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  1. VAT gap of 30.1 pct in 2018 keeps Greece among worst performers in EU

    EconomyFeatures

    compliance in Greece rose by 4.6 percent while the effective VAT rate rose by 0.5 percent during...The European Commission's VAT Gap report has revealed that the European Union lost an estimated 140... and the estimated VAT amount that is theoretically collectable based on legislation. The latter is called

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  2. Newsletter 391 - 01/09/2023

    Newsletters

    for the reforms that he wants to implement during his second office, particularly regarding... of the worst summers in Greece’s history in terms of the damage caused by wildfires. It is estimated... programme and has kept topped up since. It is currently estimated at more than 35 billion euros

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  3. Government strives to prevent farmers' protests gathering pace as flood costs spiral
    Photo by MacroPolis

    PoliticsGreek Politics

    many in the sector in deep financial trouble after losing their crops or livestock during the extreme... is estimated at 1.35 billion euros, but just 686 million euros has been secured so far from the EU’s... is estimated at 900 million euros, while rail repairs are expected to cost 450 million.

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  4. PM convenes emergency meeting to work out tariff response strategy
    By Angelos Christofilopoulos/Fosphotos

    PoliticsGreek Politics

    Minister Kyriakos Pierrakakis taking a central role. It is the first time the KYSOIP has met during... of Greece estimated that a 10 pct tariffs on EU goods, rather than the 20 pct imposed by Trump, would... estimated that a blanket US tariff of 25 pct on European imports would lower euro zone growth by 0.3

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  5. Newsletter 460 - 02/05/2025

    Newsletters

    ’s fiscal picture has been consistently improving since the deep deficits that were recorded during... will create around 1.5 billion euros in extra fiscal space, on top of an already estimated 1 billion... is estimated to have brought in more than half a billion euros of income tax. Aside from policy decisions

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  6. PM unveils 300 mln support package, pairing economic relief with major defence upgrade

    PoliticsGreek Politics

    is also a prerequisite for procurement. During the KYSEA meeting, ministers were briefed... Fuel Card, usable at petrol stations, public transport and taxis. The average subsidy is estimated... levels, with the fiscal cost estimated at 56 million euros. To offset part of the package

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  7. Stournaras in firing line for arguing Greeks can pay more taxes
    en_GB Photo by Harry van Versendaal

    PoliticsGreek Politics

    on income and property increased from 7.9 percent in 2010 to 10.1 percent last year. During the same... of the amount it should from the self-employed. The Paris-based organisation estimates

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  8. October C/A deficit drops to 351 mln, down 39.1 pct over year

    EconomyMacroeconomy

    for the first time in 2013. The reported positive balance during the ten-month period of this year is attributed... percent of GDP in 2008. The latest BoG estimates included in its interim report on Monetary Policy

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  9. C/A balance positive by 1.4 bln to Nov, 2013 surplus in sight

    EconomyMacroeconomy

    . The recorded C/A balance improvement during the eleven-month period of this year mainly stems from: a) drop... percent of GDP in 2013. The latest BoG estimates included in its interim report on Monetary Policy

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  10. Strong tourism season confirmed by Q2 accommodation turnover
    Photo by Harry van Versendaal

    EconomyMacroeconomy

    and September, arrivals during this 5-month period made up 82 percent of last year’s arrivals. Following the release of 8-month arrivals, SETE upgraded its full year estimates on international tourist

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