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  1. Newsletter 227 -08/11/2019

    Newsletters

    is the introduction of a flat tax aimed at convincing wealthy individuals to move their tax domicile. The non-dom scheme will offer anyone who declares their global income in Greece a flat tax of 100,000 euros

    6%

  2. Are hirings in the public sector out of control?
    Photo by MacroPolis

    EconomyFeatures

    permanent public sector staff and 15,000 contractors, at a cost of 600 million euros. These accusations... contractors. Their numbers have swelled from 3,413 in 2012 to 15,601 at the end of 2017. By far the largest

    4%

  3. Public sector staff trends survive MoU exit, change of government
    Photo by MacroPolis

    Society

    in early summer. In June 2019 the number of public sector contractors was 103,213 and in June 2020 it had... in the latter part of 2019, however there was no corresponding fall in the number of contractors. New record

    4%

  4. Marginal deposits outflow of 212 million euros in August

    EconomyMacroeconomy

    billion in August almost flat mom. It is also worth noting that total deposits – including euro

    4%

  5. 2014 draft budget: An ambitious fiscal consolidation targeting a primary surplus of 1.6 pct

    EconomyMacroeconomy

    in 2014 from -7.0 percent in 2013). Note that nominal GDP is anticipated to remain almost flat yoy

    4%

  6. Greece's building activity continues its nosedive in July

    EconomyMacroeconomy

    Greek building activity (measured by the number of building permits) dropped 24.0 percent in July with the respective surface figure easing 8.6 percent, while volume remained flat year on year, according to the Hellenic Statistical Authority (ELSTAT). Moving to the aggregate figures, which strip

    4%

  7. Drop in Greek CPI decelerated to 1.1 pct in September

    EconomyMacroeconomy

    and 3.5 percent respectively, while clothing and footwear prices remained almost flat year on year

    4%

  8. For Stournaras, it's out of the frying pan and into the heating oil

    PoliticsGreek Politics

    flat rate corporate tax in Greece. This formed the basis of his economic plan before he was elected

    4%

  9. Unemployment creeps up to 27.6 pct in July; little tourism boost evident
    en_GB Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    EconomyMacroeconomy

    from ELSTAT, even in non-seasonally adjusted terms the rate of unemployment remained flat

    4%

  10. Greece goes deeper into deflation territory

    EconomyMacroeconomy

    (+2.6 percent), most likely due to end of the sales period, while remained almost flat in October

    4%