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  1. Tourism responsible for up to 30.9 pct of GDP in 2018, study suggests
    Photo by Panayotis Tzamaros/Fosphotos

    Features

    as one of the central pillars of the Greek economy when direct and indirect contributions from tourism.... This equals a multiplier effect of 2.2. According to the IOBE multiplier, in 2018, tourism directly...). This estimated the multiplier effect from each euro of direct tourism revenue to be 2.65. According

    14%

  2. Credit contraction decelerates to 0.9 pct in April, net additions climb to 659 mln
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    . The positive flow in April is almost entirely attributed to corporate sector net additions of 763... positive for the third successive month, with net additions climbing to 763 million in April

    14%

  3. Balance of Payments, Foreign Direct Investment, Annual, EUR mln
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    Charts

    14%

  4. Govt tables 2018-21 MTFS containing 4.5 bln in measures, sees growth rising from 1.8 pct this year
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    percent, lower than the recent IMF and European Commission (EC) forecasts of 2.2 and 2.1 percent... seen up by 2.6 percent but slowing thereafter to 2.3 percent in 2020 and to 2.2 percent in 2021... are expected to edge up 0.2 percent in 2017 and grow by 2.2 and 2.4 percent in 2018 and 2019 respectively

    14%

  5. Newsletter 271 -30/10/2020

    Newsletters

    at 7.01 bln September figure confirmed as missing target by 9.58 billion euros The budget primary balance recorded a deficit of 7.01 billion euros in the first nine months of 2020, compared to a surplus

    14%

  6. Increased revenues push Greek budget primary surplus up to 2.28 bln at end of July

    EconomyMacroeconomy

    (by 555 million), other non-tax revenues (by 320 million) and other direct taxes (by 212 million) more.... The evolution of revenue figures indicated direct taxes soared 63.4 percent in July and 18.7 percent... in July. Nevertheless, the 7-month figures still indicate a year on year drop of 2.2 and 4.4 percent

    13%

  7. Complex privatisation fund faces tall order to reduce Greek debt

    Economy

    and the market value of its holdings currently stands at 2.2 billion. HRADF was also established in July... value of the state’s direct or indirect stakes in listed companies stands at around 3.8 billion euros, of which 2.2 billion relate to HFSF holdings in Greek banks, 940 million to HRADF holdings

    13%

  8. Newsletter 459 - 11/04/2025

    Newsletters

    destinations for its exports. Total Greek exports continued to decline last year, falling by 2.2 pct after... euros. While Greece has relatively limited direct exposure to US trade, there are various secondary... slowdown and although Greece has limited direct exposure with trade to the US, it will experience major

    13%

  9. Newsletter 475 - 12/09/2025

    Newsletters

    Pierrakakis insists VAT reductions rarely filter through to consumers, making income-tax cuts a more direct...-sector dynamism, digital transformation and foreign direct investment. The prime minister has sought... pct, while month-on-month (MoM) the index grew marginally by 0.1 pct. Food inflation came in at 2.2

    13%

  10. Budget primary surplus up to 1.73 bln in Q1 as gov't holds back expenditure

    EconomyMacroeconomy

    to be reported in the first two months of the year. The revenue breakdown showed that direct taxes... by 15.4 percent to 690 million. For the 3-month period, direct taxes fell 7.8 percent to 3.9 billion, 514 million short of target mainly due to lower revenues from direct tax arrears and income tax

    13%