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Tag Archives: OECD

OECD: Strong economic recovery but growth slow down in 2023/24

January 10, 2023 Economy, FEATURED Comments Off on OECD: Strong economic recovery but growth slow down in 2023/24

The recovery of the Greek economy from the Covid-19 crisis was strong, supported by the continuation of reforms, the Organisation for Economic Cooperation and Development (OECD) said in an Economic Survey on Greece which was presented by OECD Secretary-General Mathias Cormann alongside Greek Primer Minister Kyriakos Mitsotakis on Tuesday. The …

Greece is eurozone’s leader in VAT tax charges, says OECD

July 25, 2022 Economy, Uncategorized 7

Greece is one of the top five countries in the Organization for Economic Cooperation and Development (OECD) in value-added tax charges and the first in the eurozone, together with Finland. Indirect tax revenues currently make up about 56.4% of takings in Greece, while direct taxes account for 35.4% (the rest …

OECD: Social security contributions, property & consumption taxes remain high in Greece

February 21, 2022 Economy, FEATURED Comments Off on OECD: Social security contributions, property & consumption taxes remain high in Greece

Greek citizens continue to pay among the highest social security contributions in Organization for Economic Cooperation and Development (OECD) countries, while consumption and property taxes remain high too, according to a Tax Foundation study. On the contrary, revenues from the income taxation of individuals and corporations are significantly lower than …

Greek contender for OECD chair Diamantopoulou withdraws candidacy

March 1, 2021 Greece Comments Off on Greek contender for OECD chair Diamantopoulou withdraws candidacy

Former EU Commissioner and PASOK minister Anna Diamantopoulou announced on Monday she was withdrawing her candidacy in the race to become the next head of the Organization for Economic Co-operation and Development (OECD). Diamantopoulou was one of three candidates left in the race. She posted on her Twitter account: I …

OECD: Recession in Greece lower than the Eurozone average

June 10, 2020 Economy Comments Off on OECD: Recession in Greece lower than the Eurozone average

The Greek economy will contract at a smaller rate in 2020 compared with the Eurozone average, the Organisation for Economic Cooperation and Development (OECD) said in its semi-annual report on the global economic outlook. This forecast comes in opposition to forecasts made by the European Commission and the International Monetary …

Greece’s middle-class lost 6% annual income in the crisis years

April 11, 2019 Social 1

A global study by the Organisation for Economic Co-operation and Development (OECD), released on Wednesday, shows that middle-class incomes in crisis-battered Greece for households hover from nearly 8,000 euros to just more than 21,000 euros per year, a figure amongst the lowest for European OECD member-states. The study, entitled “Under …

Every Greek owes €29,700 to foreign lenders, says OECD

February 21, 2019 Economy 2

Every Greek owes €29,700 to country’s foreign lenders, says a debt analysis by the Greek Federation of Enterprises (SEV). The analysis is based on the report “How’s Life” 2017 conducted by the Organization for Economic Cooperation and Development (OECD) on the impact of disinvestment in natural, human, economic and social …

OECD report 2018: Greece keeps No 1 place in tax increases

September 5, 2018 Economy Comments Off on OECD report 2018: Greece keeps No 1 place in tax increases

The latest report by the Organization for Economic Co-operation and Development (OECD) on tax policy clearly shows that Greece continues to be a champion in taxation. The report practically confirms what Greek taxpayers and business owners have been knowing and pay in the last couple of years. that the moment …

Greece deserves Debt Relief, austerity reforms must continue, says OECD chief Gurria

May 2, 2018 Economy Comments Off on Greece deserves Debt Relief, austerity reforms must continue, says OECD chief Gurria

Greece has made an “enormous” reform effort since its debt crisis broke out and its international lenders must now grant the country debt relief, OECD chief Angel Gurria said while on a visit to Athens on Monday. Gurria, who met Greek Prime Minister Alexis Tsipras in Athens, urged Greece to …

OECD Greece report: High taxes and almost nonexistent benefits

March 21, 2018 Economy 4

Over taxation of low and medium incomes, low wages, non existing benefits, a poor education system: these are the key words in chapter “Greece” as presented by the Organization for Economic Cooperation and Development (OECD) in its Going for Growth 2018 report beginning of the week. the international organization takes …

