The Greek Deal.com
ECONOMY
Ministry of Finance
Greece ranks 16th in the EU in terms of net household income
On the occasion of two articles published by the KEPE regarding the wages, salaries, and purchasing power of Greek citizens and especially families with children, the Ministry of Economy and Finance pressed forward with a relevant announcement.
IMF
Greek government debt down from 168.8% to 138.8%
The International Monetary Fund forecasts a 30-point reduction in Greek public debt to 138.8% of GDP in 2029 from 168.8% at the end of 2023.
BUDGET
Tax revenue €36.8 billion in 7 months
Tax revenues amounted to €36.86 billion in the January-July period, up €2.19 billion, or 6.3%, against the 2024 budget target.
Independent Authority for Public Revenues
New weapon against tax evasion
A new "weapon" against tax evasion will be activated in the coming period by the Independent Authority for Public Revenue (AADE), which will carry out sweeping cross-checks of tax data and data to identify undeclared income.
Independent Authority for Public Revenues
Inspectors raid day cruise vessels in Santorini
In an organized operation carried out simultaneously in three ports of Santorini, the auditors of the Independent Authority for Public Revenue identified and detected on-the-spot tax evasion by vessels that carry out hundreds of daily cruises every day, transporting thousands of tourists to the Caldera.
GREEK ECONOMY
Revenue from services exports contributed to the growth trajectory in the first half of 2024
Increased revenues from tourism and other service exports more than covered the decline in product exports in the first half of 2024, contributing to the growth trajectory of the Greek economy.
RETAIL
Turnover increased 4,3% in the second quarter
The retail trade sector's turnover for the second quarter of 2024 was €18.11 billion, up 15.4% from the first quarter, when it was €15.69 billion.
ELSTAT
Increase in arrivals and nights spent in accommodation in June
In June, ELSTAT data showed an increase of 3.6% in arrivals and 2.7% in overnight stays of tourists compared to the corresponding month of 2023.
Independent Authority for Public Revenues
52 businesses with undeclared electronic sales of more than €18.5 million
Over 52 companies that conduct online sales but fail to disclose the revenue they generate because they don't provide relevant invoices or receipts have come under scrutiny from the Independent Authority for Public Revenues (AADE).
Bank of Greece
Foreign direct investment at €2.097 billion in the first half of the year
Foreign direct investment reached €2.097 billion in the first half of 2024, down from €2.434 billion in the corresponding period of 2023 and €5.125 billion in 2022, according to data published on Tuesday by the Bank of Greece.
Industrial Production
Turnover up 6.1% in June
The General Index of Industrial Turnover (total domestic and external market) of June 2024, compared to the corresponding index of June 2023, showed an increase of 6.1% compared to a decrease of 16.4% in the corresponding comparison between 2023 and 2022.