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  1. Inflation triggers political machinations, move to increase budget spending
    Photo by MacroPolis

    PoliticsGreek Politics

    VAT in catering and transport until the end of the year. Prime Minister Kyriakos Mitsotakis also hinted this week that the government could reduce VAT on food products temporarily to ease the burden... when the time comes to restore VAT on these products back to its normal rate, immediately prompting

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  2. Newsletter 367 - 27/01/2023

    Newsletters

    to 28.49 billion euros, led by VAT income of 18.76 billion euros and special consumption taxes of 7.07... prices, and therefore higher indirect taxes, because of the cost-of-living crisis. VAT intakes... the government to reconsider VAT rates for basic goods as it will help the most vulnerable households, while

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  3. Final budget sees 2.9 pct growth in 2024, primary surplus at 2.1 pct of GDP
    Photo by MacroPolis

    EconomyMacroeconomy

    billion euros seen this year. VAT and indirect taxes will continue to have a prominent role, reaching 35.17 billion euros, from 33.7 billion euros in 2023. VAT is expected to rise by more than 1... at 476 million euros, while the lower VAT regime on certain products and services has a fiscal

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  4. Parties turn focus on economy as PASOK struggles with election fallout

    PoliticsGreek Politics

    cuts to VAT on the model of other European countries, claiming that the measure would be ineffective... had decided to maintain low VAT rates on takeaway drinks and taxi fares to avoid inflicting higher... prices without compromising its political commitments. In addition to the targeted VAT freeze, Finance

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  5. PASOK tries to chip away at New Democracy's record on economy
    Image: https://pasok.gr/

    PoliticsGreek Politics

    by PASOK, who has argued in favour of cuts in indirect taxes like VAT, a policy which New Democracy has... in populism”, which featured a montage of older statements by the prime minister pledging to cut VAT... campaign of 2019, when he promised that if elected he would cut VAT in his first term. Androulakis

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  6. Despite lukewarm reaction, PM insists tax cuts will pave way to third term
    Image: https://www.primeminister.gr/

    PoliticsGreek Politics

    made by the opposition. He said he rejected opposition calls for VAT cuts based on a Bank of Greece... that despite his claims, many of the tax reforms are regressive, including keeping in place high VAT rates... companies and supermarkets and hurting the lowest earners by leaving VAT rates untouched. Communist

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  7. The complexities of regaining market access: Could Greece learn from Portugal?
    Photo by Can Esenbel [http://www.mundanepleasure.com/]

    Agora

    that it is intending to return to international credit markets during the course of this year... international credit rating agencies, namely S&P and Fitch. It is noteworthy that such rating agencies... ‘precautionary credit line’ to facilitate access to financial markets after exiting the European part of the MoU

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  8. On Portugal, PSI and a national salvation pact

    Agora

    Founded in October 2011, Tortus Capital pursues an opportunistic investment strategy across the capital structure, focusing on sovereign credit, corporate credit, equities, and special situations... that a second bailout would not be needed if a PSI takes place. A precautionary credit line would

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  9. Significant post-election economic challenges await Greek coalition

    Economy

    Credit to the private sector has been limited over the past few years. Credit expansion turned... create opportunities for credit expansion should the economy start to rebound and the huge stock

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  10. Alpha Bank acquires Citigroup's retail banking unit in Greece
    Photo by MacroPolis

    EconomyBanking

    for Alpha after the acquisition of Emporiki Bank by Credit Agricole in 2012. The consideration stands...) net loans, mainly credit card balances of 0.4 billion c) network of 20 branches with 730 employees... in corporate and consumer business with particular focus on the wealth management services and credit card

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