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Taxes
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Economy
Backpay for civil servants gets "positive" measures rolling for government The Greek government has submitted to Parliament draft legislation that paves the way for thousands of civil servants to receive millions of euros in backpay, marking the start of a period of intense activity for MPs as the coalition plans to follow this up with other measures promised by Prime Minister Alexis Tsipras at the Thessaloniki Expo in September.
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EconomyProgramme
Lenders focus on closing any fiscal gap for 2019 ahead of November 19 Eurogroup Monday’s Eurogroup did not provide any definitive answers regarding the negotiations between Greece and the institution over the 2019 budget but the indications are that Athens will be allowed to scrap next year’s pension cuts if it can re-assure the lenders that the 3.5 percent of GDP primary surplus will not be put at risk.
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EconomyMacroeconomy
General govt primary cash surplus at 5.21 bln in September, arrears fall by 411 mln Greece’s general government (gg) primary cash surplus came to 5.21 billion euros in the first nine months of the year, reduced by 116 million euros compared to the same period last year, according to the Finance Ministry’s (MoF) monthly gg bulletin.
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EconomyProgramme
Athens ready to start legislating fiscal measures despite ongoing talks over 2019 budget All eyes will be on the dispute of Italy’s budget at Monday’s Eurogroup, but in Greece the government is preparing to start legislating fiscal measures even though the disagreement over its own economic plan for 2019 does not seem to have been settled yet.
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EconomyFeatures
Greece drops to 72 in Doing Business index as long-term problems persist The latest Doing Business Indicators report for 2019 by the World Bank Group has shown that Greece fell to number 72 out of 190 economies worldwide.
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Society
Part-time work and low earnings overlie crisis-pounded labour market The General Confederation of Greek Labor (GSEE) has revealed that 72.8 percent of Greek workers make under 1,000 euros per month net.
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EconomyMacroeconomy
Primary surplus confirmed at 4.80 bln on lower tax refunds and public investments The budget primary balance was confirmed a surplus of 4.80 billion euros in the first nine months of 2018, according to the final preliminary budget execution bulletin for September published by the Finance Ministry (MoF) on Wednesday
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EconomyMacroeconomy
Budget primary surplus at 4.18 bln in Sept as EU co-financed projects fall short The budget primary balance came to a surplus of 4.81 billion euros in the first nine months of 2018, according to the preliminary budget execution bulletin for September published by the Finance Ministry (MoF) on Monday.
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EconomyMacroeconomy
New overdue taxes rise by 849 mln in August with total stock at 102.81 bln Greece’s new tax debt’s month-on-month rise came to 849 million in August, picking up pace from July’s rise of 377 million euros, data from the Independent Authority of Public Revenues (IAPR) showed this week.
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EconomyMacroeconomy
General govt primary cash surplus at 3.51 bln in August, arrears fall by 306 mln Greece’s general government (gg) primary cash surplus came to 3.51 billion euros in the first eight months of the year, reduced by 750 million euros compared to the same period last year, according to the Finance Ministry’s (MoF) monthly gg bulletin.