Economy
Economy
Greece Still Among Eurozone States With Very High Taxes on Consumption
According to a recent study conducted by the ''Tax Foundation'' think tank, Greece is still among those Eurozone member states that impose the highest taxes on consumption.
Taxes on consumption are traditionally the highest in Europe, but after ten years...
Greece
Greece's Tourism Revenues Up by 13.6% So Far in 2019
According to Bank of Greece data on the country's current account balance between January and August of 2019, revenues from tourism rose by an impressive 13.6 percent compared to the same period last year.
There was also a 3.6 percent increase...
Economy
Greek Presence in Britain Expands, Despite Brexit Uncertainty
According to a study conducted by the Southeast European Studies research group of the University of Oxford (SEESOX), the number of Greek nationals who moved to the UK to study or work increased significantly in the last decade, despite...
Economy
IMF Disagrees With Brussels; Sees Lower Greek Surpluses for 2019, 2020
Vitor Gaspar, the Head of the Fiscal Affairs Department of the International Monetary Fund (IMF) presented the Fund's Fiscal Monitor on Wednesday, just before its annual autumn summit in Washington.
With regard to the IMF's projections about Greece's economy, the data presented...
Economy
European Union to Give Green Light to Greece's Budget for 2020
Τhe European Commission posted Greece's draft budget plan for 2020 on its website on Wednesday. The budgetary projections envisage a primary surplus of 3.7 percent of GDP in 2019 and a surplus of 3.5 percent of GDP in 2020,...
Economy
Greek Primary Surplus Continues to Exceed Targets Despite Tax Cuts
The Greek state budget recorded a primary surplus of 4.479 billion euros in the January-September period over budget targets, for a surplus of €1.467 billion, the country's Finance Ministry announced on Tuesday.
There was a primary surplus of 2.523 billion euros...
Economy
Athens Adopts Italian Model of Attracting Super-Rich to Tax Registry
The Greek government has decided to copy, and attempt to implement, Italy's model of encouraging ultra-wealthy individuals and large companies to move their tax residency to Greece, according to media reports on Monday.
The final formula for the new tax...
Economy
Greek Unemployment Continues Downward Trend; Falls to 16.9% in July
The unemployment rate in Greece fell to 16.9 percent of the workforce in July of 2019, from a level of 19.1 percent seen exactly one year earlier and 17.1 percent in June of this year, the Hellenic (Greek) Statistical Authority...
Economy
Greece Borrows With Negative Interest For the First Time in History
Greece has for the first time in history borrowed money with a negative interest rate, it was made public on Wednesday.
According to a statement issued by the country's Public Debt Management Authority, during Wednesday's three-month T-bill auction, the country...
Economy
Greece Borrows €1.5 Billion at Extremely Low Interest With New 10-Year Bond
Greece managed to tap €1.5 billion on Tuesday from global financial markets after it reopened its 10-year bond to take advantage of the new, extraordinarily low interest rates.
According to reports, more than 5.4 billion euros were offered to Greece,...