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  1. Retail sales fall for second straight month in Oct, with 0.8 pct decline
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    and beverage, books and toys. December sales are estimated to reach 4.09 billion euros, from 4.03 billion in 2016. Overall in 2017, total retail turnover is estimated at 42 billion, from 41.4 billion

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  2. Piraeus Port Authority lays out major development plans
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyFeatures

    Piraeus Port Authority (PPA) on Monday unveiled its ambitious 10-year investment plan, involving an estimated 500 million euros in investments. The plan, titled “Master Plan of the Port of Piraeus... cruise ship terminal will be able to accommodate six cruise liners and bring in an estimated 580,000

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  3. Multi-bill passed, sub-tranche released but debt relief expectations dwindling
    Photo by MacroPolis

    EconomyProgramme

    euros. The government is estimated to have already set aside around 6 billion euros... banks. According to European sources, this amount is estimated at around 4 billion euros

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  4. VAT revenues up in 2016 but rate hikes fail to close gap of 29 pct
    Photo by MacroPolis

    EconomyFeatures

    and the estimated VAT amount that is theoretically collectable based on legislation. The latter... of VAT lost across the EU in 2016 is estimated at 147.1 billion, equal to a loss of 12.3 percent

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  5. Banks submit new NPL targets to SSM, with sales leading way in reduction drive
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyBanking

    strategic defaulters. The number of such defaulters is estimated between 45,000 to 50,000. Legal experts..., returning to a normal banking system will be a crucial step. It is estimated that by the end

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  6. Athens plans to use cash buffer to create fiscal leeway for expansionary measures
    Photo by MacroPolis

    EconomyProgramme

    as a bonus for pensioners) is estimated to cost 1.15 billion euros, around 800 million of which... million euros, while the impact of the measures in 2021 is estimated at a total of 1.22 billion euros

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  7. Banks focus on reducing NPLs linked to property
    Photo by MacroPolis

    EconomyMacroeconomy

    for more than half of long term restructurings in 2019–2021. The total sum involved is estimated at 1.4... the servicing perimeter to other portfolios. The total cases are estimated at 300, with NBG’s

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  8. PBO sees fiscal target being reached despite expansionary measures
    Photo by MacroPolis

    EconomyProgramme

    the committed fiscal target at risk. The General Accounting Office had estimated the total cost... is estimated at 80 million. The Finance Ministry expects close to 300 million to come in the state

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  9. Vote on tax bill due this week as ND pushes for adoption of first three draft laws
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    PoliticsGreek Politics

    do not prove enough to plug the estimated 2.5 billion-euro hole in the 2020 budget before the tax relief package, the government is proposing to include the SMP and ANFA profits, estimated at 1.3

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  10. VAT gap remains high as non-compliance overtakes revenue rise
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyFeatures

    and the estimated VAT amount that is theoretically collectable based on legislation. The latter is called... across the EU in 2017 is estimated at 137.5 billion, equal to a loss of 11.2 percent of the total

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