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Daily Archives: May 9, 2013

Greek FinMin: “No tax reduction in heating oil”, V.A.T. decrease in catering … maybe

“Reduction of tax on heating oil in not feasible at this stage,” Greek finance minister Yiannis Stournaras said on Thursday. “Tax cuts are desirable, but it is currently not possible” the minister added rendering as “major obstacles” to such a move “that revenues are a little worse than the targets.” …

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Thessaloniki: frustrated merchants saw Easter turnover decrease at 20%

Merchants in Thessaloniki are frustrated. Consumption during the Holy Easter Week did not meet their expectations. According to a survey conducted by the Commercial Association of Thessaloniki among 100 traders, revenues dropped 20% in average when compared to the previous year. 82% of the respondent saw a decrease in turnover. …

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Greece’s youth unemployment skyrockets at 64% – general rate at 27% in Feb 2013

While Greece’s political leadership cheers the country’s progress and dives in a lake of unexplained optimism, the average Greek sinks deeper in misery. Eleven thousand people lost their jobs within one month – that is 392 people per day. The total number of unemployed to have reached 1,320,189, unemployment has …

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