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Boing! Greek Tax Revenues 47 Billion Euros Higher This Year

ATHENS – There was nowhere to go but up after two devastating years of COVID-19 that brought lockdowns and businesses closed for months but Greece’s tax revenues are set to show an impressive comeback in 2022.

The estimate is that they will be 47 billion euros ($49.47 billion) higher than the previous year when the country was trying to crawl out of the depths of the 2020 depression that saw revenues cave.

Hundreds of thousands of private sector workers will start paying tax deductions as of May 1 after the 7.5 percent hike to the minimum wage and workers and enterprises will face higher taxes this year as well, said Kathimerini.

Then there’s the big bonus of tourists starting to arrive in such big numbers that the hopes are that it will hit a level of 80 percent compared to the record year of 2019 before the pandemic dropped like a shroud.

The only area set to do worse, it was reported, is special consumption taxes, which are levies that depend on consumption that is falling behind because of soaring prices and inflation.

In April the Finance Ministry recorded a decline in the consumption tax on fuel, to be reflected on the budget data for the year’s first four months.The budget deficit will be higher than originally projected but because of increased expenditures and not revenue shortfalls.


ANKARA – Turkish President Recep Tayyip Erdogan said Monday he would cease talking to Greek Prime Minister Kyriakos Mitsotakis and cancel a key meeting between their two governments, accusing the Greek leader of antagonizing Turkey.

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FALMOUTH, MA – The police in Falmouth have identified the victim in an accident involving a car plunging into the ocean on February 20, NBC10 Boston reported.

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NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.

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PHILADELPHIA – The Federation of Hellenic Societies of Philadelphia and Greater Delaware Valley announced that the Evzones, the Presidential Guard of Greece will be participating in the Philadelphia Greek Independence Day Parade on March 20.


Pentagon Says More High-Tech Weapons Going to Ukraine

WASHINGTON — Nearly 50 defense leaders from around the world met Monday and agreed to send more advanced weapons to Ukraine, including a Harpoon launcher and missiles to protect its coast, Defense Secretary Lloyd Austin told reporters.

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