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  1. Snap elections in Greece bring state's liquidity constraints into focus

    Economy

    . These mainly comprise of interest payments (2.2 billion) and IMF repayments estimated at 1.6 billion. On top of that there is also the need to roll over T-Bills expiring during Q1. The worst-case scenario... billion has already been used. b) Cash reserves of the central government, which are estimated at 1

    1%

  2. Finance Ministry outlines plans for making savings, increasing revenues
    Photo by MacroPolis

    EconomyProgramme

    1.5 billion euros in the medium- to long-term, according to Mardas. During the presentation... in Parliament earlier this month, Mardas estimated that the streamlining of all public procurements... to tobacco smuggling are estimated at 800 million euros, while measures targeting their illegal trade could

    1%

  3. Proposed VAT overhaul a stepping stone towards agreement with lenders?

    EconomyProgramme

    Yiannis Varoufakis. Varoufakis made the comments during a wide-ranging interview with Star TV on Monday... level of 23 percent to 15-18 percent. Multiple benefits? Varoufakis did not indicate the estimated... to tackle VAT evasion, which is estimated at around 9.5 billion euros a year. This is an extremely high

    1%

  4. European Commission evaluates impact of bailout programme
    Photo by Stuart Chalmers via Flickr https://flic.kr/p/49JB98

    EconomyProgramme

    regions. To ensure a smoother transition during the phase out period, a limited compensation package... period is estimated to stem from pension reforms (1.9 percent of GDP) followed by VAT (1.1 percent... is estimated to increase revenues by around 1 percent of GDP with current VAT revenues accounting

    1%

  5. No let up ahead in terms of fiscal demands for new Greek government

    EconomyProgramme

    Monday of each October and has to be submitted to the European Commission by October 15. During... percent (estimated revenues at 410 million), rise in the solidarity levy rates for individual annual... fiscal measures were estimated to increase revenues by 3.18 billion (1.8 percent of GDP) on an annual

    1%

  6. Multi-bill tabled as Greece aims to take last step to completion of review

    EconomyProgramme

    and in the plenary during the weekend, while the vote is scheduled for Sunday afternoon. As expected, the bill... of indirect taxes are either increased or introduced with estimated revenues of 1.6 billion euros. The most... as of June 1 with estimated annual revenues of 437 million and a rise in the excise tax on cigarettes

    1%

  7. Some progress in first round of talks but most second review issues remain unresolved
    Photo by MacroPolis

    EconomyProgramme

    a joint statement, presented different views during their meetings with the mission chiefs on October... programme review, the GMI cost is estimated at 0.5 percent of GDP and will be covered through permanent... whether next year’s targets can be achieved. A fiscal gap of 0.2 percent of GDP is estimated for 2017

    1%

  8. Privatisation plan inches along as groups express interest in DESFA
    Photo via www.desfa.gr

    EconomyProgramme

    has passed through four governments (PASOK, New Democracy, SYRIZA and two interim stints during... The revenues from privatisations in 2016 came to 500 million euros. For 2017, they are estimated... billion in 2017-2021. Revenues of 2.15 billion are estimated in 2017 and 2.07 billion in 2018, which

    1%

  9. Greek households switch to natural gas in record numbers as winter approaches
    Photo via Flickr https://flic.kr/p/faksxt

    EconomyFeatures

    during the financial crisis, despite a fall in overall energy use. Projections by the transmission... and Thessaloniki, and the Thessaly region. Deliveries of heating oil in October cost an estimated 4.3... gas are estimated at 40 percent. This year also saw the relaxation of the rules governing new

    1%

  10. Retail sales drop by 1.7 pct in November, corresponding volume falls 2.9 pct
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    to stand at -54 points and retail trade confidence picked up to 2.3 points. During 2017, retail trade... percent compared to last year. December 2017 sales are estimated to reach 4.09 billion euros, from 4.03 billion in 2016. Overall in 2017, total retail turnover is estimated at 42 billion, from 41.4 billion

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