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Greek tourism building strength but needs to diversify, PWC study finds
EconomyFeaturesfinancial performance than in lesser destinations. Due to the concentration of arrivals in popular..., a typical greenfield project takes more than 15 years to complete and most of them never make..., there were more than 65 operating hotel companies and 35 hotel properties advertised for sale. Regarding
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Tsipras points to tax cuts as example of bailout exit benefits
PoliticsGreek Politicswith a value of less than 60,000 euros, as measured by the tax authorities, will see a 30 percent... will be 21 percent, while it will drop to less than 10 percent for properties worth 100,000... to the reduction of the corporate tax rate will be spread out over several years rather than being carried out
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Newsletter 185 -30/11/2018
next year. According to the government, those owning property with a value of less than 60,000... it will drop to less than 10 percent for properties worth 100,000 to 150,000 euros. Overall, almost 6... rather than being carried out in one go. The other measure announced was this year’s “social dividend
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Overdue social security contributions rise to 34.35 bln in Q3
EconomyMacroeconomy) revealed. Until the end of 2016, KEAO was fed by overdue contributions of more than 5,000 euros from... of debtors owe less than 15,000 euros each for an aggregate amount of 3.80 billion euros (11.1 percent... billion in Q2. The current quarter’s figure is 19.6 percent higher than that for the relevant period
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Budget surplus overshoots 11M target due to lower primary expenditure, investment spending
EconomyMacroeconomybillion euros so the aggregate balance in the period beat its target by more than 3.5 billion euros..., 10 million higher than the target. Income tax revenues rose by close to 3 percent to 12.02 billion..., in the year to date, ordinary expenditure edged down by 1 percent to 42.41 billion, lower than
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Unemployment at 18.6 pct in October as unemployed fall by 12.2 pct year-on-year
EconomyMacroeconomyforce came to 4.72 million in October, slightly lower than the figure of 4.76 million noted in September... Ministry’s Ergani database for November showed that there were 33,249 more departures than hirings. Compared to November 2017, there were an additional 5,972 hirings than departures. Total hirings
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Budget primary surplus at 3.16 bln in December, missing target for full year by 443 mln
EconomyMacroeconomyto 2046. These funds will be included in state coffers as of January 2019 rather than December as had..., expenditure was more or less unchanged YoY at 49.75 billion, lower than the target by 572 million. PIB PIB revenues came to 788 million in December, notably higher than the previous month’s figure of 165
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S&P keeps B+ rating and positive outlook, stresses factors for stronger growth
Economyportion of Greece’s government debt representing less than 20 percent of the total stock, or less than 40 percent of GDP. The last disbursement of the programme that went towards the build-up... in the long term. In the absence of further reforms, S&P thinks that Greece cannot grow more than 3
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Primary surplus confirmed at 3.34 bln in Dec, misses annual target by 367 mln
EconomyMacroeconomyto 2046. These funds will be included in state coffers as of January 2019 rather than December... was more or less unchanged YoY at 49.76 billion, lower than the target by 564 million. The MoF noted... revenues came to 788 million in December, notably higher than the previous month’s figure of 165
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Tsipras goes big on minimum wage, hoping to enhance election hopes
PoliticsGreek Politicsis more than the committee of wise men appointed to examine the issue recommended. Their suggestion... that as more fertile ground to win votes than the economy. The conservatives highlighted, for instance, the fact that Prime Minister Zoran Zaev is still referring to his country as “Macedonia” rather than
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