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  1. Bill aims to encourage more electronic transactions in Greece

    EconomyMacroeconomy

    expenses as of next year. In addition, the draft law foresees the launch of a lottery on transactions... surcharge subject to the reference year of the tax form. It ranges from 5 percent if the reference year is 2009 and increases to 25 percent if the reference year is 2001. There is no additional penalty

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  2. Budget primary surplus to Nov reaches 7.4 bln on continued strong revenue performance
    Photo by MacroPolis

    EconomyMacroeconomy

    by 71.7 percent from last year’s figure of 4.34 billion, the Finance Ministry (MoF) preliminary budget... the fourth highest reading in the course of the year. Overall, revenues increased by 8.9 percent... contributor to the budget over-performance this year. A breakdown of the revenue and expenditure items

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  3. Newsletter 104 - 27/01/2017

    Newsletters

    , marking the two-year anniversary of the coalition coming to power, in which he said the government... in the last eight quarters. For the whole year, revenue collection stood at 820.2 million, up by almost... in the last quarter of the year. Greek households’ net financial wealth tumbled by 37.5 percent during

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  4. New overdue taxes jump by 1.3 bln in Dec, total stock climbs to 54 pct of GDP
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    a rise of more than 7,500 in the previous month. The aggregate figure for the whole year showed...) slightly improved to 22.5 percent for the whole year from 21.3 percent in the 11-month period... in the first half, the full year figure landed at 39.7 percent with collected revenues of around 235

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  5. Newsletter 106 - 10/02/2017

    Newsletters

    billion a year ago, according to the Finance Ministry GG bulletin. The breakdown revealed revenues... overperformance last year was the key contributor to the overall fiscal outcome, with the Finance Ministry... year, the IPI improved by 2.3 percent, mostly reflecting a rise in manufacturing production by 4

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  6. Building activity down 1.4 pct in November
    Photo by Harry van Versendaal

    EconomyMacroeconomy

    corresponds to a disproportionally high positive or negative change compared to the previous year’s... respectively. Building activity remains in a steady downswing for the 11th straight year, with building... decreased by 0.6 percent from last year in the fourth quarter (Q4) of 2016 but rebounded by 0.6 percent

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  7. Primary cash surplus down to 248 mln in Jan, including modest arrears repayment of 41 mln
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    from last year’s figure of 287 million. The breakdown revealed that revenues posted a double-digit growth of 17.2 percent and stood at 3.68 million euros in January, up by 541 million from last year... in interest payments, which climbed to 180 million in January from 116 million a year ago. Moreover

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  8. Current account deficit widens to 933 mln in December, 2016 balance turns to deficit of 1.1 bln
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    a year ago, Bank of Greece (BoG) figures revealed on Monday. The deterioration is largely attributed... million leading travel surplus to 54.7 million in December from just 4.8 million a year ago... an increase in general government net payments. For the whole year, C/A balance turned to a deficit

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  9. First day of talks highlights distance that needs to be covered
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    of this year, the institutions are said to have appeared concerned about a potential revenue shortfall from... predicted for this year. Meanwhile, the government is discussing with lenders the creation of a mechanism that would allow for a more precise estimate of each year’s fiscal outcome close to the end

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  10. Newsletter 109 - 03/03/2017

    Newsletters

    point to a primary surplus close to 3 percent of GDP for the whole year, way above the programme.... It is worth noting that a similar pattern was also exhibited last year, when the December 2015... is similar to that of the same period last year when a positive flow of 2.65 billion was followed

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