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Government hopes offer of tax breaks and grants will spark growth boost
EconomyMacroeconomyfor domestic production. One of the key provisions of the law is the support for investments above 20 million euros that create at least two jobs per one million euros invested. For these types... study revealed that an investment of 1 euro in one quarter results in a cumulative increase of GDP
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During crisis, proportion of Greeks in extreme poverty has risen almost seven times to 15 pct
Societyestimated the extreme poverty threshold ranges from 182 euros per month for a one-person privately... children, which were in a better position than families with one or two. The survey also found... from 50 percent in 2011. In contrast, only one percent of families of civil servants, public sector
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Labour laws already emerging as key issue for next bailout review
PoliticsGreek Politicsthat the government would fight to protect restrictions on mass dismissals, which is one of the areas... dismissals being lifted, it is clear that this will be one of the most contentious issues... Greece and the institutions over this matter, it is likely to be one of the factors that prevents
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Some basic products in Greece among most expensive in EU
Societyand eggs, one of the nine categories of goods out of 13 that are above average EU prices, according to new...). Indeed, oils and fats were one of the few categories that saw a price rise from 2014 to 2015... expensive member state than in the cheapest one. Denmark had the highest price level for food
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Newsletter 80 - 01/07/2016
not sour the mood ahead of his visit to Beijing. It will, though, leave the prime minister with one more... in the modern era, the turmoil of the last few days has been something to behold. One of the world’s... was a mandate for him to return to the negotiating table to seek a better deal, not one to turn his back
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Eurosystem funding falls 8.6 bln in June in aftermath of waiver reinstatement
EconomyMacroeconomythat from the 45 billion euros of deposit outflows in the first half of 2015, one third of withdrawals in the form of banknotes was kept under mattresses, while one third was transferred to bank accounts abroad and the remaining one third was switched to international money market funds.
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Unpopular but effective property tax returns for another year
EconomyMacroeconomyThe single property tax (ENFIA) has become one of the most contentious taxes in Greece, adding... of 81.2 percent. The latter confirms ENFIA remained one the taxes with a relatively high... million euros. The next bracket involves around 1.5 million taxpayers (one in 5) who declare
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HFSF sees market value of bank holdings plunge to 2.4 bln after closure, capital controls
EconomyBankingof 9.33 billion, a one-off expense of 555.9 million and impairment from banks under liquidation... (CoCos), while a gain of 1.27 billion was recorded from warrants’ revaluation. The one-off expense... (in the form of shares) in NBG and Piraeus in November corresponding to one quarter of state aid
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New Democracy latches on to SYRIZA confusion over law and order
PoliticsGreek Politicsup, and police suggesting that at least one bullet from an assault rifle was fired at a building..., and that New Democracy would do a better one, the conservatives are also stressing the divisions... cohesion and resolve should not be discounted. It will be one of the matters that Prime Minister
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Justice can't be blind to facts in 2009 deficit case
Agorathe obvious, which is when the problems begin. We had one such example last week when the Supreme Court, following an appeal by one of its prosecutors, decided that the former head of the Hellenic... that has been peddled by all three at one time or another to suit their political ends. Having adopted
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