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  1. EC warns budget not on track due to handouts, advises against further underspend
    Photo by MacroPolis

    EconomyProgramme

    , the Commission indicated Greece will be close to its 3.5 percent of GDP target up to 2023, with 2022 showing... generous schemes, leading to a drop in revenues. The estimated loss of revenue is seen between 0.3

    6%

  2. Turnover in tourism drops by 19.2 pct in Q1
    Photo by MacroPolis

    EconomyMacroeconomy

    , when the index dropped by 5.4 percent year-on-year. The 19.2 percent drop in Q1 is the sharpest year... (SETE) annual outlook had predicted that tourist numbers could reach up to 30 million in 2018

    6%

  3. Report exposes fractured and incomplete response to refugees

    Society

    of interest due to low salaries and a high drop-out rate which led to gaps in coverage. Around 50.... The solution that authorities came up with was to host the removed refugees in hotels, which the report notes

    6%

  4. Credit contraction remains at 0.1 pct in May, balance at 161.16 bln
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    is the lowest since January 2011, when a drop of -0.2 percent was noted. The net lending flow remained... balance falling to 55.64 billion euros. Loans to sole proprietors edged up by 1 million euros after

    6%

  5. ND ready to flesh out its policy agenda, with focus on tax plans

    PoliticsGreek Politics

    replace SYRIZA’s reduction this year with its own 10 percent horizontal cut, and follow this up with two... to an estimated drop of 565 million euros in revenues. However, the government will also have to reveal its

    6%

  6. Credit contraction stays at 0.2 pct in Jun, balance at 161.16 bln

    EconomyMacroeconomy

    which has stayed at levels not seen since January 2011, when a drop of -0.2 percent was noted... billion euros. Loans to sole proprietors dropped up by 5 million euros after a slight positive reading

    6%

  7. Falling T-bill yields underline market confidence in Greek debt, promise lower servicing costs
    Photo by Panayotis Tzamaros/Fosphotos

    Economy

    The positive mood in Greece’s public debt market is showing no signs of letting up and was again reflected in the auction of 26-week T-bills that took place on Wednesday. Greece’s Public Debt... for the 52-week T-bills, which closed 2018 with a yield of more than 1 percent, to drop under 0.5 percent

    6%

  8. VAT gap remains high as non-compliance overtakes revenue rise
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyFeatures

    , including revised figures for the years leading up to 2017. In Greece, VAT revenues rose by 2.2 percent... percent in 2017. The report anticipates a drop in the VAT gap in 2018 which will bring it to 31

    6%

  9. CPI drops by 0.2 pct in August
    Photo by Pavlos Svoronos/Fosphotos

    EconomyMacroeconomy

    , the CPI for August fell by 0.5 percent when compared to July. The core index edged up by 0.7 percent...-alcoholic beverages. This was followed by a 1.7 percent drop in recreation and culture, a 1.6 percent

    6%

  10. Mitsotakis promotes constructive role as talks over electoral process continue
    Photo via @kmitsotakis

    PoliticsGreek Politics

    their countries of residence. The change in legislation could affect up to 500,000 Greeks abroad, according... combative approach) can deliver results. “I hope that the intensity of political clashes will drop

    6%