The Greek Deal.com
ECONOMY
HRADF
Ports of Souda and Stylida to be upgraded
The projects are co-financed by the Recovery and Resilience Fund.
YANNIS STOURNARAS (BoG)
Reduction of the maximum VAT rate of 24% is feasible
Governor of the Bank of Greece argued that priority is not to reduce VAT, but to reduce social security contributions at work.
ELSTAT
Unemployment rate in Greece at 11% in February
The number of employed persons amounted to 4,228,417 persons, increased by 76,736 persons as compared with February 2023 (1.8%) and decreased by 38,712 persons compared with January 2024 (-0.9%)
BoG
Deposits decreased, and business loans increased in November 2023
Τhe monthly net flow of total credit was positive by €1,370 million in November 2023, compared with a positive net flow of €349 million in the previous month.
ESEE
Winter sales begin - Stores will be open on Sundays, January 14th and 21st
According to the Association, member stores will be open throughout the country from 11 am to 8 pm.
PDMA
Yield of 3.87% on the issuance of 6m bonds - Oversubscription 1.37 times
During the auction of EUR 375 mln of 26W T-Bills conducted today, the total bids reached EUR 514 million
Budget
Primary surplus of €5.8 billion in 11m period
The primary surplus amounted to €5.826 billion, exceeding the target of €3.771 billion for the primary surplus and a primary deficit of €1.091 billion for the same period in 2022.
PDΜΑ
Greece plans to raise up to €10 billion from debt markets in 2024
Greece plans to repay ahead of schedule more bailout loans and reduce the amount of T-bills in circulation.
Hellenic Competition Commission
Fine of €41,75 million in banks
The banks are obliged to reduce, from January 1, 2024, the amount of the DAF fee per cash withdrawal transaction from ATMs using cards issued by other institutions
Commission
The Greek economy is resilient – Warnings about non-performing loans and debts
The Greek economy proved resilient in the face of external shocks and expanded by 5.6% in 2022.
K. Hatzidakis
Two-month extension of annual road tax for private cars
The Ministry of National Economy and Finance is granting a two-month extension, specifically until February 29th, for the payment of annual road tax for private cars