Life expectancy in Greece dropped in 2015 for the first time, says OECD

February 28, 2018 Social Comments Off on Life expectancy in Greece dropped in 2015 for the first time, says OECD

Life expectancy in Greece rose for decades but dropped in 2015, in the sixth year of economic crisis and austerity measures that brought also dramatic expenditure cuts in the health sector. According to data from Organization for Economic Cooperation and Development (OECD), after 2014 there was a fall in Greek …

Hikes in mobile services although Greeks already pay the highest prices within OECD

January 30, 2018 Economy 4

As if we, Greeks, wouldn’t pay the highest charges for mobile phone services among the member states of the organization for Economic Cooperation and Development. Now, one service provider will increase charges for sending MMS. and trust me, other soon will follow this hikes policy. A recent OECD report, revealed …

Greeks biggest consumers of antibiotics in 2017, says OECD report

November 11, 2017 Lifestyle 3

Greeks topped the list for prescription and consumption of antibiotics in 2017 in an annual Health report by the Organisation for Economic Co-operation and Development (OECD) published on Friday. According to the data, more than 35 prescriptions per 1,000 people are recorded in Greece, which translates to an average of …

OECD report: Greece only country that increased taxes, VAT and social contributions in 2016

September 14, 2017 Economy Comments Off on OECD report: Greece only country that increased taxes, VAT and social contributions in 2016

Greece is defying the prevalent trend among the world’s industrialized nations for reducing tax rates in order to boost investment and competitiveness, a report published by the Organization for Economic Cooperation and Development (OECD) has shown. In contrast Greece has increased labor and corporate taxes, Value Added Tax as well …

OECD Taxing Wages 2017: Greece among the champions, most affected families with 2 children

April 11, 2017 Economy 1

The increase in income tax, the decrease of tax- free allowance and and increase in social security contributions paid by employees and their employers have dramatically reduced the Greeks’ incomes. According to the latest report of the OECD “Taxing Wages 2017” Greece is among the champions of 35 members of …

OECD proposes funding of social programs for Greece’s poor via Pension Cuts & Tax Hikes

March 10, 2016 Economy 4

While we have been busy with the Refugee Crisis, the institutions have been working for us. The Organisation for Economic Co-operation and Development (OECD), for example, has been collecting economic data, evaluating them and comming to conclusion that The refugee crisis creates significant problems for the Greek economy and growth …

Greece has mass production of “unemployed labor-craft with higher education”

November 26, 2015 Society Comments Off on Greece has mass production of “unemployed labor-craft with higher education”

Greeks continue to ‘invest’ in education and ‘produce’ qualified jobless despite the high unemployment among the youth and the highly skilled labor craft. According to OECD’s latest report “Education at Glance 2015” Greece has the highest rate in higher education. The Organization for Economic Cooperation and Development found in its …

My daily Bread & Milk: OECD’s Myth of “Competition Toolkit & lower prices for consumers”

August 12, 2015 Economy 20

Hurrah! The milk and bread market in Greece is to be liberated! The much anticipated liberation has been pushed forward by the Troika lenders since the first bailout agreement in 2010. The OECD had provided its famous Competition Assessment Tollkit for this. But although the previous Greek governments had passed …

OECD cuts Greece’s Growth Outlook, increases Debt/GDP and Unemployment projections

June 3, 2015 Economy Comments Off on OECD cuts Greece’s Growth Outlook, increases Debt/GDP and Unemployment projections

The Organization for Economic Cooperation and Development cut its global growth forecast, saying investment is lagging and risks including a possible Greek default are hurting confidence. In its semi-annual report the OECD says that “the world economy will expand 3.1 percent this year, down from the 3.7 percent predicted last …

OECD: Greek families with kids are taxed higher than singles

April 15, 2015 Economy Comments Off on OECD: Greek families with kids are taxed higher than singles

It doesn’t worth to be married with kids in Greece. Tax-wise. While taxes and social security contributions swallow 43.4% of the salary of a taxpayer without family, families with children are taxed with 3 percentage points more. According to a survey conducted by the Organization for Economic Cooperation and Development …

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