FDI, rather than tax cuts, holds key to stronger growth rates - study
A study by IHS Markit which analysed the various growth policies and factors that could contribute to Greece’s future long-term economic growth found that raising foreign direct investment (FDI) is the most vital element.
Record year for company launches in 2018, small enterprises continue to dominate
Data from the General Commercial Register database (GEMI) has shown that 2018 was a bumper year for companies being launched in Greece compared to companies being closed with the highest balance on their records.
DESFA transfer complete as HRADF heads for record year in privatisation revenues
A major privatisation reached its conclusion on Thursday with the transfer of the Hellenic Gas Transmission System Operator (DESFA) to its purchasing consortium.
Greece rises through the ranks for LNG transport tankers
Greece is consolidating its position as an LNG transporter with the number of tankers rising noticeably in recent years, according to data from several sources.
New strategic investment framework unveiled, faster licencing and tax breaks promised
A new strategic investment framework was presented yesterday by Economy Minister Yiannis Dragasakis aimed at fast-tracking investments into Greece.
Greek tax rate hikes among highest in OECD countries, tax report shows
The OECD’s annual Revenue Statistics report on tax has revealed that Greece’s tax to GDP ratio increased by 0.6 percentage points (pps) between 2016 and 2017, making the country’s tax rises among the highest out of 36 OECD countries surveyed.
Greek tourism building strength but needs to diversify, PWC study finds
PWC Greece has released an overview of the Greek tourism industry which analyses the industry’s current developments and future potential.
What Greece imports and why
It’s a point that is often touched upon regarding the makeup of Greece’s economy that the country imports far outweigh its exports, and have done so historically.
Greece drops to 72 in Doing Business index as long-term problems persist
The latest Doing Business Indicators report for 2019 by the World Bank Group has shown that Greece fell to number 72 out of 190 economies worldwide.
New details reveal what may have led to discrepancy in Athens Airport concession price
Sources at the Hellenic Republic Asset Development Fund (HRADF) admitted this week that the initial price of the Athens International Airport (AIA) contract had been too low based on outdated parameters.