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  1. Hirings balance in August turns negative by 7,748
    Photo by Giannis Papanikos/Fosphotos

    EconomyMacroeconomy

    The employment balance slipped into negative territory in August with 7,748 more departures than hirings during the month, data from the Labour Ministry’s Ergani information system revealed. August’s.... In the aggregate period, the employment balance showed 281,813 more hirings than departures. Ergani noted

    2%
  2. VAT revenues up in 2016 but rate hikes fail to close gap of 29 pct
    Photo by MacroPolis

    EconomyFeatures

    The European Commission's VAT Gap report has revealed that high rates of VAT in Greece appear to have fed tax avoidance rather than close the gap between expected and actual revenues. Out..., general government revenues came to 87.37 billion euros, 589 million euros higher than the figure

    2%
  3. Budget surplus confirmed at 3.16 billion in August
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    of the year, expenditure increased by 1.6 percent to 31.61 billion, lower than the target by 304 million... better than the target.

    2%
  4. Draft budget contains two scenarios on pensions, charts course within agreed fiscal targets
    Photo by MacroPolis

    EconomyMacroeconomy

    percent in 2018. Imports will grow by 2.1 pps less than initially estimated, while public consumption... by just 0.2 percentage points. Exports are expected to rise by more than assumed in the MTFS, by 5.8

    2%
  5. Unemployment at 19 pct in July as inactive population increases
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    Ministry’s Ergani database for August showed that there were 7,748 more departures than hirings... that the balance for the first eight months of the year, which came to 281,813 more hirings than departures

    2%
  6. New overdue taxes rise by 849 mln in August with total stock at 102.81 bln

    EconomyMacroeconomy

    totalled 6.42 billion, lower than the figure for the same period last year by just under 25 percent. New... than the increase of 392 million noted in July. The VAT collectability rate declined to 83.8

    2%
  7. Greece 57th in WEF's Global Competitiveness Index based on new methodology

    EconomyFeatures

    was 62.1 percent, slightly better than the global average score of 60 percent. The result... to the US, while the worst spot was occupied by Chad at number 140. Germany scored 20 points higher than

    2%
  8. Tsipras faces challenges ahead on multiple foreign policy fronts
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsForeign Policy

    ; Tsipras had a slightly different approach than his Foreign Minister when talks were taking place... Agreement. Logically, foreign policy in general is likely to become more static than in previous years

    2%
  9. Revision confirms second year of total fiscal surplus at 0.8 pct of GDP
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    than the 178.6 percent in April’s estimate, mostly thanks to the upward revision of GDP. Greece’s... is lower as a percentage of the economy but at 317.4 billion is nominally higher than the 315 billion

    2%
  10. Athens and lenders yet to agree on how to drop pension cuts without creating fiscal gap
    Photo via http://www.delphiforum.gr/

    EconomyMacroeconomy

    reaching 3.2 percent of GDP next year if the pension cuts are abandoned, rather than the 3.56..., raising the probability of the matter being settled at the Eurogroup in early December rather than next

    2%