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VAT gap remains high as non-compliance overtakes revenue rise
EconomyFeaturesby 2.6 percentage points (pps) year-on-year between 2016 and 2017, which was the highest (pps) increase... expected VAT revenue. This represents a decline of 1 pps year-on-year. Though declining slightly... on tourism products and services, a three-year VAT holiday on construction and the overall reduction
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Industrial production drops by 2.1 pct in July
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) decreased by 2.1 percent year-on-year (YoY) in July... months of the year showed that the IPI rose by 0.8 percent. The figure was driven by a 1.7 percent rise... confidence declined by 1.1 points month-on-month to stand at 0.6 points. Year-on-year, industry
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New overdue tax debt comes to 104.8 bln in July, number of debtors jumps
EconomyMacroeconomymonths of the year revealed that new tax debt totalled 3.93 billion, lower than the figure for the same period last year by 17.7 percent. In June the total stood at 3.61 billion euros. New unpaid.... For the first seven months of the year, of the 1.18 billion due for income tax, 813.5 million have been paid
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Athens preparing to present budget plans to lenders after tax cut pledges
EconomyProgrammepromised on the campaign trail earlier this year but was light on details when it came to what kind... from 28 to 24 percent next year is costed at around 500 million euros, but told journalists...’s tax cuts with the 3.5 percent of GDP primary surplus target for next year, which Mitsotakis has
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CPI drops by 0.2 pct in August
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) contracted by 0.2 percent year-on-year (YoY) in August after... percent year-on-year in August. Month-on-month, the HICP showed a fall of 0.6 percent. The overall... rising by 1.3 percent this year from a rise of 0.8 percent in 2018.
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Car sales rise by 20.2 pct in August
EconomyMacroeconomyto the first release. In August 2018, the year-on-year rise had come to 36.8 percent. Car sales for the month came to 17,350 compared to 14,434 in August last year. Out of the total, passenger car sales... prefecture. The aggregate figure for the first eight months of the year showed that sales increased
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Athens submits APS plan aiming to remove up to 30 bln of NPLs from bank balance sheets
EconomyBanking, from 94.4 billion the previous year. The ratio stood at 45.4 percent of total loans, down from... at 12.9 billion and NPL stock came to 9.1 billion in the first half of the year. Sales totalling 14.5 billion euros were reported by the banks for the remainder of the year. The largest of these comes
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Industrial turnover rises by 4.3 pct in July
EconomyMacroeconomyGreece’s industrial turnover increased by 4.3 percent year-on-year (YoY) in July following... on Thursday showed. July’s reading is the third highest reading for the year so far. The 12-month trailing... by 1.1 points month-on-month to stand at 0.6 points. Year-on-year, industry confidence has fallen by 5.7
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Cenergy Holdings posts net profits of 4.3 mln
EconomyCorporatesCenergy Holdings financial results for the first half (H1) of the year show that the group’s revenue rose by 10 percent during the first six months of the year. Sales for H1 2019 totalled 496.7... last year. This was attributed to the group’s strategy of focusing on delivering high margin and high
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Retail turnover drops by 2.7 pct in July, volume falls by 3 pct
EconomyMacroeconomymonth’s contraction is the sharpest for the year so far, and the most negative reading since June... of increases and decreases in the year so far, with the current volume index being the lowest since February this year when the reading came to -3.1 percent. Compared to July 2018, the main drops in turnover
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