Hellenic Federation of Enterprises

Greece's 'desperate households'

Greek households generally own their home and have a car; they often have a house in the village their family hails from too. However, their bank accounts are shrinking, their loans are not being serviced as promptly as they used to be and their liquidity is close to zero.

Ailing economy

The leftist-led government is struggling to convince voters that the Greek economy has started to show an upward trend, but data provided by experts provide a different picture.

Capital gains tax on property transactions set for another postponement

The introduction of the capital gains tax in property sales is to be postponed for another year, as the Finance Ministry is preparing an amendment that will likely extend its suspension from end-2016 to end-2017.

The tax, voted into law in 2013, ran into a series of problems and has been repeatedly suspended.

Commissioner Moscovici to visit Athens on November 28-29

The European Commissioner for Economic and Financial Affairs, Taxation and Customs, Pierre Moscovici is scheduled to visit Greece on November 28 and 29. On Monday, November 28 the European Commissioner will hold a series of crucial meetings with Greek government officials, including PM Alexis Tsipras to discuss matters pertaining to the Greek bailout program.

Factories shut one after another

The rapid deindustrialization of the country has led to the shutdown of at least 18 production units in the last five years from 2012 to 2016.

The latest such incident was the termination of the Pepsico-Ivi plant at Viotia, central Greece, on October 31. Three months earlier, on August 2, listed wire and wire ropes producer Leventeris had shut down its plant near Volos.