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Revenues spring surprise by beating Sep target, providing 1.4 bln cushion for Q4
EconomyMacroeconomybe attributed to increased ENFIA revenues since a number of taxpayers preferred to pay their tax obligation... will pay (to the bank) their obligation in 9-12 monthly instalments. Moreover, taxpayers with low ENFIA charges may have also preferred to pay the whole amount upfront and not in instalments. It should
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Labour market reforms did exactly what they were supposed to
Agorain the private sector would need to be significantly reformed, pay rates for overtime work would... allow local pay agreements to set wage growth below sectoral agreements and introduce variable pay... flexible hirings of part-time or shift work, with lower weekly hours and subsequently lower pay gradually
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Tsipras reaches settlement with church, aiming to subdue critics
PoliticsGreek Politicsto pay the wages of priests as a form of compensation for the property deal the two sides accept... will cease to pay their wages the state agrees to pay directly to the church the amount it currently... would find itself having to pay a huge compensation bill after losing a legal battle with the church
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The Parable of the Populists and the Contemplatives
Agoraof new debt that they have taken on board to pay for this machine. The net worth, or wealth... to depleting the resources of the country, debts are being accumulated to pay for additional (over-)spending... had to pay adequately. The toxins have been leaking into the drinking water and evaporating
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Opposition lines up attack on government over wildfires with visits to affected areas
PoliticsGreek Politicson the fires. Hazard pay controversy The latest fires have also reignited the debate over pay... to an amendment passed in July, awarding hazard pay to parliamentary staff. Seasonal firefighters described... that they would have to wait their turn for danger pay behind those faced with working in air conditioned
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Greek primary budget surplus doubles to 835 mln in Jan but below target
EconomyGreece’s budget execution showed a primary surplus of 835 million euros in January, which was almost double compared to the 415 million posted in the corresponding period last year, according to the final data released by the Ministry of Finance (MoF) o...
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Greek credit contracts by 4 pct in Jan, NPLs rise to 31.2 pct in Sept
EconomyMacroeconomyThe year on year (yoy) credit contraction in the Greek market marginally accelerated for the second straight month to 4 percent in January from 3.9 percent in December, with balances reaching 217.61 billion euros, according to the Bank of Greece (BoG). ...
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Industrial production up 1.1 pct in Jan, first consecutive rise since Aug 2007
EconomyMacroeconomyThe Greek Industrial Production Index (IPI) showed an increase of 1.1 percent for the second straight month in January, following a 0.5 percent rise in December, according to the Hellenic Statistical Authority (ELSTAT). It is noted that the IPI had retr...
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Drop in Greek industry's turnover index slowed to 4.1 pct in Jan
EconomyThe drop in Turnover Index in Industry decelerated to 4.1 percent in January from a double-digit decline in the preceding three months, according to the Hellenic Statistical Authority (ELSTAT). The headline figure continued heading south for the fifth s...
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Greek Jan-Apr primary budget surplus rises above 1 bln despite revenue shortfall
EconomyGreece’s budget execution showed a primary surplus of 1.05 billion euros in the first four months of 2014 from a primary deficit of 306 million last year, according to the final figures released by the Ministry of Finance (MoF) on Friday. The state budg...
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