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  1. Current account deficit eases by 410.6 mln in April
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    to 387.2 million. Financial account Residents’ external assets and liabilities under direct... transactions were recorded under direct investment. The portfolio investment showed a net decrease... period, residents’ external assets under direct investment increased by 908 million, while

    5%
  2. Current account deficit rises by 124.3 mln in May
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    Residents’ external assets and liabilities under direct investment rose by 89 million and 251 million, respectively, during May. The BoG noted that no remarkable transactions were recorded under direct... under direct investment increased by 997 million, while corresponding liabilities grew by 1.6

    5%
  3. Budget primary surplus at 1.94 bln in H1, beating target by 1.5 bln on underspend
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    billion euros in June reflecting a similar decline in both direct and indirect taxes by 9.7 and 9.4... attributed to a better than expected performance of direct taxes. In the 6-month period, gross revenues... expected indirect taxes (by 323 million), while direct taxes beat target by 127 million

    5%
  4. Budget primary surplus at 3.02 bln in July, above target by 926 mln on strong underspend
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    percent and a drop in direct taxes by 3.3 percent. Overall tax revenues were below the monthly target...), other direct taxes (-8.2 percent) and personal income tax (-7.1 percent). In the seven-month period... mainly from higher than expected indirect taxes which outperformed the target by 230 million. Direct

    5%
  5. Draft budget highlights taxpayer fatigue, creates policy mix doubts
    Photo by Gerarsimos Domenikos/Fosphotos

    EconomyMacroeconomy

    for this underperformance is from direct taxation and specifically that of individuals, which is seen totalling 20.37... this in, direct taxation will fall 945 million short of its target. The alarming signals on the revenue side... measures with little effect. Direct taxes estimates for 2018 have also been downward revised from

    5%
  6. Budget primary surplus at 4.65 bln in 11-month on lower expenditure
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    by 3.4 percent. Conversely, direct tax revenue fell by 3.7 percent, driven largely by a 5.4 percent... period and stood at 42.37 billion euros. Both direct and indirect taxes exceeded their targets... on fuel (+24 million euros) and direct tax arrears (+19 million euros). Expenditure Primary

    5%
  7. Tourism accounts for 27.3 pct of Greek GDP in total, study shows

    EconomyFeatures

    is divided between direct and indirect contributions of 18.3 billion and 30.2 billion, respectively. The study showed that in 2017, the direct contribution of tourism to the economy increased by 1.56 billion... percent) and the Ionian islands (12 percent). Broken down by direct revenue contributions to regional

    5%
  8. Foreign investors positive on Greece but ease of doing business remains low

    EconomyFeatures

    , equal to around 20 percent of total foreign direct investment in Greece. They were almost equally... between 18 and 20 billion euros. Across the last five years, foreign direct investment in Greece has... was cited as the leading element that should be improved in order to attract foreign direct investment

    5%
  9. S&P keeps B+ rating and positive outlook, stresses factors for stronger growth
    Photo by Panayotis Tzamaros/Fosphotos

    Economy

    remains challenged and foreign direct investment is modest compared to peers. On this note, the decision by the Greek authorities to direct expenditure from public investment to social transfers will act... level, that would weaken the recovery in the labout market. As a result, as foreign direct is at low

    5%
  10. Going for Growth: What next for Greece's economy and banks?
    Photo by MacroPolis

    Agora

    where on a much better footing. In terms of inward foreign direct investment (FDI), record inflows... management consultancy firm or insurance company beyond regional operations (sorry Hellas Direct)? And yet.... Firstly, Greek shipping firms pay no direct tax to the public purse. Secondly, despite the largest

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