Finance

Overall arrears owed to the state total a still stratospheric 80.8 billion euros, even as 26.32 billion euros has finally been declared as “non-collectible” by the tax bureau.

In Greece's case, a notable hike in cruise ship arrivals at ports of specific isles along with the main hub of Piraeus is viewed as the most urgent issue

The extraordinary kWh subsidy program comes amid the latest surge in energy prices, especially electricity produced from natural gas

It settled a a 5-month low at 106.8 in July

Over 50% of Greek private sector employees earn €800 or less monthly, highlighting widespread poverty and low purchasing power.

The results were a 26% increase compared to the same period in 2023

In 2023, Greeks spent €34.9 billion online, with 94% making monthly e-purchases

Roughly five billion euros was invested in state shares, bonds between 4Q 2022 and 3Q 2023 as a result of recent Greek economy credit rating hikes

Taxi services providers who do not accept credit card payments and fail to display a relevant sticker will face a 1,000-euro fine.

The negative development prompted the relevant development minister to meet with supermarkets' representatives to hammer out a plan to contain rising food prices

The unemployed population dropped to 456,663, showing a significant decrease of 85,865 from June 2023 (-15.8%) and a reduction of 30,629 from May 2024 (-6.3%).

Data from the Bank of Greece for June 2024 revealed that the average weighted interest rate for new deposits held steady at 0.57%, while the rate for new loans climbed to 5.78%

Out of the 23 categories analyzed, 13 experienced price decreases while 10 saw increases.

More than half of Greek CEOs (54%) express high confidence in their company’s growth potential

As recorded by the Eurofound survey, nearly half of the workers in Greece (45%) struggle to meet their obligations with their current salary

The clock is ticking for Energean to meet tight deadlines for the €1 billion Prinos CO2 Storage project. Meanwhile, Greece already knows Prinos' capacity is not enough, and is exploring solutions in Egypt.

Greece's surge in tax income is attributed to both the higher incomes declared by taxpayers and the imputed taxation system applied to freelancers and self-employed professionals.

Meanwhile, many facilities from the 2004 Athens Olympics, which contributed to Greece's debt crisis, are now abandoned.

Greece's tax authority has been using the help of digital technologies since the start of the year to identify potential cases of tax evasion and readies itself to dole out fines and surcharges

According to Stournaras, the labor shortages are particularly pronounced in sectors critical to the Greek economy, such as tourism, agriculture, and construction