Search
-
Gov't lowers tax-free threshold, prepares for third pillar of measures worth 1 pct of GDP
EconomyProgramme, meaning 1 hiring per 5 departures in 2016, 1 hiring per 4 departures in 2017 and 1 hiring per 3... reforms but also on other measures, each yielding 1 percent of GDP to a total of 3 percent of GDP (5.4... percent, expected to be effective from July 1 and with estimated revenues of around 450 million euros
100% -
Poverty rate rises in 2021; even after social transfers 1 in 4 children are at risk
SocietyThe latest living conditions published by ELSTAT on Friday shows that poverty resumed an upward trend in 2021 after a series of declines that started in 2014, with 2020 marking the most recent annual low. The risk of poverty threshold has dropped to 5,2...
94% -
Apartment prices up by 4 pct in Q1 for highest increase since 2007
EconomyMacroeconomyThe rise in the nominal value of apartments in Greece came to 4 percent year-on-year (YoY..., property prices rose by 1.5 percent compared to an average price contraction of 1 percent in 2017... to a decrease of 1.2 percent in 2017. Properties up to five years old saw price increases of 4 percent
93% -
Greece seeks to finalise 1 pct of GDP in new tax measures to close review
EconomyMacroeconomymeasures related to pension reform and direct taxes - each yielding 1 percent of GDP (1.8 billion euros) - the government has to identify additional measures of 1 percent of GDP to cover the fiscal gap of 3... to cover this last 1 percent of GDP are primarily focused on raising (indirect) tax revenues and include
87% -
Industrial production down by 4 pct in May after three successive rises
EconomyMacroeconomyAfter rising in the preceding three months, the Greek Industrial Production Index (IPI) fell by 4 percent in May following an upward revised 1 percent growth in April, according to the Hellenic Statistical Authority (ELSTAT). The May headline figure indicates the second negative reading so far
86% -
Greek 2017 primary surplus confirmed at 4 pct, well above target
EconomyMacroeconomy, or 4 percent of GDP. These figures are broadly in line with Greece’s fiscal performance in 2016 when... year, further savings have been agreed worth 1 percent of GDP, more than 1.8 billion, from
86% -
Economic sentiment improves to 108 in May, consumer confidence also recovers by 4 pts
EconomyMacroeconomyfollowing the pandemic, has hit some turbulence. The index rose by 4 points to -51.3 points..., industry confidence is up by 3.8 points. The services index increased by 1 point to 20.4. Services
86% -
Primary balance 4 bln above target in Jul due to underspend and tax performance
EconomyMacroeconomyseven months, the primary balance outperformed by over 4 billion euros above the target. Expenditure... euros and roughly 1 billion euros in non-allocated expenditure. Interest payments came to 5.84
86% -
Are hirings in the public sector out of control?
EconomyFeaturesand local government and the public bodies supervised by them is subject to a strict 1:4 (previously 1:5..., while the number of permissible hires for 2017 under the 1:4 rule was 2,453, the government claimed... not violate the 1:4 attrition rule, thanks to legislation brought in in 2016 which loosened hiring caps
84% -
CPI rises by 1 pct in August, staying positive for fifth month
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) rose by 1 percent in August after a rise of 0.9 percent in July... that the figure has landed at 1 percent. The average CPI for the latest 12-months since August 2017 remained...), health (+1.5 percent) and hotels, cafes and restaurants. Smaller rises ranging between 1 percent and 0.2
84%