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  1. After fourth review SLA, build-up to May 24 Eurogroup begins
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyProgramme

    has made to Greece, returning the ANFA and SMP profits held by the Eurosystem, offering a grace... threshold in 2020. Compensatory fiscal measures, which include the base income tax rate dropping... in the Greek media that the creditors are set to agree on the medium-term relief measures but will put

    2%

  2. If rising card use in Greece meets EU average, VAT revenues would see 3.3 bln boost - study

    EconomyMacroeconomy

    ) has shown. The study, titled “Digital payments after capital controls: Support measures and tax..., was closer to these regions’ share of GDP. To increase EMP penetration, IOBE recommends measures... and business incentives and administrative measures such as the reduction of cash transaction

    2%

  3. Staikouras strikes note of caution on fiscal space and tax cuts

    EconomyProgramme

    of the fiscal targets in the coming years, a matter that has already been raised with the eurozone lenders... that the range of tax relief measures the governing party had pledged in the election campaign... that following this year’s reduction in property tax, there is no room for any added relief measures. He

    2%

  4. Draft budget sets ambitious growth target of 2.8 pct in 2020, plugs fiscal gaps
    Photo by MacroPolis

    Economy

    in 2020, the OECD has its estimate at 2 percent and the IMF expects 2.2 percent growth. The council... announced by Prime Minister Kyriakos Mitsotakis last month, along with the intended measures... construction. Finance Ministry officials have compiled a list of fiscal measures worth 1.9 billion euros

    2%

  5. EC sees growth at 1.8 pct for 2019, rising to 2.3 pct in 2020 and fiscal targets in reach
    Photo by MacroPolis

    EconomyMacroeconomy

    increase in spending that has yet to materialize. On the fiscal front, the EC sees the primary surplus... measures that intend to stimulate investment and reduce labour costs are expected to carry... with social policy measures are expected to support investment and employment growth pushing GDP growth

    2%

  6. Eurogroup approves SMP and ANFA profit release, decision on investment use postponed

    EconomyProgramme

    for investment spending is eventually secured it has to be done in a fiscally neutral way and the funds...The Greek authorities left Wednesday's Eurogroup having secured debt relief measures worth 767... not face any issues in yesterday’s meeting regarding the second round of debt relief measures

    2%

  7. Google mobility report illustrates stark drop in activity due to Covid-19
    Photo by MacroPolis

    Society

    Google has released a set of mobility reports which illustrate how the public’s movements around the world have altered due to the coronavirus outbreak. Greece went into staggered lockdown measures... measures such as an 8pm curfew were also introduced. Google’s report showed that in Greece as of March

    2%

  8. Alpha Bank posts net loss of 10.9 mln in Q1
    Photo by MacroPolis

    EconomyBanking

    . The bank has booked 120 million in Covid-19 provisions above underlying loan losses with Q1 2020 CoR... significantly following ECB’s temporary collateral easing measures implemented on April 20, relating... billion euros. Covid-19 measures At the end of Q1, the bank’s domestic performing exposures stood

    2%

  9. The EU decision excluding nuclear and fossil fuels from the Just Transition Fund

    Legal

    of the argument the decision has been warmly welcomed by environmental groups that have been pushing... authorities will be enabled to implement measures to facilitate the transition to climate neutrality... efficiency measures including renovation of buildings. The decision The agreement on the 25th of June

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  10. New data highlights pandemic impact on enterprises as turnover falls sharply

    EconomyFeatures

    The Hellenic Statistical Authority (ELSTAT) has released a set of data showing the impact... of the confinement measures, and the relative speed with which enterprises recovered as lockdown measures... measures and to the operation under the newly imposed conditions due to the pandemic. On the demand side

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