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  1. If rising card use in Greece meets EU average, VAT revenues would see 3.3 bln boost - study

    EconomyMacroeconomy

    between 2015-2017. Total card use penetration had a significant positive effect on tax compliance and led to at least 50 percent of total annual VAT revenues increasing in 2017. IOBE notes that if card

    2%

  2. Newsletter 172 -27/07/2018

    Newsletters

    last year. Receipts were driven by an increase of 23.6 percent in foreign arrivals, coming to a total... and wealth, along with a smaller rise in social contributions. The figures showed that employees’ total

    2%

  3. Special tax structure would benefit hotels and jobs, bank argues
    Photo by George Vitsaras/Fosphotos

    EconomyFeatures

    combined represent 46 percent of the total market share in Greece in 2017, up from 30.3 percent in 2004... a tax rate of 24 percent. For all-inclusive services, 30 percent of the total price is subject to 24

    2%

  4. July current account shows surplus of 1.58 bln as tourism drives services surplus
    Photo by Yannis Drakoulidis/Fosphotos

    EconomyMacroeconomy

    prices, total exports of goods rose by 6.9 percent, and total imports by 7.7 percent. In absolute

    2%

  5. PDMA readies bond schedule for 2019, with eye on prepayment of IMF loans
    Photo by Panayiotis Tzamaros/Fosphotos

    Economy

    is scheduled for June 2024. Greece started repaying the EFF in 2016. Total obligations to the IMF next... years, the IMF is one of Greece’s most substantial creditors. Obligations to the Fund total 7

    2%

  6. Deposit inflows reach 1.30 bln in August on increased sight deposits
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    of 134.7 million. Total deposits, which also include the general government (gg), rose by 2.01... that Eurosystem funding fell by 382.1 million euros in August. August’s movement brings the total

    2%

  7. Banks submit new NPL targets to SSM, with sales leading way in reduction drive
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyBanking

    billion euros’ worth of bad loans, according to reports in the Greek media. Of the total, 25 billion... at a combined total of around 47.6 percent of the loan books at the end of the second quarter, far higher

    2%

  8. Draft budget contains two scenarios on pensions, charts course within agreed fiscal targets
    Photo by MacroPolis

    EconomyMacroeconomy

    improved by 290 million. Total net revenues are expected to reach 53.3 billion euros vs a target... billion euros. Expenditure in 2018 is expected to be broadly in line with the target. The total is due

    2%

  9. Falling bank shares prompt coalition to take closer look
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    of bad loans. Of the total, 25 billion are earmarked for sale or securitisation, 10 billion are due... banks, there will be few investors willing to step forward given that a total of 47.5 billion euros

    2%

  10. Hirings balance positive by 6,556 in September but momentum slows down year-on-year
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    . Total hirings came to 271,872 versus 265,316 departures. September’s departures were the highest... employment dropped to 47 percent of the total, compared to 40.5 percent for part-time work and 12.5

    2%