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  1. Study shows 341 mln a year in tax lost from short-term rentals
    Photo by George Vitsaras/Fosphotos

    EconomyFeatures

    to be above 1.7 billion euros this year. This figure represents a notable loss of revenue to the Greek state... out of the reach of locals and long-term rental options are shrinking. In June this year

    5%

  2. Fall in apartment prices slows to 0.3 pct in Q4 2017, 1 pct average drop for year
    Photo by MacroPolis

    EconomyMacroeconomy

    The drop in the nominal value of apartments in Greece came to 0.3 percent year-on-year (YoY) in the fourth quarter (Q4) of 2017, slowing from a drop of 0.6 percent in Q3 2017, Bank of Greece (BoG) data showed on Thursday. Compared to the previous quarter, apartment prices rose by 0.5 percent

    5%

  3. Industrial turnover makes strong start to year with growth of 12.7 pct in Jan
    Image via www.titan.gr

    EconomyMacroeconomy

    indicators showed improvements for the first month of the year, indicating positive sentiment for the year ahead. The manufacturing PMI increased by 2.1 points in January to 55.2, with the index

    5%

  4. HCAP and Finance Ministry reveal five-year strategic plan for public assets

    EconomyFeatures

    The Ministry of Finance (MoF) and the Hellenic Corporation of Assets and Participation (HCAP) have presented its five-year strategic plan for the so-called "super-fund" for the use of public assets... and development of staff to support the long-term development of the enterprise. Commenting on the five-year plan

    5%

  5. CPI declines by 0.2 pct in March for year’s second negative reading
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    the first full year of consumer price increases after four uninterrupted years of deflation... once more, representing the second time in the year so far that the index has turned negative

    5%

  6. Industrial turnover up by 17.4 pct in June for highest rise in year so far
    Image via www.titan.gr

    EconomyMacroeconomy

    for the year so far, and the highest since October 2017 when the reading came to 11.6 percent. The 12-month... months of negative readings. In the year so far, industry confidence has risen by 5.2 points.

    5%

  7. Revision confirms second year of total fiscal surplus at 0.8 pct of GDP
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    of GDP. This figure is unchanged from the first notification in April this year. The consolidated... percentage point revision to 5.6 percent for 2015, while the surplus last year was marginally lower at 0.5

    5%

  8. European Commission approves 2019 budget, urges focus to meet end of year reform goals
    Photo by MacroPolis

    EconomyProgramme

    year in a surplus of 0.2 percent of GDP. The Commission finds the final package is a balanced... measures amount to EUR 1.3 billion and EUR 0.2 billion per year respectively. The Commission concludes

    5%

  9. Alpha Bank and Eurobank start new year with further bad loan sales

    EconomyBanking

    Two of Greece’s systemic banks moved into 2019 with increased activity on their disposal of their pile of bad loans as the new year heralds a host of ambitious loan reduction targets. Alpha Bank... as that aimed for by Eurobank. With Greece now in an election year and small signs of recovery showing

    5%

  10. December deposit inflows hit six-year high of 3.15 bln
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    . Across 2018, flows came to 7.91 billion euros. The aggregate figure for the same period last year... billion euros compared to October’s sum of 13.20 billion euros. Since the start of the year

    5%