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  1. ND tweaking stimulus measures as SYRIZA flounders in Novartis backwash
    Photo by MacroPolis

    PoliticsGreek Politics

    , the reduction of this year’s tax advance, subsidies for workers that have been placed on reduced contracts...-ERGASIA is estimated at 1 billion and the reduced tax-advance this year is another 500 million. Tax... it difficult to gain any traction over the last year.

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  2. New tax debt at 2.21 bln to Mar, up by 545 mln month-on-month
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    than the figure for the same period last year by 16 percent. In February, the increase in new tax... to 356.5 million. For the first three months of the year, the VAT collectability rate came to 81.3 percent... of taxes collected per month in the first three months of the year, another 738 million in taxes went

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  3. Overdue social security contributions rise to 36.32 bln in Q1

    EconomyMacroeconomy

    to KEAO. KEAO noted that within the first quarter of the year, 24,438 debtors from the IKA/ETAM / EFKA... billion in 2019, a rise of 7.1 percent year-on-year and meeting the target set by KEAO which

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  4. EC trims 2020 recession forecast to 9 pct, but 2021 recovery also slashed

    EconomyMacroeconomy

    in the spring estimates. This moves the country from the worst-hit economy this year behind Italy, which... the marginally milder contraction in 2020, the news for next year is not as encouraging. The recovery.... For this interim forecast, the Commission had available Greek data for the first quarter of the year, when

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  5. Higher Covid-19 numbers spark concern as tourism sees little benefit from visitor arrivals
    Photo via www.primeminister.gr

    PoliticsGreek Politics

    to avoid coming up with a substantial support package for the tourism sector later this year... last year. The number of fights was down by 74 pct to 17,049, from 66,827 in 2019. Over the first six months of the year, passengers dropped by 75 pct at 6.3 million, compared to 24.7 million recorded

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  6. Court ruling on pension backpay creates dilemma for PM
    Photo by Panayiotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    will have the right to do so but due to the five-year time bar on their claim it is doubtful whether... year’s elections and the sight of mass appeals by pensioners would create negative publicity... the criticism the PM received from abroad when he named his ministers last year. Observers do not expect

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  7. Disposable income falls by 0.4 pct YoY in Q1, final consumption down by 0.5 pct
    Photo by MacroPolis

    EconomyMacroeconomy

    Greek household disposable income fell by 0.4 percent year-on-year (YoY) in the first quarter (Q1) of 2020, decreasing from the rise of 0.2 percent noted in Q4 2019, according to Hellenic Statistical... landed at 27.89 billion euros compared to 28 billion euros a year ago. An increase of 31.7 percent

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  8. CPI falls by 1.8 pct YoY in July
    Photo by Pavlos Svoronos/Fosphotos

    EconomyMacroeconomy

    Greece’s Consumer Price Index (CPI) fell by 1.8 percent year-on-year (YoY) in July compared to a decline of 1.6 percent seen in June, Hellenic Statistical Authority (ELSTAT) figures showed on Friday... fell by 1.7 percent compared to June. In the year so far, two positive changes were noted in January

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  9. Pandemic's growing economic impact warrants extra support measures, funded by cash buffer
    Photo by MacroPolis

    PoliticsGreek Politics

    for this year. The minister’s comments suggest that Greece’s market forays will be weighed very... without a job in June are 13 pct higher (around 125,000 people) than in the same month last year. ELSTAT’s... to 2.55 billion in 2019. Overall, receipts were 678 million up to June, compared to 5.41 billion last year

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  10. High number of Covid-19 cases puts strain on government
    Athens Airport metro

    PoliticsGreek Politics

    Italian authorities are planning for the new school year. Shortly after Kerameus’s comments... that the start of the school year may have to be delayed until Covid-19 numbers begin dropping. ND also... that if everything goes according to plan, the drug will begin arriving in Greece by the end of the year. He made

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