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  1. Piraeus Bank posts 721 mln profit in 9M, NII up to 1.47 bln
    Photo by MacroPolis

    EconomyBanking

    Piraeus Bank posted a net profit of 721 million euros in 9M 2023, with Q3 2023 profit at 279 million euros, from 331 million euros in 9M 2022. Normalised operating profit was 577 million euros in, with 277 million euros in Q3, from 729 million in 9M 2022. Asset quality The NPE ratio dropped to 5.5

    16%
  2. Newsletter 454 - 07/03/2025

    Newsletters

    for interfering with the scene of the crash. The motion was carried with 277 votes in favour, 12 against and 4

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  3. New fiscal measures aim to edge Greece closer to deal with lenders
    Photo by Harry van Versendaal

    EconomyMacroeconomy

    of 6.5 percent for hotel accommodation, medicines, books,newspapers, magazines and theatre. In addition.... However, if the reduced VAT rate on hotel accommodation of 6.5 percent is to be abolished, the MoF would reconsider imposing this new tax as the impact on hotel accommodation could be significant. 7

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  4. Greece seeks to finalise 1 pct of GDP in new tax measures to close review

    EconomyMacroeconomy

    euros. 3) A levy on hotel stays of 1-5 euros per night, according to the hotel’s category... rates or for not increasing the hotel VAT from 6.5 to 13 percent. 4) Increase in the excise tax

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  5. No imminent decision on pension cuts as Athens moves ahead with minimum wage increase
    Photo via Fosphotos

    EconomyProgramme

    that will lead to the extension of the sectoral labour contract for hotel workers to cover all the employees in the field. The new contract is compulsory for all hotel employees and foresees a 1.5 percent rise... increase of 1.5 percent in 2019. According to reports, there are 114,000 workers in the hotel sector

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  6. Newsletter 80 - 01/07/2016

    Newsletters

    than the 4 percent fall in March. Retail volume recorded a slower decline of 1.5 percent in April. The fall in April retail turnover largely reflects a double-digit decline in automotive fuel and retail... percent in April for its fourth monthly fall. The decrease in April retail sales is mostly due to a 15.8

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  7. Newsletter 97 - 25/11/2016

    Newsletters

    a fall of 2.6 percent in Q2, BoG data showed. Compared to the previous quarter, apartment prices... in the goods deficit. Apartment prices fall again Apartment prices in Greece fell at a slower pace... for the second straight quarter by 0.6 percent in Q3 after a 0.9 percent fall in Q2. Prices of new apartments

    16%
  8. Newsletter 92 - 14/10/2016

    Newsletters

    on Thursday showed. The downward trend stems from a fall in both ECB and emergency liquidity.... The core index declined by 0.2 percent for its third successive monthly fall. The change in September is attributed to a fall in the goods index by 1.7 percent. The services index edged up 0.1 percent

    15%
  9. Greek union data suggest workers get paid late or in kind

    Society

    is up to 13 months. One in two hotel companies that operate for the whole year is said... or other products. In other cases, payment in kind may mean “free” hotel accommodation or daily meals

    14%
  10. Greece moves closer to troika over fiscal gap, waits for response
    Photo by MacroPolis

    EconomyProgramme

    citing government sources indicate that the key measures relate to increasing the VAT rate on hotel... that the resulting higher cost for hotel services from the rise of VAT to 13 percent would lead to 2.6 million

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