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  1. Draft budget for 2026 sees growth accelerating to 2.4 pct, tax collections remaining strong
    Photo by MacroPolis

    EconomyMacroeconomy

    . The draft budget slightly revises the growth estimate for this year to 2.2 pct, from 2.3 pct... seen to grow by 5.7 pct this year and exports growth is seen at 2.2 pct. Investments were... for this year of 247.51 billion. Consumer prices next year are seen rising by 2.2 pct, slowing from 2.6 pct

    5%

  2. A closer look at Greece's 2013 budget primary surplus of 603 mln

    EconomyMacroeconomy

    down 2.1 percent to 3.1 billion, 204 million above target. Direct taxes rose 3.2 percent.... That said, direct taxes came in 181 million above target primarily due to outperformance by property taxes

    4%

  3. Tourist arrivals in Greece up 18.7 pct in 2013 but lower average spending points to missed potential
    Photo by MacroPolis

    Economy

    and Tourism Council (WTTC) 2014 report, with Greece’s travel and tourism’s direct contribution.... In terms of how much travel and tourism direct contributes to employment in Greece, this stands at 8.9

    4%

  4. C/A deficit to April narrows by 34.7 pct boosted by services

    EconomyMacroeconomy

    direct investment in Greece showed a net outflow of 60 million in April following a net inflow of 233 million posted in March. As a result, the direct investment in the 4-month period was reduced

    4%

  5. As imports rise, Greek C/A balance flips back to deficit in May

    EconomyMacroeconomy

    transfer receipts, despite a worsening performance in May Non-resident’s direct investment in Greece... increase of Eurobank. The year to date direct investment increased accordingly to 881 million to May from

    4%

  6. Lower expenditure helps Greece post 707 mln primary budget surplus in first half of 2014
    Photo by MacroPolis

    Economy

    plan proceeds and direct tax arrears were the key revenue categories posting an underperformance. Direct taxes soared 37.4 percent in June, leading the 6-month figure up 9.3 percent to 8.58 billion, 451

    4%

  7. Services help increase Greek current account surplus to 1.37 bln in June

    EconomyMacroeconomy

    -resident’s direct investment in Greece showed a net inflow of 55 million euros in June from 653 million... in Eurobank Properties to Wellington Management LLP. As a result, the year to date direct investment

    4%

  8. Greek current account surplus up to 1.6 bln in September after fourth straight rise

    EconomyMacroeconomy

    ’s direct investment in Greece in September, as was the case in August. As a result, the respective..., while residents’ direct investment abroad showed a net outflow of 422 million euros. Under

    4%

  9. Travel receipts up again in September, reaching 2.3 bln
    Photo by MacroPolis

    EconomyMacroeconomy

    increase on last year’s figure of 20 million. However, SETE has not altered its estimate for direct... that tourism’s direct and indirect contribution to the economy corresponds to revenues of 37.6 billion

    4%

  10. Accommodation and food services index up 7.6 pct in Q3
    Photo by Harry van Versendaal

    EconomyMacroeconomy

    that the hike in the VAT rate has a direct positive impact on VAT revenues by at least 350 million euros... the total (direct and indirect) negative impact on 2015 GDP would reach 3.8 billion. It also highlighted

    4%