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Record year for Greek tourism raises concerns about sustainability
EconomyFeaturesof visitors to make up for diminishing returns. This trend can be largely accounted for by the impact... a drop in arrivals. Mykonos airport received 1.7 percent fewer visitors, mainly due to a 5.9 percent drop in international passengers according to figures published by operator Fraport Greece
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Athens prepares to send draft budget to Brussels, lines up next tax measures
PoliticsGreek PoliticsThe government is hoping to wrap up on Monday the budget negotiations it has been having over the last few weeks with the European institutions so next year’s draft economic plan can be submitted.... New Democracy is said to be looking to replicate the Italian model for attracting wealthy non-doms
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Government lines up crackdown on NGOs as next piece in harsher migration policy
PoliticsGreek Politicspins Greece’s descent on three deep-seated flaws: a stagnant production model, rampant corruption... pressures, remains to be seen. The Greek public may end up seeing his interventions, which
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Newsletter 95 - 11/11/2016
, which makes up almost 21 percent of the index, fell by 2.8 percent. The biggest drop of 15 percent... unemployment rate edged up to 23.4 percent in August, from an upward revised 23.3 percent in July... reflects a drop in the number of employed by 7,000 to 3.36 million, coupled with an increase
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Newsletter 111 - 17/03/2017
, the number of tax debtors edged up by 26,623 in January, after a short-lived drop by around 165,800... that Brussels favours Greece being “within the framework of the European social model” when it comes... areas recorded a drop in Q4, with the most notable deterioration in information service (-29.6 percent
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General government primary cash surplus expands to 3.9 bln by August, arrears drop further to 6.3 bln
EconomyMacroeconomyto 28.24 billion followed by transfers, up 1.91 billion to 5.88 billion. Social contributions also... of non-financial assets (+351 million). Moreover, compensation and subsidies edged up modestly by 83 and 69 million respectively. Interest payments was the only expenditure item that posted a drop of 254
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Greek industrial turnover drop accelerates in April
EconomyMacroeconomyto the Hellenic Statistical Authority (ELSTAT). The April reading indicates the highest drop since December..., with the highest drop posted in the last three months of 2013 and April this year. That said... of the recorded decrease in April fully reflects a double-digit drop in manufacturing turnover (down 10 percent
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BoG stresses more work needed on NPE reduction, pushes bad bank idea
EconomyBankingof 7.1 billion. The 7.6-bln-euro drop during the first quarter of 2020 was mostly driven by Eurobank... from the scheme will be borne by banks, not the Greek taxpayer, up to the point of minimum capital... be an opportunity to change the country’s economic model and transform the business model of credit
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Newsletter 439 - 01/11/2024
intent was to proceed with gradual and fiscally sustainable tax cuts for the rest of its term up... remains ahead of the pack with 27.6 pct of voting intentions, ahead of PASOK, which has now edged up... a particular model of having attracted global technology companies and high value-added sectors like
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Travel receipts drop 9.2 pct in Aug, dragging balance down 10.6 pct
EconomyMacroeconomyup 1.8 percent to 5.08 million. The most notable rises in inbound traveller flow were recorded... the biggest drop of 15.9 percent followed by France (-9.8 percent), while those from Russia eased 1.5... by 11.2 percent to 11.85 million in the 8-month period and make up almost 69 percent of total, while
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