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KEPE

Michalis Psalidopoulos Appointed as Greece's New IMF Representative

Michalis Psalidopoulos was appointed as Greece's new representative at the International Monetary Fund (IMF), the Finance ministry said on Wednesday. Psalidopoulos is the president of the Center of Planning and Economic Research (KEPE) and Professor of Economics at the Athens...

Study Finds Greece Has Secured 37.6 Billion Euros in Investments

Between June 2012 and June 2014, Greece attracted a total of 37.6 billion euros in investments, finds a new study published by the Centre of Planning and Economic Research (KEPE). The study, which remains ongoing, was recently discussed by KEPE's president,...

Greek Smokers Pay the Highest VAT in EU

Successive changes in tax laws for tobacco products have changed the Special Consumption Tax (SCT) from a mainly proportional to a primarily flat tax, reducing the price differential between cheaper and more expensive tobacco products, based on a study...

Financial Crisis Sparks Cigarette Smuggling in Greece

Nearly a quarter of tobacco products used in Greece are likely to have been smuggled in to the country, according to the latest data from the Center For Planning and Economic Research (KEPE). KEPE's survey aimed to define the extent of...

ELSTAT: Drop in Greek Household Disposable Income

Since the country entered into recession, Greeks get poorer year by year. The austerity measures haven't yet brought the promised growth, and unemployment hits record rates, while Greeks struggle to make a living. According to a Hellenic Statistical Authority (ELSTAT) report,...

Tobacco Smuggling Soars In Greece

With the government increasing taxes across the board, more Greeks are turning to buying smuggled tobacco products, costing the country at least 600 million euros ($780.5 million) in lost revenues from 2011-12, a survey by the Center of Planning...

Greece Jobless Rate Seen Over 30%

With Greek Prime Minister Antonis Samaras saying all is well now in Greece and that he's put the economy on the road to recovery, the record 27.4 unemployment rate will like go past 30 percent next year, a report...

Greece Set to Slash Health Care, Welfare, Pensions, Salaries

ATHENS - Backtracking from campaign promises to hold the line on more austerity measures, Prime Minister Antonis Samaras was set to meet on July 27 with international lenders providing critical bailouts to Greece as his government is reportedly ready...

Greece Considers New Amnesty Program for Tax Cheats

ATHENS – The new coalition government led by Prime Minister Antonis Samaras’ New  Democracy party is mulling whether to offer a new amnesty to tax evaders in  a bid to bring in about 1.5 billion euros, or $1.81 billion...

Samaras Tells Ministers: Find $14 Billion in Cuts or I Will

ATHENS – With his Cabinet members reluctant to make deep cuts needed to satisfy international lenders who want Greece’s government to slash spending by $14 billion, new Prime Minister Antonis Samaras has told them that he will if they...