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  1. GDP growth slows to 0.3 pct QoQ, investments underwhelm
    Photo by Panayiotos Tzamaros

    EconomyMacroeconomy

    was revised slightly down to 2.2 pct and is seen at 2.3 pct for 2025. In the latest financial stability report that was published in October, Bank of Greece (BoG) sees 2024 growth at 2.2 percent, and 2.5 pct... outlook in December, the OECD places Greek growth at 2.3 percent for this year and 2.2 pct in 2025.

    3%

  2. Q1 GDP virtually unchanged with just 0.04 pct QoQ growth, investments drop sharply
    Photo by MacroPolis

    EconomyMacroeconomy

    slowed at 2.2 percent year-on-year (YoY), from a 2.5 percent YoY rise in Q1 last year. The 2.2 percent... increased by 2.2 percent year-on-year, while imports were up by 2.4 percent. Goods exports increased

    3%

  3. Greek primary surplus at 1.5 bln in Q1, aided by PIB and social underspend

    Economy

    , indirect taxes eased 3.8 percent to 5.44 billion, stemming from a moderate drop in VAT revenues... of target by 457 million, equally split between VAT and consumption taxes. On specific revenue... given until April 30, while VAT and excise tax on fuel underperformed targets by 288 and 137 million

    3%

  4. BoG sees encouraging signs for Greek economy but warns on reforms

    Economy

    that an increase in real GDP by 1 percent results in a rise of the tax efficiency of VAT by 0.20 – 0.43... buoyancy effects would lead to a cumulative rise in VAT revenues by 1.4 billion (0.8 percent of GDP) over...) and the more effective tackling of tax evasion could lead to an improvement of VAT revenues. Furthermore

    3%

  5. Greek primary budget surplus rises to 2.53 bln at end of September
    Photo by MacroPolis

    Economy

    euros, down 1.4 percent. They remained in line with the target. VAT and consumption taxes also...: personal income tax (by 416 million), other non tax revenues (by 451 million), VAT (by 145 million... involve: corporate income tax (by 479 million), other income tax (by 126 million), VAT of fuels (100

    3%

  6. The measures Greece is proposing to secure troika's return

    EconomyProgramme

    measures include: 1) Increase in the VAT rate for hotels to 13 percent from 6.5 percent..., with yearly cost savings seen at 82 to 123 million 3) Increase of the VAT revenues through... more in VAT revenues. The government has also proposed some changes to the pension system, which

    3%

  7. Greek travel receipts continued upward course in October, rising by 4.6 pct
    Photo by MacroPolis

    EconomyMacroeconomy

    fiscal gap of 2.5 billion - to double the hotel VAT rate to 13 percent, aligning... in the VAT rate would bring additional direct VAT revenues of at least 350 million euros, whilst

    3%

  8. Newsletter 15 - 13/02/2015

    Newsletters

    , this is mostly due to extending the quarterly VAT payment by one month, until the end of February... their VAT and single property tax (ENFIA) obligations for February as normal, but to do so... revenues are seasonally high due to quarterly VAT returns, while the respective targets

    3%

  9. Primary budget surplus 923 mln short of target in Jan as revenues fall by 18.4 pct

    Economy

    reflects weak income tax and revenues from VAT. In particular, income tax plummeted 47.5 percent to 519 million euros, 479 million short of target, while VAT dropped 16.3 percent to 1.33 billion, 321 million lower than target. The revenue shortfall stems from the extension of the VAT payment until

    3%

  10. Here's why Greece's fiscal difficulties will dominate the agenda

    EconomyProgramme

    lower income tax and VAT revenues. The Finance Ministry (MoF) attributed the bulk of the slippage to the deadline for the VAT payment being extended until the end of February by the previous government... indicate that the revenue gap remained broadly unchanged in February, implying that VAT payment

    3%