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  1. 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%

  2. 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%

  3. 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%

  4. 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%

  5. Survey indicates Greeks concerned about EU's role as geopolitical actor
    Photo by MacroPolis

    Society

    The European Council on Foreign Relations (ECFR) has released a brief outlining what Europeans want from the bloc in terms of foreign policy. “Foreign policy has a major role to play in the appealing vision of the future European leaders must create to reconnect with disenchanted voters

    2%

  6. Industrial turnover rises by 4.3 pct in July

    EconomyMacroeconomy

    sector. The sector has been showing consistent improvements since June 2017 according to Markit... by 1.1 points month-on-month to stand at 0.6 points. Year-on-year, industry confidence has fallen by 5.7

    2%

  7. Second day of review yields progress, work needed on fiscal front
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    Mitsotakis with a total cost of roughly a billion euros and the third has counter measures that will plug any... on the radar of the ESM, given that it has provided funding for this purpose. Talks also included the health

    2%

  8. New York trip showcases climate change ambitions, FDI opportunities and Balkan diplomacy
    Image via primeminister.gr

    PoliticsForeign Policy

    2021. The strategy has yet to be fully outlined for a domestic audience, however elements were... the de-carbonisation of electricity generation has been hinted at as part of the radical

    2%

  9. Fourth review talks conclude with fiscal differences remaining
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    entry rate to 9 from 22 percent. The Greek ministry has been arguing during the talks that the direct... with PPC and a plan that the ministry has in place to improve its finances and viability, will also require

    2%

  10. IMF warns of uphill battle for economy as Athens seeks to close 2020 fiscal gap
    Photo via Flickr https://flic.kr/p/7BWNey

    EconomyProgramme

    government has made a promising start in its first months in office in unblocking certain reforms... income tax and has one of the largest VAT compliance gaps. Regarding spending allocation, pensions

    2%