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Data underlines Greece still has big wage gap to bridge
EconomyMacroeconomyearn less than 1,200 euros gross monthly. The main reason for this development is what unions have... fewer than 30 pct of workers fall into this bracket.
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Draft budget for 2025 sees 2.3 pct growth and strong primary surplus
EconomyMacroeconomythan 10 billion to 242.34 billion euros. Revenues On the fiscal front, the budget has broadly... by more than a billion to 26.51 billion euros and income taxes on individuals and firms seen at 24.94
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Government facing up to threat from rise of far right parties
PoliticsGreek PoliticsThe government is stepping up its criticism of Greece’s far-right parties, which New Democracy sees as a greater threat currently than the parties to its left. It was notable that during Monday’s... is based, winning more than 120,000 votes in the EP elections and gaining a seat in the European
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Androulakis shuffles pack in bid to leave SYRIZA behind and close gap on ND
PoliticsGreek Politicsthan handing out portfolios as he had done previously, Androulakis wants to show that he is focussed... industry rather than tourism, via strategic investments in strategic locations.
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Revision of GDP to have varied knock-on effect
EconomyMacroeconomythan 10 billion euros, hence making even more prominent the role of the RRF, with Greece having absorbed more than half of the 32 billion euros envelope, although concerns are raised that with time
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VAT and income tax boost revenues, budget underspend at 4.25 bln in Sep
EconomyMacroeconomyin September 2023. The overall balance is better than the target by 3 billion euros. Revenues Net revenues... higher than the target, mostly thanks to corporate taxation, up by 664 million euros from the target
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PMI shows slight improvement in Oct, sector outlook improves
EconomyMacroeconomyin the sector being stronger than the series average, though it is the second weakest in almost one year... reported in recent surveys, however, the rate of expansion was slower than earlier in the year
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PM puts tax cuts front and centre in bid to win back voters
PoliticsGreek Politicsthat the higher-than-expected revenues, which he attributes to a growing economy and the successful... than expected. New Democracy has repeatedly rejected calls from the opposition parties to reduce
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Spotlight on challenges to labour productivity growth
EconomyMacroeconomyproductivity growth and is an outlier is Ireland with more than 5 pct. The next cluster of countries... of firms in Greece that are classed as SMEs, employing less than 250 staff.
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Newsletter 440 - 08/11/2024
of the government’s plans. He explained that the higher-than-expected revenues, which he attributes... crisis, are one of the reasons that public coffers are fuller than expected. New Democracy has repeatedly
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