The Greek Deal.com
ECONOMY
Kyriakos Mitsotakis
Government losses from VAT in Greece reduced to 50%
Prime Minister Kyriakos Mitsotakis refers to the profit gained by the state after the implementation of the interconnection of cash registers with POS, myDATA, and electronic transactions.
Eurobank
Implementation of the Recovery and Resilience Plan at a critical crossroads
The Greece 2.0 project has so far progressed at a satisfactory pace. But its future course is expected to be much more challenging, Eurobank says in its weekly analysis, "7 Days Economy.".
Industrial Production
Annual increase of 11.7% in turnover in July
The General Index of Industrial Turnover in July showed an increase of 11.7% compared to the corresponding index for July 2023, the Hellenic Statistical Authority announced today.
Tourism
Revenue of €11 billion in 7 months
Tourism receipts in July were down by 4.2% compared to the same month last year, although arrivals increased by 4.1%. In particular, as the Bank of Greece data show, travel receipts in July stood at €4.031 billion, compared to €4.208 billion in July 2023.
Independent Authority for Public Revenues
€5.3 billion in tax refunds from the beginning of 2024
The total amount of refunds from the Independent Authority for Public Revenues has reached €5.308 billion euros, while the target for the 9-month period was €4.919 billion, exceeding the target by €389 million.
LOGISTICS
Surge of investments in the coming years
A "barrage" of investments are being launched in domestic freight transport and logistics, aiming at the country's emergence as a transit hub of South-Eastern Europe, combined with the strengthening of the competitiveness of the internal market due to the rise of e-commerce and courier services.S
LOANS
Greece has the highest rate of NPL's
According to the results of a recent Octane study on the Greek NPLs market, Greece still has the highest NPL rate in the European Union, at 3.3% compared to an average of 1.9% by Q2 2023.
GASTRADE
Five-year agreement with Venture Global for US LNG in Alexandroupolis
US liquefied natural gas (LNG) producer Venture Global has signed a five-year agreement with Gastrade to commit up to 1 million metric tonnes of LNG regasification capacity at the new Alexandroupolis terminal.
Hellenic Republic Asset Development Fund
67% of the port of Heraklion transferred to Grimaldi - Minoan Lines
The transfer of a majority stake of 67% of the share capital of Heraklion Port Authority S.A. (OLI S.A.) to the consortium consisting of Grimaldi Euromed and Minoan Lines, for a price of €80 million, has been completed.
Bank of Greece
€69.77 billion of loans managed by servicers
The nominal value of domestic private sector loans managed by servicers and transferred to specialized financial institutions abroad decreased by €277 million in the second quarter of 2024.
Bank of Greece
Surplus of €4.954 billion in the primary budget outturn in 8 months
The primary balance of the state budget in the 8 months of January-August 2024 was a surplus of €4.954 billion, compared to €5.576 billion euros in the corresponding period of 2023, according to data announced today by the Bank of Greece.