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Industrial turnover returns to contraction in Nov with sharp 5 pct YoY drop
EconomyMacroeconomyGreece’s industrial turnover resumed contraction in November, dropping by 5 percent year-on-year... Authority (ELSTAT) on Monday. On a rolling 12-month basis, the industrial turnover was up by just 1... decreased by 7.5 percent, led by decreases of 7.7 percent in manufacturing, and mining and quarrying up by 1
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Where is Odysseus? Part 1 - Demographics
AgoraIn 2019, one of us wrote a book[1] about the Greek economy called “The Macroeconomy of Greece.... It is worth asking what happened to Odysseus and his people who set off on their journey in relatively... demographics impacts the availability of labor (L). Population. Figure 1 refreshes the population baseline
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Review set to resume in Athens as debt talks drag on
PoliticsGreek Politicsthe 1 percent of GDP in pension cuts that will have to be implemented in 2019, the 1 percent of GDP..., the fiscal gap for 2018 and a range of other minor issues. The aim is to conclude the SLA by May 1... Ministry official, who told local media that discussions on debt relief are set to continue
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Greece seeks to finalise 1 pct of GDP in new tax measures to close review
EconomyMacroeconomymeasures related to pension reform and direct taxes - each yielding 1 percent of GDP (1.8 billion euros) - the government has to identify additional measures of 1 percent of GDP to cover the fiscal gap of 3... to cover this last 1 percent of GDP are primarily focused on raising (indirect) tax revenues and include
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Calls for snap polls, parliamentary probes set tone for polarised politics
PoliticsGreek Politicsinto a slanging match between the government and the opposition and set the tone for the upcoming months... as it agrees more than 5 billion euros in new austerity measures with Greece’s lenders could help New... having rising debts. He also announced plans to set up a panel of experts to assess the out
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Finance Ministry outlines plans for making savings, increasing revenues
EconomyProgrammeto around 1 billion euros a year and he anticipates this cost could be imminently trimmed by 20 percent... by market participants and proactive audits. The MoF is also considering to incorporarate custom
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The conundrum of Greek olive oil exports
EconomyFeaturesdemand for olive oil because the local cost of production is relatively high at 1 euro per kilogram... and certifications, labelling, transport, packaging logistic issues, commercial issues, custom regulation, consumer
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Another 1 bln added in July to unpaid taxes in Greece, which total almost 68 bln
EconomyMacroeconomylow of 400-500 million recorded in April and May. The first-half target of legacy debt payments of 1 billion euros set by the Ministry of Finance (MoF) was almost met since the actual figure stood at 994 million. The MoF aims to collect an additional 1 billion euros in the second half of 2014, which
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Newsletter 338 - 20/05/2022
for Mitsotakis to address a joint session of Congress on Tuesday were the main set-pieces of the trip. Biden set... for liquefied natural gas (LNG), and set out his own political ideology, warning against the threat posed... job roles are waiters, kitchen staff, cleaning staff and receptionists. These positions make up 60
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Lenders set to keep coalition waiting for answer on pension cuts
PoliticsGreek Politicsthe draft budget, which the Greek government is due to table in Parliament on October 1 and then send.... This meeting is set to take place in the wake of the institutions issuing their first post-programme report... about whether the 1 percent of GDP reduction in pension spending is still needed or not. The European
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