The European Commission's VAT Gap report has revealed that tax revenues in Greece increased in 2017, but this did not close the gap between expected and actual VAT revenues.
Eight in 10 tourist visits to just five regions, six nationalities generate half of receipts
The research arm of the Greek tourism institute, INSETE, has released a study breaking down the nature of tourism to Greece by geographic area and type of tourist.
Hatzidakis details plans for PPC, puts forward new CEO
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).
Hatzidakis announces strategy for partial privatisation of PPC
The government has announced its plans for rescuing the state power corporation, the Public Power Corporation (PPC) and save it from collapse.
Tourism responsible for up to 30.9 pct of GDP in 2018, study suggests
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.
Tracing the decline of the middle class as parties vie for its votes
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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.
Parties' competing tax pledges come up against challenging reality
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The government and opposition in Greece have started to unfold their manifestos in anticipation of national elections which are now scheduled for July 7.
Fears and reassurances over PPC's dire finances
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.
Detailed SME study shows crisis impact and business evolution
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.
Greece tax wedge rises two places to 13th highest among OECD countries, report finds
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.