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Budget primary surplus at 4.65 bln in 11-month on lower expenditure
EconomyMacroeconomyby 3.4 percent. Conversely, direct tax revenue fell by 3.7 percent, driven largely by a 5.4 percent... period and stood at 42.37 billion euros. Both direct and indirect taxes exceeded their targets... on fuel (+24 million euros) and direct tax arrears (+19 million euros). Expenditure Primary
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Tourism accounts for 27.3 pct of Greek GDP in total, study shows
EconomyFeaturesis divided between direct and indirect contributions of 18.3 billion and 30.2 billion, respectively. The study showed that in 2017, the direct contribution of tourism to the economy increased by 1.56 billion... percent) and the Ionian islands (12 percent). Broken down by direct revenue contributions to regional
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Foreign investors positive on Greece but ease of doing business remains low
EconomyFeatures, equal to around 20 percent of total foreign direct investment in Greece. They were almost equally... between 18 and 20 billion euros. Across the last five years, foreign direct investment in Greece has... was cited as the leading element that should be improved in order to attract foreign direct investment
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S&P keeps B+ rating and positive outlook, stresses factors for stronger growth
Economyremains challenged and foreign direct investment is modest compared to peers. On this note, the decision by the Greek authorities to direct expenditure from public investment to social transfers will act... level, that would weaken the recovery in the labout market. As a result, as foreign direct is at low
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Going for Growth: What next for Greece's economy and banks?
Agorawhere on a much better footing. In terms of inward foreign direct investment (FDI), record inflows... management consultancy firm or insurance company beyond regional operations (sorry Hellas Direct)? And yet.... Firstly, Greek shipping firms pay no direct tax to the public purse. Secondly, despite the largest
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BoG runs numbers to show how tackling NPE stock will benefit banks' bottom line
EconomyBankingstock of NPEs has a direct impact on banks’ profitability. This leaves Greek lenders in a vicious.... The analysts find that there is a direct and one-directional relation between NPEs and banks’ profitability... solutions that will allow the domestic banking sector to direct funding to dynamic and export-oriented
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Microsoft deal welcomed as Greece vies for more foreign investments
EconomyFeaturesa heavy impact thanks to the volume of direct and indirect reliance on tourism. Mitsotakis called... after Q1’s figure of -6.4 percent. Greece has been struggling to attract foreign direct investment... the survey summary, EY noted the vital role that foreign direct investment (FDI) is expected to play
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Minister discounts lockdowns, vaccine mandate extension amid Covid surge
PoliticsGreek Politicsof direct awards is seen as cause for concern, while it is also noted that public authorities are able to divide larger contracts up into smaller units in order to get around size limits on direct awards... for direct awards, which accounted for two thirds of the monthly total.
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How economic sanctions on Russia could affect Greek economy
Agora. Foreign Direct Investment (FDI) Russian FDI in Greece is not significant. Since 2012 Russian entities..., but also natural gas. The main categories of exports to Russia historically were foodstuffs. Direct..., Greece and the majority of Greek businesses have very limited direct exposure to Russia
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Newsletter 330 - 04/03/2022
billion euros, or 11 pct of the total. The current direct impact on tourism is mostly measures on opportunity cost as travel from Russia was expected to recover in 2022. Russian foreign direct investment... of FDI of 2019. Although the government could take some comfort in the rather contained direct impact
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