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Tag Archives: revenues

Lucky freezing Greeks: heating oil consumption decreased 68.7%, but revenues rose

April 19, 2013 Economy, Society 5

Why did we freeze all through the winter? Because the Greek finance ministry had raised the special consumption tax in heating oil, while the tax in natural gas was raised a year before. What did the ministry win from having us on cold show? It raised more revenues – more …

Greek central government revenues down 25% in March

April 9, 2013 Economy Comments Off on Greek central government revenues down 25% in March

March central government net revenues declined by 25% yoy* partly as a result of the payment of previous months΄ tax refunds. VAT revenues reportedly declined by 15% yoy. In the period Jan-March, net revenues reportedly declined by 12% yoy. In the 3 month period, the revenue shortfall versus budget is …

Deutsche Bank: Greece to earn €214 Billion from Natural Gas by 2020

December 4, 2012 Economy 1

Wealth and prosperity is under way and Greeks should be patient with the sacrifices they’re enforce to do. What if one household is forced to live on candle light as the Public Power Company cut the electricity due to outstanding bills. What if another household has two jobless parents and …

Troika Doubts Greek FinMin Forecasts on Revenues Targets From Combating Tax Evasion

August 2, 2012 Economy 7

Greece’s lenders, the Troika, apparently cast doubts on revenue targets The Greek government forecasts to collect from fighting tax evasion. The case refers to Greek government forecasts about revenues from combating tax evasion and for the years 2013-2016. Greek Finance Ministry predicted to collect 3.8 billion euro. The Troika, however, “sees” only 1.9 …

Taxing the Greek Orthodox Church? Archbishop of Athens Ieronimos Declares Transparency

July 20, 2012 Economy Comments Off on Taxing the Greek Orthodox Church? Archbishop of Athens Ieronimos Declares Transparency

Archbishop of Athens and all Greece Ieronimos decided to give a thorough answer to all these reports and publications appearing in international press about the “Taxation of the Greek Orthodox Church”. The letter addressed to Greek PM and the EU leaders aims to “restore the truth”, as it is said: Letter about …

Greece’s Coffers Are Empty As Taxes and Insurance Contributions Dry Up

June 6, 2012 Economy 1

A new black hole of 600 million euro has been opened in the Greek state budget due to the political uncertainty – or even say: lack of governance – between the May 6 and June 17 elections. Then no matter how severe the situation is, Greek state mechanisms have a tendency …

Greek FinMin rules out Debt Restructuring

April 1, 2011 Economy Comments Off on Greek FinMin rules out Debt Restructuring

Greek Finance Minister George Papaconstantinou said Friday he “absolutely” rules out the prospect his country΄s sovereign debt might be restructured, economic portal Capital.gr reported. “I am not the only one” who rejects the idea, Papaconstantinou said on the sidelines of a conference in the northern Italian town. The minister spoke …

Lack of revenues? Greece to collect from the Dead…

March 30, 2011 Cute Stuff, Economy Comments Off on Lack of revenues? Greece to collect from the Dead…

When I first read about GreekFinance Ministry plans to collect revenues from the dead, I thought it was a media exaggeration or just a FinMin official suffering a panic attack. However here comes a a Wall Street Journal report confirming the idea is not just a macabre joke or the result …

Upd: Greeks to wear an IMF-tailored suit worth 1,8 billion euro

March 22, 2011 Economy Comments Off on Upd: Greeks to wear an IMF-tailored suit worth 1,8 billion euro

Additional and harder austerity measures are on the way as the Finance Ministry is obliged to fill up the black hole that appeared in state revenues in the first two months of the year. Ten millions of Greeks will see themselves forced in one and only IMF-tailored suit worth 1,8 billion …

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