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  1. Despite recent improvement, more than half of Greeks unable to afford one-week holiday
    Photo by Harry van Versendaal

    Society

    Data from Eurostat has shown that over half of Greeks could not afford to go on a week’s holiday away from home in 2018. According to the dataset, 51 percent of Greeks reported that they were unable... on holiday remains high, there are signs that the trend has been improving recently. In 2015

    2%

  2. Eurosystem funding rises by 64.9 mln in July
    Photo by MacroPolis

    EconomyMacroeconomy

    million. In the year so far, Eurosystem funding has declined by 2.40 billion euros, reflecting... funding to Greek banks has steadily dropped. The total fall by July 2019 came to 148.42 billion

    2%

  3. ND lining up tax, development and labour legislation for autumn
    Photo by MacroPolis

    PoliticsGreek Politics

    will be completed at the end of September, once the government has had a chance to present the 2020 draft... to mediate with the banks in the rescue of up to 170 companies at risk of bankruptcy. He has already

    2%

  4. Brussels urges Athens to remain on reform path as fourth post-MoU review looms
    Photo by TP via Flickr https://flic.kr/p/5WRaRc

    EconomyProgramme

    of the efforts undertaken in the last decade. Growth has returned and is expected to exceed 2 percent this year... Klaus Regling has been vocal in expressing his opposition to the 13th pension, the reduction in VAT

    2%

  5. Govt looks for ways to manage promised tax cuts as Mitsotakis continues European charm offensive
    Photo by MacroPolis

    PoliticsGreek Politics

    was on track to miss the target 3.5 percent primary surplus. To counterbalance this, it has been emphasising... has so far yielded just over 200 million euros, and the government is hoping to triple that amount

    2%

  6. NBG reports net profits of 122 mln in Q2, highlights successful bond sale
    Image via www.nbg.gr

    EconomyBanking

    the end of 2015, NPE reduction has reached 8.6 billion euros. The bank has set a target to reduce

    2%

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

    EconomyFeatures

    The European Commission's VAT Gap report has revealed that tax revenues in Greece increased in 2017, but this did not close the gap between expected and actual VAT revenues. Instead, non-compliance... of VAT from 24 to 22 percent and from 13 to 11 percent by 2022. The VAT gap in Greece has remained

    2%

  8. Industrial production drops by 2.1 pct in July
    Photo by David Gibson via Flickr https://flic.kr/p/oATenb

    EconomyMacroeconomy

    confidence has fallen by 5.7 points. Additionally, Markit’s manufacturing PMI came to 54.9 points..., backed by improvements in the health of the Greek manufacturing sector. The sector has been showing

    2%

  9. New overdue tax debt comes to 104.8 bln in July, number of debtors jumps
    Photo by MacroPolis

    EconomyMacroeconomy

    The month-on-month rise in Greece's new tax debt came to 320 million euros in July, data from the Independent Authority of Public Revenues (IAPR) has shown. The aggregate figure for the first seven... euros month-on-month. In the year to date, the total for overdue debt has increased by 2.97 billion

    2%

  10. Eurosystem funding drops by 464.8 mln in August
    Photo by MacroPolis

    EconomyMacroeconomy

    , along with ECB funding rising by 6 million. In the year so far, Eurosystem funding has declined... billion euros. Since then, Eurosystem funding to Greek banks has steadily dropped. The total fall

    2%