Fitch upgrades Greece to ‘B-‘ from ‘CCC’ – Outlook positive
Naftemporiki — Fitch Ratings has upgraded Greece’s Long-Term Foreign-Currency Issuer Default Ratings (IDR) to ‘B-‘ from ‘CCC’, with a ‘positive’ outlook. From the rating report: Fitch […]
ECONOMY
VAT discount for 32 Greek isles to be abolished as of Jan. 1, 2018
Naftemporiki — Increased VAT rates that were imposed in most of Greece last year – on the back of a tax “tsunami” to meet memorandum-mandated […]
Suspended capital gains tax on property to return next year
Naftemporiki — A suspended capital gains tax on property transactions is scheduled to resume as of Jan. 1, 2018, a negative development for Greece’s still […]
Little motivation for young workers to stay in Greece
eKathimerini — The birth rate is dropping, the population growth rate has been in negative territory for five years, and more than half a million […]
Greece launches new offshore oil and gas tenders – South of Crete, Ionian
Greece’s Energy Ministry announced two international tenders for granting the right to explore and exploit hydrocarbons the south of Crete and in the Ionian Sea. The […]
Cash versus culture: investment projects hit trouble in Greece
Reuters – New York property developer Mike Angeliades has wanted to create a golf resort in his native Greece for quarter of a century. But […]
More than half of Greeks can’t afford a week’s holiday
Tornos News — More than half of Greeks cannot afford to go for a one-week holiday, according to research conducted and released by Eurostat, the […]
Greece to further ease restrictions on individual bank withdrawals
Reuters – Greece will lift the cash limit on bank account withdrawals from 1 September and allow the opening of new accounts as part of […]
Cash inflows for property buys soar
eKathimerini — Inflows of money from abroad for the acquisition of properties in Greece jumped 51.7 percent in the first four months of the year […]
German economist demands Euro-sabbatical for Greece
KeepTalkingGreece — Otmar Issing, former Chief Economist and Member of the Board of the European Central Bank and the German Bundesbank, brings back Grexit scenarios, […]
Greek retail sales up 0.3 pct in May
Reuters – Greek retail sales by volume rose 0.3 percent in May compared to the same month a year ago, statistics service ELSTAT said on Monday. The […]
Prices remain particularly high in Greece
eKathimerini — After eight years of a financial crisis that has sent household incomes spiraling, Greece remains an expensive country. Eurostat data show that Greek […]
Handelsblatt: Record-breaking Greek tourism trend has also revived holiday home market
Naftemporiki — A continuous increase in tourism arrivals to Greece over the last few years has also boosted demand for holiday homes in the country, […]
Greece aims to emulate Ireland with a ‘clean’ bailout exit
The Irish Times — The Tsipras government in Greece will be pleased with the country’s first venture into the bond markets since 2014, selling €3 billion of […]
IMF’s Velculescu : Greece still has a “full agenda” to work on
Naftemporiki — Greece sold 3 billion euros of bonds this week for the first time since 2014, rolling over the bond that the previous government had […]