State General Accounting Office

In the latest clash between the judiciary and the leftist-led government, the Council of State on Friday suspended a decision by the Transport Ministry to renationalize the Thessaloniki Urban Transport Organization (OASTH).

The ruling followed an appeal by shareholders in OASTH for plans to liquidate the company to be suspended.

There was a changing of the guard at the Thessaloniki Urban Transport Organization (OASTH) on Thursday but it appears that the denunciation of the government's decision to remove the existing board and bring the firm under public control isn't going to stop anytime soon.

The Finance Ministry is obviously waiting for the bailout tranche from the second review in order to pay off part of the state's debt to its suppliers.

The average growth rate in Eurozone countries stood at 1.7% in the first quarter of 2017, according to Eurostat’s initial estimates, while it was calculated at 2% for the EU28 area. This is in contract to the Greek economy, which was the only country that registered a drop in growth for the sam3e period.

The data of the Independent Authority for Public Revenue suggest that the state's unofficial debt to the private sector is close to 2 billion euros.

The government continues to generate debts in a market that is increasingly unable to meet its commitments in growing taxes but also new high social security contributions.

The government has received its first major warning that the budget is in trouble in the form of indirect tax revenues for the first couple of months this year, and this at a time when its negotiations with the country's creditors are in full swing.

The excessive containment of state expenditure and the central bank dividend led to the budget posting a primary surplus of 2.1 billion euros on top of the target of 846 million euros in the January-February period, although this was below the figure seen in the same period last year (2.85 billion euros), according to data released om Tuesday by the State General Accounting Office.

A new set of tax rates is being drafted at the State General Accounting Office, as the income tax overhaul will apparently concern more than just the tax-free threshold.

According to an amendment presented to lawmakers Monday night by the ministries of Economy and Tourism, when it comes to projects promoting the country as a destination, the Greek National Tourism Organization will be granted the power to authorize direct concessions valued at amounts in excess of the 20,000-euro general ceiling per project which applies to all other direct concessions.