Electronic Transactions Surge by 10.7% in 2024

Business 19 February 2025 23:00

Electronic transactions in 2024 saw a 10.7% increase compared to 2023, rising from €61.1 billion to €67.7 billion. The surge was primarily recorded in the second half of the year, following the completion of POS-cash register interconnection, CE Report quotes Athens-Macedonian

Tax revenues exceeded targets by €2 billion, attributed to the POS integration and the expansion of the myDATA system for businesses. These additional funds were reinvested in tax cuts, income support, and the Public Investment Programme.

Minister of National Economy and Finance Kostis Hatzidakis stated, “The €6.6 billion increase in electronic transactions is the strongest proof that POS-cash register interconnection has played a key role in reducing tax evasion.”

Tags

One in Four Greeks Hide Savings from Partner

1 July 22:30

Over a quarter of Greeks have a hidden savings account their partner doesn't know about, according to a nationwide survey by the savings and investment app Plum.

Tahov: No Reason for Food Price Hikes

29 June 23:45

There are no economic or production reasons behind rising food prices in Bulgaria, Agriculture Minister Georgi Tahov told bTV on Sunday.

Bulgaria Joins Key Transport Corridors

28 June 23:55

Bulgaria’s Black Sea port of Burgas is set to become a key hub in the developing Three Seas Corridor, Deputy Transport and Communications Minister Dimitar Nedyalkov announced at the Balkan Business Forum in Bansko on Saturday.

Türkiye Highlights Development Road’s Economic Impact

27 June 18:18

President Recep Tayyip Erdogan said Friday that Türkiye aims to turn its geopolitical position into a regional economic advantage through the Development Road Project.

Tesla Sales Plunge in Europe

25 June 23:55

Tesla's vehicle sales in Europe dropped sharply by 40.5% year-on-year in May, according to data released Wednesday by the European Automobile Manufacturers' Association (ACEA).

Energy Prices Fall After Ceasefire

25 June 23:20

Global energy prices fell sharply on Tuesday, retreating below pre-conflict levels after U.S. President Donald Trump announced a ceasefire between Israel and Iran.

Greece Reports Strong Budget Surplus

25 June 15:00

Greece’s state budget recorded a primary surplus of €5.34 billion on a modified cash basis for January–May 2025, far surpassing the target of €1.06 billion and the €3.20 billion surplus in the same period of 2024, the Finance Ministry announced Wednesday.

Brent Crude Drops Below $70 Amid US-Iran Tensions

24 June 17:00

Brent crude oil prices fell below $70 a barrel on Monday for the first time since the recent escalation between Israel and Iran.

Greece Launches First CubeSat into Orbit

24 June 15:00

Greece has successfully launched its first CubeSat, DUTHSat-2, into orbit as part of the National Microsatellite Programme, supported by the European Space Agency (ESA).

Electronic Transactions Surge by 10.7% in 2024

Tags

Related articles

Most read

Press Releases

Features