Nominal office prices up 7.0 pct in 2018, Bank of Greece report says

Nominal office prices in Greece rose by an average 7.0 pct in 2018 compared with the previous year, after an 1.8 pct increase recorded in 2017/2016, the Bank of Greece said in a report released on Thursday. The central bank, in its report said [...]

Finance Ministry: Gov’t arrears in private sector tax returns drop in April

General government arrears to the private sector eased to 1,660 billion euros in April from 1,779 billion in March, official data showed on Wednesday. According to data by the Finance Ministry, new tax return arrears rose to 700 million euros [...]

Greek business community welcomes reduction of employer contributions for young people

The Greek business community welcomed a government decision to lower monthly employer contributions for workers aged below 25 years, saying it is a positive step that will help boost employment, but reiterated their demands for lower taxation [...]

Commission report: Governemnt measures pose risks to the achievement of agreed fiscal targets

Greece has made a reasonable start in the post-programme period but its reform effort has slowed in the last few months, the European Commission said in its third report for Greece under the Enhanced Surveillance framework that was put in place [...]

Eurostat: Greece registers greatest EU drop in unemployment in Feb.

Greece registered the highest drop in unemployment among all EU countries (EU28) in February 2019, compared to the same period last year, from 20.6 pct to 18.5 pct, according to seasonally adjusted data released by Eurostat on Tuesday. The unemployed [...]

Finance Min. sources on third EU report: Primary surplus for 2019 on target

The primary surplus for the general government in 2019 will reach 4.1 pct of the GDP, Finance Ministry sources reiterated on Wednesday, in response to the third report on Greece by its creditors released the same day. The report, following a [...]

GDP growth rate of Q1 2019 highest since Q1 2012 in absolute numbers

The annual GDP growth rate of the first quarter – calculated at 1.3 pct by the Hellenic Statistical Authority (ELSTAT) – confirms that the Greek economy’s revival continues for the 9th consecutive quarter, the Finance Ministry [...]

Dombrovskis: Last package of measures not in “the right fiscal direction”

European Commissioners Valdis Dombrovskis and Pierre Moscovici on Wednesday stressed the Greek economy’s progress since the country exited the programme, as well as the risk of fiscal targets being missed. Speaking about Greece during [...]

Euro area bank interest rate statistics: April 2019

The composite cost-of-borrowing indicators for new loans to corporations1 and for new loans to households for house purchase2 remained broadly unchanged in April 2019, at 1.62% and 1.75%, respectively. • In the same month, the euro area composite [...]

Deadline for application to settle tax arrears on 120-installment plan to be extended to Sept.

The deadline to apply for a new repayment involving 120 installments to settle tax debts will be extended to September 30, according to sources. The current deadline is June 28, and it will be extended through a decision by Deputy Finance Minister [...]