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  1. Symbolism takes leading role in political developments

    PoliticsGreek Politics

    year. This was inferred from his suggestion that the government’s bid to adopt proportional representation for the local elections due to take place next year would not be successful. “I pledge... elections only a few months later. Given the government’s four-year term ends in September 2019

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  2. Strong deposit growth of 1.14 bln noted in March
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    up pace from the figure of 221 million in February. For the first three months of the year, flows... with sight outflows of 996.2 million. Savings fell by 263.1 million in the first three months of the year... balance of 612.1 million. The savings balance for 2017 was the first positive year-to-date figure

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  3. OECD highlights reforms and imbalances that need to be addressed
    Photo by Fosphotos

    EconomyMacroeconomy

    strongly, the think-tank adds. The OECD sees economic growth of 2 percent this year and 2.3 percent in 2019, below the Greek government estimate of 2.3 percent for this year and 2.6 percent for next year

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  4. 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... on an income of 25,000 euros and under per year paid just under 33 percent of all taxes. Just under 12 percent... of less than 9,000 euros a year, meaning that they make less than 750 euros a month. Greece is one

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  5. CPI remains unchanged in April
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    Greece’s Consumer Price Index (CPI) remained unchanged in April after a decline in prices of 0.2 percent in March, Hellenic Statistical Authority (ELSTAT) data showed on Thursday. Last year... of consumer prices (HICP) rose by 0.5 percent year-on-year in April. Month-on-month the HICP increased

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  6. Industrial production rises by 1.1 pct in March
    Photo by Giannis Papanikos/Fosphotos

    EconomyMacroeconomy

    last year, although much improved from the low of -10.4 recorded in May 2017. The Commission’s latest..., staying negative for a second month. In the year so far, industry confidence has declined by 1.4... almost one full year during which the reading has stayed above the 50-mark threshold

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  7. Debt relief options pondered as institutions prepare for Athens return

    EconomyProgramme

    that it will involve three or four inspections per year. There is also the question of whether the new system... in 2020 a year earlier. The coalition is also keeping its options open regarding how it might be able to compensate pensioners who will see their retirement pay reduced next year. Speaking to Alpha TV

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  8. Lenders return to Athens with much work ahead to reach SLA by May 24
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    percent of GDP primary surplus this year or next year. Prime Minister Alexis Tsipras and his ministers... later this year because of the slow pace of reforms and fears that the process may stop completely

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  9. Mission chiefs take up negotiations in Athens but focus on IMF's decision
    Photo by George Vitsaras/Fosphotos

    EconomyProgramme

    measures beyond those agreed by the Eurogroup since last year if Greece does not meet its commitments... next year’s pension cuts and the reduction of the tax-free threshold due in 2020. Speaking... measures were agreed last year by Athens after being demanded by the IMF as part of the process

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  10. Coalition eyes electoral change, polls show wide lead for New Democracy
    Photo by Panagiotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    . The majority of Greeks (53 percent) expect elections to be held next year, while 34 percent believe it will be this year. There was a two-point rise in the popularity of New Democracy leader Kyriakos... to January, and SYRIZA on 20 percent, down 1.5 points from the start of the year. The findings

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