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  1. VAT gap of 30.1 pct in 2018 keeps Greece among worst performers in EU

    EconomyFeatures

    The European Commission's VAT Gap report has revealed that the European Union lost an estimated 140 billion euros in Value-Added Tax (VAT) revenues in 2018, equal to a total revenue loss of 11 percent across the EU, with Greece ranking among the worst performers. The VAT gap is a measure of VAT

    40%

  2. Italian support over Libya buoys Athens as it looks to build broad East Med alliance
    Photo by Finnish Presidency of EU

    PoliticsForeign Policy

    Jurisdictions Memorandum that Turkey signed last November with the UN-backed government in Libya... signed by Libya and Turkey on the delimitation of the continental shelf is unacceptable, infringes... on the issue of Libya. Government spokesman Stelios Petsas confirmed on Tuesday press reports that Greece

    39%

  3. EC study: VAT gap in Greece at 34 pct, more than double the EU average

    Economy

    The European Commission published a study on Friday that examines the evolution of the VAT gap across the EU according to the latest available data for 2013. The VAT gap is defined as the difference between the amount of VAT that is actually collected and the estimated VAT amount

    39%

  4. What this week's VAT changes mean for household budgets and public coffers
    Photo by MacroPolis

    EconomyProgramme

    included a large reshuffling of VAT rates. The new basic VAT rate was set at 23 percent, while.... Although VAT rates remained broadly stable, the key changes relate to reshuffling of products and services among the three VAT categories. The super-reduced rate includes only pharmaceuticals, books

    38%

  5. Greek VAT gap narrowed 22.4 pct to 4.9 bln in 2014, EC report shows

    Economy

    The European Commission (EC) published a report on Tuesday examining the evolution of the VAT gap in EU countries based on the most recent data available, from 2014. The VAT gap is a measure of VAT compliance and it is defined as the difference between the amount of the collected VAT revenues

    38%

  6. Capital controls trigger big rise in card use and VAT revenues, Bank of Greece data shows

    EconomyMacroeconomy

    controls in July 2015 is having a positive impact on VAT revenues by improving collectability, the Bank..., the recent rise in the VAT rate is having a negative effect on VAT revenues and the BoG suggests the launch of more initiatives to widen further the use of cards as well as the lowering of VAT rates

    38%

  7. Greek pensions laid bare
    Photo by MacroPolis

    Agora

    pensions amounts to 884 euros. Note, though, that for around 45 percent of pensioners their monthly... and they receive on average monthly pensions of 771 euros. This is below the overall average of 884 euros since... to SSFs serve a varied role. Aside from plugging funding holes in various pension funds, in 2014 the state

    37%

  8. Turkey and Western Balkans top Greek agenda at European Council

    PoliticsForeign Policy

    allies. Turkey carries a particular influence in Libya, a country of a special interest to Italy... process for the de facto reunification of Libya and called on all sides to avoid violence... Affairs Council on Tuesday and in statements following his meeting with his Hungarian counterpart

    37%

  9. FM rallies opposition to Turkey-Libya deal as Athens prepares for EastMed signing
    www.mfa.gr

    PoliticsForeign Policy

    from Ankara’s side, especially following the signing of two memoranda with Libya. In this context... announcement said that talks centred on the situation in Libya and prospects of ending the civil

    36%

  10. Greece, Turkey launch new round of talks as Libya sea deal casts shadow
    Photo via www.mfa.gr

    PoliticsForeign Policy

    Foreign Minister Nikos Dendias is due in Brussels on Monday to attend the General Affairs Council which will focus, among other things, on the ongoing developments in Libya. According to media... in Libya on November 29, 2019. The inclusion of the memorandum’s sea zone maps in the UN's database

    36%