ECONOMY

Tax evasion

Tacking tax evasion could add 2b euros to government coffers annually

Calculations based on the VAT gap as measured by the European Commission show that Greece loses 2b euros from tax evasion every year.

04/10/23 • 12:05

ECONOMY

Bank credit to Greek private sector contracts further in Aug

Bank credit to Greece’s private sector contracted to 0.9% in August from 1.2% in the previous month.

27/09/23 • 12:51

Greek household savings drive bank deposits higher in Aug

Private sector bank deposits rise in Aug due to household savings

Private sector bank deposits recover in August, due to household savings. They stood at 189.35 billion euros, as of end Aug.

27/09/23 • 12:42

Greece sells 812.5m euros of 6-mo T-bills

Greece rolls over 6-mo T-bills; Yield rises to 3.90%

Greece's 26-week T-bill auction yielded at 3.90% higher 3.83% in August sale. Individuals can participate in the auction with a maximum amount of 15,000 euros each.

27/09/23 • 12:00

ELIAS STORM

Agriculture Commissioner's visit to Thessaly rescheduled for Thu

EU Commissioner for Agriculture rescheduled his visit to Thessaly for Thursday, instead of Wednesday due to Elias Storm.

27/09/23 • 10:37

ECONOMY

Greek retail business post 12.3% y-o-y rise in July turnover

Greece’s retail businesses posted a 12.3% annual rise in their July turnover, to 3.94 billion euros, available monthly data from statistics office ELSTAT showed. On a monthly basis, retail turnover rose 5.5%.

26/09/23 • 12:00

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Greece’s Jan-Aug primary surplus beats target, on solid tax collection, lower spending

Greece posted a primary budget surplus of 5.6 billion euros in the first eight of the year, against the budget target of 2.3 billion euros in surplus, according to final data released by the Finance Ministry. In the same period of 2022, the budget’s primary position was positive by 12 million euros.

25/09/23 • 13:24

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Greece to sell 625m euros of six-month T-bills on Sept. 27

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22/09/23 • 11:21