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  1. Piraeus Port Authority lays out major development plans
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyFeatures

    Piraeus Port Authority (PPA) on Monday unveiled its ambitious 10-year investment plan, involving an estimated 500 million euros in investments. The plan, titled “Master Plan of the Port of Piraeus... cruise ship terminal will be able to accommodate six cruise liners and bring in an estimated 580,000

    2%

  2. Retail sales drop by 1.7 pct in November, corresponding volume falls 2.9 pct
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    percent compared to last year. December 2017 sales are estimated to reach 4.09 billion euros, from 4.03 billion in 2016. Overall in 2017, total retail turnover is estimated at 42 billion, from 41.4 billion

    2%

  3. Greece’s unstable and confusing tax system failing to deliver results
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    of any OECD country, with tax evasion estimated at between 2 to 5 percent of GDP per year according... costs for businesses in 2013 were estimated at 335 million euros, or 12.6 percent of the state’s

    2%

  4. VAT revenues up in 2016 but rate hikes fail to close gap of 29 pct
    Photo by MacroPolis

    EconomyFeatures

    and the estimated VAT amount that is theoretically collectable based on legislation. The latter... of VAT lost across the EU in 2016 is estimated at 147.1 billion, equal to a loss of 12.3 percent

    2%

  5. Banks submit new NPL targets to SSM, with sales leading way in reduction drive
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyBanking

    strategic defaulters. The number of such defaulters is estimated between 45,000 to 50,000. Legal experts..., returning to a normal banking system will be a crucial step. It is estimated that by the end

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  6. Population projections show demographic problem set to worsen in coming decades
    Photo by Panagiotis Tzamaros/Fosphotos

    Society

    Authority (ELSTAT), Greece’s population is estimated to have fallen from 11.1 million recorded in 2011... migration was estimated at 8,920 people at the end of 2017, with 112,247 immigrants versus 103,327

    2%

  7. Newsletter 195 -22/02/2019

    Newsletters

    to result in a positive decision regarding the disbursal of the ANFA and SMP bond profits, estimated... on the disbursal of the ANFA and SMP bond profits estimated at between 650 and 750 million euros. expected

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  8. Athens hopeful release of 970 mln will be approved at Friday's Eurogroup
    Photo via Fosphotos

    EconomyProgramme

    , it is estimated that two to three weeks will be needed for some member states’ parliaments to approve... up, estimated at around 28 billion euros, to pay off at least some of its loans to the IMF early

    2%

  9. Banks focus on reducing NPLs linked to property
    Photo by MacroPolis

    EconomyMacroeconomy

    for more than half of long term restructurings in 2019–2021. The total sum involved is estimated at 1.4... the servicing perimeter to other portfolios. The total cases are estimated at 300, with NBG’s

    2%

  10. PBO sees fiscal target being reached despite expansionary measures
    Photo by MacroPolis

    EconomyProgramme

    the committed fiscal target at risk. The General Accounting Office had estimated the total cost... is estimated at 80 million. The Finance Ministry expects close to 300 million to come in the state

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