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  1. Greek tourism: Hopeful yet uncertain for 2016
    Photo by MacroPolis

    EconomyFeatures

    hikes which could potentially impact Greece’s image as a cheap holiday destination, including a VAT

    4%

  2. Newsletter 73 - 13/05/2016

    Newsletters

    VAT rate from 23 to 24 percent that would yield 0.25 percent of GDP, an increase in current

    4%

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

    EconomyProgramme

    important revenue sources relate to an increase in the basic VAT rate from 23 to 24 percent

    4%

  4. Coalition ministers, MPs wrestle with implications of Eurogroup agreement
    Photo by MacroPolis

    PoliticsGreek Politics

    Kamateros labelled “unacceptable” on Thursday the rise of VAT on the Greek islands, which enjoyed

    4%

  5. Final budget primary surplus reached 2.72 bln at end-April after upward revision of PIB revenues
    Photo by MacroPolis

    EconomyMacroeconomy

    and other direct taxes outperformed by 162 and 40 million respectively. On the indirect tax front, VAT

    4%

  6. OECD sees economy picking up from second half of 2016, underlines need for reforms

    EconomyMacroeconomy

    in 2017. In addition, increases in the standard VAT will raise headline inflation temporarily

    4%

  7. Government hopes offer of tax breaks and grants will spark growth boost

    EconomyMacroeconomy

    million euros are expected to be collected from VAT, 522 million from social security contributions, 301

    4%

  8. Study estimates tax evasion costs taxpayer up to 16 bln annually

    Economy

    percent of GDP, while the respective figure for VAT stands at 3.5 percent. In addition, lost revenue

    4%

  9. PMI improves by 2 pts in June to rise above 50-pt mark on higher production, employment

    EconomyMacroeconomy

    of Piraeus and Thessaloniki. On the price front, higher VAT and increased steel prices coupled

    4%

  10. Drop in CPI slowed to 0.7 pct in June
    Photo by MacroPolis

    EconomyMacroeconomy

    VAT rate from 23 to 24 percent was implemented, with estimated revenues of 0.25 percent of GDP

    4%