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  1. Greece's golden visa scheme brings revenues, but risks as well

    EconomyFeatures

    and their immediate family a five-year residence permit. To qualify, under Law 4251/2014, applicants must buy... of residence permits linked to property have been growing at an increasing rate year-on-year. At the end... the rules for similar schemes, or have already done so. Earlier this year, Cyprus announced

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  2. Athens prepares 2019 draft budget amid pension cuts dilemma
    Finance Ministry

    EconomyProgramme

    The Greek government is set to take the next step in its efforts to call off next year’s pension... to Parliament on Monday. Given that the discussion with the institutions over next year’s reduction... year’s pension cuts with his eurozone counterparts) to take place. It has already been suggested

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  3. Question mark over pension cuts in 2019 draft budget as Athens looks to lenders
    Photo by MacroPolis

    EconomyProgramme

    The Greek government will not include next year’s pension cuts, or will at least present a scenario... on Monday as it steps up its efforts to scrap the measure, which was pre-legislated last year. A senior... be sacrificed to ensure that the 3.5 percent of GDP primary surplus target is not at risk next year

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  4. Car sales drop by 0.8 pct in September
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    gone up. In September last year, car sales registered a rise of 30.1 percent. Car sales for the month came to 11,668, the lowest since September last year, when the figure came to 11,767. Out..., totalling 131,712. In the first nine months of the year, the remaining sales were made up of motorcycles

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  5. IMF raises growth forecast for 2019, lowers sharply medium-term expectations
    Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]

    EconomyMacroeconomy

    projections for Greece. The Fund keeps its growth estimates steady for this year, seeing real GDP growth at 2 percent. For next year, GDP growth is revised upward to 2.4 percent, from 1.8 percent... in the last quarter of this year, expecting the Greek economy to grow by 2.2 percent, from 2.7 percent

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  6. New overdue taxes rise by 849 mln in August with total stock at 102.81 bln

    EconomyMacroeconomy

    this week. The aggregate figure for the first eight months of the year showed that new tax debt totalled 6.42 billion, lower than the figure for the same period last year by just under 25 percent. New... percent in July. For the first eight months of the year, the income tax collectability rate stood

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  7. August current account shows surplus of 1.56 bln as deficit in primary income account grows
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    . The respective figure for the same time last year showed a surplus of 1.83 billion, meaning that year-on-year (YoY), the headline figure has declined by 261.5 million, or 0.1 percent. The month’s... in August, rising by 1.4 percent YoY. For the same period last year, the travel balance came

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  8. Disposable income grows by 3.3 pct in Q2
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    Greek household disposable income grew by 3.3 percent year-on-year in the second quarter (Q2... Statistical Authority (ELSTAT) data released on Monday. The year-on-year change in disposable... totalling around 24.7 percent. Property income rose by 0.2 percent year-on-year to reach 2.34

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  9. IMF distances itself from budget talks, leaving Athens and EU to hammer out deal

    EconomyProgramme

    implement the pension cuts it has agreed for next year, it will leave it up to Athens and its European... year’s budget, even though the organisation would like to see the pension cuts, as well as the lowering of the tax-free threshold due in 2020, proceed as agreed last year. “On the pension reform

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  10. With eye on elections, Tsipras talks up public sector hirings
    Photo by Andrea Bonetti/Fosphotos

    PoliticsGreek Politics

    Selection (ASEP) next year, but that the hirings would be made in 2020. He added that another 8,500 hirings are expected each year until 2022 to make up for the expected departure (mostly retirement... with 4,500 next year. Meanwhile, the Interior Ministry estimates that there are roughly 35,000

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