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Special tax structure would benefit hotels and jobs, bank argues
EconomyFeatureson investing in the Greek hotel industry, PricewaterhouseCoopers (PwC) noted that the rapid growth..., with the industry expected to be worth 14 billion by 2020. PwC also outlined the various taxes which an investor
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Greek housing market at new juncture as Covid-19 shakes foundations
EconomyFeaturesownership (property taxes rose six-fold between 2010 and 2015 according to a report by PwC), which drove... looking at the long-term drivers of the Greek property market, PwC estimated that even in an optimistic
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Greek-Turkish rift puts strain on Cyprus reunification talks
PoliticsForeign Policythat Athens and Ankara are not likely to engage in a constructive dialogue over security and guarantees... on Cyprus, Espen Barth Eide has already begun to engage in talks with Athens and Ankara in an effort to lay... tensions in Greek–Turkey relations, the Turkish-Cypriot and Greek-Cypriot sides have been finding
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Newsletter 279 - 05/03/2021
closures dropped during the pandemic Only one sector saw an increase in the number of closures in 2020... and motorcycles” which saw 8,082 closures. Mostly this was due to it being one of the most populous sectors... of company closures in the sector actually dropped 18.9 percent. In fact, only one sector saw
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Survey reveals working lives, job-finding trends of young Greeks
Societysaw it through to completion. This tended to be people who have completed tertiary education and Greek... surveyed said that they found no type of support helpful. When it comes to finding a job, the most
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Greece saw first annual deflation in almost half a century in 2013
EconomyMacroeconomyThe drop in Greece’s Consumer Price Index (CPI) decelerated to 1.7 percent in December after peaking with a 2.9 percent decline in November, according to the Hellenic Statistical Authority (ELSTAT). On a monthly basis, the CPI rose 0.9 percent for the f...
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April saw first rise in Greek banks' Eurosystem funding this year
EconomyMacroeconomyGreek banks’ Eurosystem funding increased by 1.27 billion in April, showing a monthly rise for the first time since December 2013, according to the Bank of Greece's (BoG) monthly financial statement. The headline figure stood at 61.96 billion at the end...
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Most Greeks saw income fall over last year, limiting purchasing power
SocietyThe results of a survey by the Labour Institute (INE) of the General Confederation of Greek Workers (GSEE), which was published on July 17, highlighted how salary earners’ purchasing power has been limited. The survey, conducted in cooperation with Alco...
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Increase in number of services that saw their turnover decrease in Q2
EconomyMacroeconomyThe evolution of turnover indices for the services sector showed a worsening performance in Q2 2014, with 10 out of the 14 types of services, or specific activities of services as they are referred to, posting a negative growth, according to the Helleni...
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Almost all services in Greece saw decline in Q3
EconomyMacroeconomyThe evolution of the turnover indices for the services sector showed a further worsening in the third quarter (Q3) of 2014 with 12 out of the 14 service activities recording a drop, according to the Hellenic Statistical Authority (ELSTAT). In the preced...
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