Greece
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GDP

Property Tax in Greece Went Up Sevenfold in 7 Years

In 2016, Greeks were called to pay seven times more in property taxes compared to 2009, even though they had to deal with a 25 percent drop in GDP and similar unemployment percentages. According to figures from the tax office,...

Greece Leads in Most Spent on Elderly Pensions Than Eurozone Counterparts

One of the biggest thorns in the negotiations between Athens and international bailout auditors is Greece's pension expenditure, highlights a Bloomberg report that presents a graph depicting the percentage of GDP spent on pensions by Eurozone countries. The report states...

Talks Between Greece and Creditors Resume Thursday With Slim Chances of Staff Level Agreement Soon

Negotiations on the bailout program review between Greece and international creditors resumed on Thursday afternoon after Wednesday's closing of the issue of settlement of red business loans out of court. The two sides converged on some issues, but a European...

Greek GDP Unchanged in 2016

Gross domestic product in Greece remained unchanged in 2016, totaling 184.5 billion euros in terms of volume, according to figures released by the independent statistics agency on Wednesday. The Hellenic Statistical Authority (ELSTAT), in its provisional report on annual national...

We Continue to Expect Economic Growth in Greece in 2017, EC Commission's Breidthardt Says

We continue to expect economic growth in Greece in 2017, European Commission spokeswoman responsible for Economic Affairs Annika Breidthardt on said on Monday, regarding the latest GDP figures. Greek statistics agency revised its estimates on the course of the country's...

No Discussion for Implementation of Measures as of 2018, Gov't Spox Tzanakopoulos Says

"There is no discussion on the implementation of measures as of 2018," stated government spokesman Dimitris Tzanakopoulos in a press briefing on Thursday. "At this particular phase of the negotiation at a technical level, it is necessary for all sides...

BoG: Greek Economy Could Grow by 2.5% in 2017

The Greek economy could grow by 2.5 % this year on conditions, the Bank of Greece said in its Annual Report, presented by governor Yiannis Stournaras on Friday. Based on current data, the country's primary surplus in 2016 is expected...

European Commission Expects 2.7% Growth in Greek Economy in 2017

The Greek economy grew 0.3 percent in 2016 and is expected to grow by 2.7 percent this year and by 3.1 percent in 2018, the European Commission said in its winter forecasts. The EU's executive, in a report released on Monday,...

IMF Asks for Lower Tax-Free Threshold and Pensions

The International Monetary Fund (IMF) wants Greece to legislate a lower tax-free threshold and pensions which would be implemented in the “near future” and after the economy has started recovering, its spokesman Gerry Rice said at a regular press...

Greece at the Bottom of Inclusive Development Index Ranking

Greece has ranked last among developed economies, according to the Inclusive Development Index (IDI) compiled by the World Economic Forum (WEF)  and published on Friday. According to the Forum's report (The Inclusive Growth and Development Report 2017), Greece ranked 29th...