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  1. Programme review talks continue, progress on tax, pensions and NPLs at a premium
    Photo by MacroPolis

    EconomyProgramme

    , the government has proposed the introduction of an additional tax rate of 40 percent for income above... with 15-20 working years. The initial government red line of “no cuts to pensions” has been replaced... be an agreement on NPL sales. He noted that the government has proposed loans to SMEs and the self

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  2. Greece and lenders hold inconclusive talks on tax and pensions
    Photo by MacroPolis

    EconomyProgramme

    has to be lowered to 7-8,000 euros, while the government has counter-proposed a lower drop to around..., an agreement on the taxation of farmers is still pending. The government has reportedly proposed two

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  3. Declining flow of refugees gives struggling government some hope

    PoliticsForeign Policy

    of 1,968 in February. Also, reports from the Turkish coast indicate that smuggling activity there has... facility at the port. This has put a strain on limited resources and there has yet to be any definitive

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  4. Marfin Investment Group returns to profit in 2015

    Economy

    Marfin Investment Group (MIG) has released its 2015 annual results showing that for the first time... compared to a loss of 17.8 million in 2014. The group, listed on the Athens Stock Exchange since 2007, has... the challenging economic environment, MIG’s financial performance has improved substantially

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  5. Piraeus Port Authority announces profit increase for 2015
    Photo via www.olp.gr

    EconomyBanking

    The Piraeus Port Authority (PPA) has released its annual financial statement for 2015, showing post... and one of the largest in Europe, has a split ownership between COSCO (51 percent), the Greek Shipping... Piraeus. The Association of Mediterranean Cruise Ports has said that a 3.1 percent increase in cruise

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  6. Optimism for Cyprus solution abounds but talks at delicate phase
    Photo via @AnastasiadesCY

    PoliticsForeign Policy

    has leveraged its position due to the refugee crisis. EEZ complications Despite the increased... continental shelf in the Eastern Mediterranean, as has been registered before the UN.” The decision... compromises and is one of the reasons that he has played down the prospects of an agreement

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  7. Retail sales down by 3.8 pct in Jan for eighth straight fall
    Photo by MacroPolis

    EconomyMacroeconomy

    has posted only one positive reading, of 2.4 percent in May 2015, over the last 15 months. Retail.... Retail turnover has been reduced by almost one third since 2009 largely reflecting a similar drop... since 2009 has been posted in books, stationery and other goods (-16.3 percent), automotive fuel (-20.4

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  8. Unease mounts as Greece prepares to implement EU-Turkey refugee deal
    Photo by MacroPolis

    PoliticsForeign Policy

    . The government has so far tried to maintain a minimal police presence at camps and hot spots but is currently... as the prospect that migrants will react angrily to being forced onto ships headed for Turkey, has led to the Greek police drafting in more personnel on the islands and at Idomeni. There has also been

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  9. Athens in quandary over IMF as Fund's role in bailout is firmed up

    PoliticsGreek Politics

    the Fund has not changed and that it has to be involved in the talks. Where there was a difference... with the IMF's position, so the New Democracy leader will attempt to show that he has different ideas about

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  10. Greek tax wedge remained far above OECD average in 2015

    EconomyMacroeconomy

    percent. The comparison for single-earner married couple with two children shows Greece has the 6th... 39.1 percent in 2000 to 39.3 percent in 2015. Over this period, the respective OECD average has dropped by 0.7 pp. The OECD notes that there has been high volatility in the Greek figure since 2010

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