-
New vehicles drive car sales up by 20.7 pct YoY in Sep
-
Electricity pushes industrial production down by 2.9 pct YoY in Aug
-
Drop in energy costs bring CPI down to 1.8 pct YoY in Sep
-
Oil prices contribute to trade deficit falling by 18.8 pct YoY in Aug
-
Draft budget for 2026 sees growth accelerating to 2.4 pct, tax collections remaining strong
-
Falling property FDI raises questions about housing market after Golden Visa rush
Capital controls trigger big rise in card use and VAT revenues, Bank of Greece data shows
The significant increase in the use of debit and credit cards after the imposition of capital controls in July 2015 is having a positive impact on VAT revenues by improving collectability, the Bank of Greece (BoG) concludes in its interim monetary policy report published last Friday.
In contrast, the recent rise in the VAT rate is having a negative effect on VAT revenues and the BoG suggests the launch of more initiatives to widen further the use of cards as well as the lowering of VAT rates to previous levels.
You need a subscription to access our analysis. Please choose one of the packages available.
Full Access
A tailor-made service for professionals
Apart from having access to all our analysis and data, subscribers will be able to consult one-on-one with our analysts.
Free Access
Read some of our analysis for no charge
By signing up to MacroPolis, readers will be able to read two of our articles without charge each month. They will not have access to our data or weekly e-newsletter.
Standard Access
Our analysis and data at your fingertips
Subscribers will be able to read the full range of our articles, access our statistics and charts, and receive our weekly e-newsletter for €530 per year.
€530.00