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Budget primary surplus confirmed at 2.05 bln in July on lower PIB expenditure
EconomyMacroeconomyThe budget primary balance was confirmed at a surplus of 2.05 billion euros in the first seven months of 2018, the Finance Ministry (MoF) final budget execution bulletin for July showed on Friday. Last year’s figure for the same period came to 3.02 billion.
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Special tax structure would benefit hotels and jobs, bank argues
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EconomyFeaturesHotels in Greece would benefit from a more favourable tax framework in order to create jobs and harness investments, Alpha Bank’s weekly financial bulletin has highlighted.
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Growth conditions improving but more work needed over longer term, PBO suggests
EconomyMacroeconomyThe Parliament Budget Office's (PBO) second quarter (Q2) report, published recently, examined the current economic conditions in Greece but also how exports and imports have evolved during the crisis.
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General govt primary cash surplus at 1.45 bln in June as expenditure picks up
EconomyMacroeconomyGreece’s general government (gg) primary cash surplus came to 1.45 billion euros in the first six months of the year, down by 1.15 billion euros compared to the first half of 2017, according to the Finance Ministry’s (MoF) monthly gg bulletin.
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New overdue taxes rise by 428 mln in June, total stock above 102 bln
EconomyMacroeconomyGreece’s new tax debt’s month-on-month rise came to 428 million in June, slowing from May’s rise of 610 million euros, data from the Independent Authority of Public Revenues (IAPR) has shown.
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Budget primary surplus confirmed at 635 mln in June on lower spending
EconomyMacroeconomyThe budget primary balance was confirmed at a surplus of 635 million euros in the first six months of 2018, the Finance Ministry (MoF) final budget execution bulletin for June showed on Tuesday.
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Greeks seen working longer, until July 18, to meet annual tax bill
SocietyGreece’s tax freedom day falls on July 18 this year according to data collected by the Dragoumis Center for Liberal Studies (KEFiM) think-tank.
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Budget primary surplus at 617 mln in June as expenditure continues to fall below target
EconomyMacroeconomyThe budget primary balance came to a surplus of 617 million euros in the first six months of 2018, according to the preliminary budget execution bulletin for June published by the Finance Ministry (MoF)on Monday.
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Delay to final tranche over island VAT as lenders quash talk of pension cut reversal
EconomyProgrammeThe final disbursement of Greece’s third programme has been delayed for a few days after Germany raised objections to the way in which Athens decided to extend the discount on VAT on five Aegean islands.
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Pension cuts dominate discussion as eurozone prepares to release final bailout tranche
EconomyProgrammeAhead of the rubber-stamping of Greece’s post-programme surveillance and Friday’s Eurogroup, the discussion about next year’s pension cuts is continuing.