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  1. Study estimates tax evasion costs taxpayer up to 16 bln annually

    Economy

    to be worth 0.5–0.6 percent of GDP in total. The study also put the shadow economy in Greece at 22.4 percent of GDP in 2015, which corresponds to around 40 billion euros and remains steadily 4–5

    13%

  2. Newsletter 79 - 24/06/2016

    Newsletters

    Assistance (ELA) for ECB funding. Greek banks hold a total of 9.3 billion of ECB-eligible assets... that of ECB funding. The switch to ECB funding as of June 29 would entail cheaper liquidity of 5–6 billion

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  3. After calm summer, hectic September lies ahead for Greek government

    EconomyProgramme

    of Hellenic Telecom (OTE) shares (5 percent) currently held by the state to the Hellenic Republic Asset... the 10.3 billion in total initially approved after the completion of the first programme review. From

    13%

  4. Greek stocks climb 3 pct on week, banks post double-digit gains
    Photo via www.helex.com

    Economy

    of total) after having exercised its rights under a pledge agreement securing a loan granted to a customer. Terna Energy releases its quarterly results on September 5, while no other major corporate

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  5. Greece's harsh social reality

    Agora

    , falling to 5 percent of the monthly spend. Hotels, cafes and restaurants dropped by a percentage... fallen to 2.6 million and recovered only marginally to 3 million in 2015. Total personal trips came

    13%

  6. Industrial production up for fourth straight month in July with 4.1 pct rise

    EconomyMacroeconomy

    , the latter makes up only a fraction of the total index. Three of the five main industrial groupings... that increased by 5 percent, while water supply production edged up marginally by 0.2 percent

    13%

  7. Mitsotakis uses tax cut pledge as driving force in effort to provide alternative
    Photo via @kmitsotakis

    PoliticsGreek Politics

    on dividends from 15 percent to 5, reduce the VAT on farming supplies to 13 percent, abolish... of VAT from 10,000 euros to 25,000 euros. Mitsotakis said that the reductions would be worth a total

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  8. After talks with lenders, Greece returns to list of tasks to secure next bailout payment

    EconomyProgramme

    the transfer of a 5 percent stake in Hellenic Telecom (OTE) from the state to the Hellenic Republic... on layoffs to 10 percent of total employees. Fiscal On the fiscal front, Finance Minister Euclid

    13%

  9. Tight schedule to approve multi-bill, tick off remaining milestones

    EconomyProgramme

    of lower rates until the end of 2018. Moreover, the discount of 15 percent on the total amount... of the expression of interest for the long-term concession of Egnatia Motorway and the transfer of a 5

    13%

  10. Industrial turnover edges up 0.2 pct in August in first rise since October 2014

    EconomyMacroeconomy

    the industrial turnover grew by 5 percent for the last time. It is worth noting that the 12-month... at a higher pace of 2 percent. However, the latter make up just a fraction of the total index

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