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Budget primary surplus at 1.94 bln in H1, beating target by 1.5 bln on underspend
EconomyMacroeconomybillion euros in June reflecting a similar decline in both direct and indirect taxes by 9.7 and 9.4... attributed to a better than expected performance of direct taxes. In the 6-month period, gross revenues... expected indirect taxes (by 323 million), while direct taxes beat target by 127 million
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Budget primary surplus at 3.02 bln in July, above target by 926 mln on strong underspend
EconomyMacroeconomypercent and a drop in direct taxes by 3.3 percent. Overall tax revenues were below the monthly target...), other direct taxes (-8.2 percent) and personal income tax (-7.1 percent). In the seven-month period... mainly from higher than expected indirect taxes which outperformed the target by 230 million. Direct
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Draft budget highlights taxpayer fatigue, creates policy mix doubts
EconomyMacroeconomyfor this underperformance is from direct taxation and specifically that of individuals, which is seen totalling 20.37... this in, direct taxation will fall 945 million short of its target. The alarming signals on the revenue side... measures with little effect. Direct taxes estimates for 2018 have also been downward revised from
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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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