The bill targets tax evasion and avoidance through a series of measures
AADE (the Greek Independent Authority for Public Revenue) launches a digital platform to encourage citizens to report fraud
According to data from Circana (formerly IRI) for the ten-month period of January-October 2023, the largest sales volume increase was recorded in non-alcoholic beverages and snacks at +4.4%, and alcoholic beverages at +4.3%
People in Greece apparently work more hours than most other residents of European Union countries, with only Romania and Bulgaria fielding longer labor hours, according to results of a report released this week by the French institute Rexecode. In fact, a worker/wage-earner/self-employed professional’s average weekly employment is far higher than then EU average, more-or-less busting […]
Alpha Bank report calculates power production in Greece in 2021 exceeded 54,000 GWH
Universal yield down from a previous 3.81 percent recorded in September; issue oversubscribed two-fold
Financial sector debts have been on an upward trajectory since the third quarter of 2022, reaching 12.7% as a percentage of GDP in the second quarter of 2023
Zara is set to introduce its Zara Pre-Owned platform in Greece on December 12 2023, providing customers with the opportunity to sell and purchase second-hand Zara clothing
In terms of volume, ELSTAT data indicated a marginal 0.02 percentile upward tick in the 3rd quarter of 2023, in comparison to the previous quarter of the same year
Greek policy priorities include the fight against poverty and social exclusion, the economy and job creation and public health
The Greek Ministry of Finance introduced an amendment to the tax bill, extending the reduced VAT rates until June 2024
Average interest rates for consumer loans, which fluctuated between 4.64% and 5.69% in early 2022, have climbed to 7.28% and 8.59%, according to the latest European Central Bank (ECB) figures
Fitch sees the ECB announcing a reduction, by 75 basis points, in rates as of June 2024, and dropping to 3.75 percent by the end of 2024
The Greek economy continues its positive course overall, but third quarter is seen slowing
Trade is undoubtedly an important indicator of the health and vitality of any economy. In this context, the effective exercise of the European Union’s trade policy is crucial for the Greek economy, since none of the Member States can assert its national interests in international markets on its own. The EU is currently the largest […]
Only citizens in Poland and Greece spend more than they save
The survey, commissioned by the Athens Chamber of Commerce and Industry, and covering the greater Athens metropolitan area, revealed that respondents expressed overwhelming opposition to the government's tax bill
A closely watched draft bill on Non-Performing Loans (NPLs) was passed by Greece’s Parliament on Monday afternoon, with the 158 deputies of ruling New Democracy (ND) party only voting in favor. Voting against were 139 deputies from opposition parties. Three MPs did not vote. The legislation incorporates EU Directive 2021/2167 into Greek law. Opposition parties […]
The Christmas basket will Include six different food categories essential for the festive table
Unemployment is in single digits, but a closer look reveals a less rosy picture