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  1. Newsletter 161 -11/05/2018

    Newsletters

    to 25.5 percent of GDP. The revenue for 2017 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

    4%

  2. Budget primary surplus confirmed at 2.29 bln in April on improved tax collections, lower PIB spending
    Photo by Yannis Drakoulidis/Fosphotos

    EconomyMacroeconomy

    four months of the year, direct taxes rose by 4 percent to 4.52 billion and beat their target by 171... last year, while direct taxes also rose by 7.4 percent. Privatisation proceeds in the aggregate

    4%

  3. S&P upgrades Greece to 'B+' on back of Eurogroup agreement
    Photo by Panayotis Tzamaros/Fosphotos

    Economy

    authorities have a poor record of attracting direct investment from abroad. Further credit ratings upgrades would be considered by S&P if policy predictability gets stronger, net foreign direct investment

    4%

  4. Greeks seen working longer, until July 18, to meet annual tax bill

    Society

    that this year Greeks will work 50 days for direct taxes, 67 days for indirect taxes and 81 days for social.... All three of these issues are direct concerns for the Greek economy as well. Less than half

    4%

  5. Budget primary surplus confirmed at 2.05 bln in July on lower PIB expenditure
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    , direct taxes declined by 3.5 percent to 8.96 billion, below target by 449 million. This was driven... by 6.3 percent YoY and came to 2.63 billion. Direct taxes showed a decline of 6 percent and landed

    4%

  6. Primary surplus confirmed at 4.80 bln on lower tax refunds and public investments
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    billion, below target by 507 million euros. Direct taxes fell by 1.9 percent YoY in the aggregate period... basis, indirect taxes rose by 2.1 percent YoY and came to 2.15 billion. Direct taxes meanwhile fell

    4%

  7. September current account surplus at 550.8 mln as goods deficit increases
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    no notable change in September under direct investments. Portfolio investment showed a net increase..., residents’ external assets under direct investment increased by 517 million euros, while

    4%

  8. October current account deficit at 871.3 mln as goods balance worsens
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    ’ net external assets showed no notable change in October under direct investments. Portfolio investment... and T-bills. During the aggregate period, residents’ external assets under direct investment increased

    4%

  9. Primary surplus confirmed at 3.34 bln in Dec, misses annual target by 367 mln
    Photo by MacroPolis

    EconomyMacroeconomy

    for the full year. Direct taxes rose by 1.3 percent YoY and came to 20.89 billion. Income tax... to 3.14 billion. Direct taxes grew at a stronger pace and rose by 9 percent to 2.37 billion. Privatisation

    4%

  10. FDI, rather than tax cuts, holds key to stronger growth rates - study

    EconomyFeatures

    A study by IHS Markit which analysed the various growth policies and factors that could contribute to Greece’s future long-term economic growth found that raising foreign direct investment (FDI... in investment in other industries thanks to improved financing conditions. By 2025 the combined direct

    4%