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  1. Troika review begins with fiscal targets and tax breaks in focus
    Photo by MacroPolis

    EconomyMacroeconomy

    at 13 percent. Kathimerini also notes that tax interventions for 2016 include a further drop... of installments for unpaid taxes and social security contributions (SSC) from 12 up to 100 and at the same

    6%

  2. SMEs, backbone of Greek economy, have shed 27 pct of jobs since 2008

    Economy

    , making up 72 percent of added value and 86 percent of employment. These proportions..., SME employment is expected to drop by another 106,000 to 1.65 million in 2015. Similarly, the number

    6%

  3. IMF lowers medium-term forecasts for Greek debt, 2014 financing needs

    Economy

    a deeper drop in consumer prices this year, the IMF expects deflation at 0.8 percent in 2014 from 0.4... forecasts stand up to 2 pp lower than in April, at 152 percent in 2017 and 135.3 percent in 2019. On gg

    6%

  4. Increase in car sales accelerates to 44.3 pct in September

    EconomyMacroeconomy

    ) is in line with the total headline figure. Following a sharp drop of more than 30 percent in each.... The main financing source of consumers is car loans, which make up a large portion of consumer credit

    6%

  5. Greece sets out plans for settling SME NPLs; mortgages to come

    Economy

    are up to 500,000 euros per SME qualify for the scheme. The applied haircut would exceed 50 percent... a reduction of 30 percent in the property value broadly, which is broadly in line with the drop

    6%

  6. Primary surplus narrows to 2.4 bln in October as revenues miss target

    Economy

    for the government legislation offering up to 100 instalments for the overdue taxes. Also, the 10-month revenue... of a 107 million surplus. The continuous weakness reflects a drop in PIB revenues by 12.4 percent

    6%

  7. OECD sees more growth, falling unemployment in Greece

    EconomyMacroeconomy

    (from 26.7 percent) in 2015. An additional drop of 1 pp to 24.1 percent is projected for 2016... projections (as a percentage of GDP) by up to 3pp, they remain above the 170-percent mark for the projected

    6%

  8. ILO highlights social impact of Greek crisis, proposes change in policy
    Photo by Harry van Versendaal

    Society

    . The coverage ratio is particularly low among the long-term unemployed. The sharp drop in disposable... exclusion for the employed slightly increased after 2011 but for the unemployed has shot up by 10

    6%

  9. Greek current account balance turns negative in October after four month of surpluses
    Photo by MacroPolis

    EconomyMacroeconomy

    of ships showed a considerable drop. Despite the negative result in October, the 10-month C... by higher trade deficit (up by 908 million) and lower current transfers’ surplus (by 726 million

    6%

  10. Sharp monthly rise in unpaid taxes to 1.59 bln for November
    Photo by MacroPolis

    EconomyMacroeconomy

    in a cumulative outstanding tax debt of 72.78 billion, up by 1.52 billion on the end-October figure of 71.26... drop in November, yet the 11-month figure stands at 25.2 percent compared to an annual target of 50

    6%