Economy
IMF revises fiscal outlook, sees lower primary surpluses in coming years
Following the publication of its global forecasts in the World Economic Outlook, the International Monetary Fund (IMF) released its Fiscal Monitor ahead of the autumn meetings due to take place in Washington this week.
Authorities aim to collect up to 11 bln after strong uptake in overdue tax scheme
The scheme to allow taxpayers to settle their debts in 120 instalments attracted over 1.2 million applications, government officials have said.
Athens buoyed by conclusion of budget talks but IMF lowers growth forecasts
The government submitted to the European Commission on Tuesday the draft 2020 budget after negotiations over the fiscal gap reportedly concluded successfully but, at the same time, the International Monetary Fund issued an indirect warning that Greece’s growth prospects for the coming years will be weaker than expected.
Jumbo net profits rise 7.8 pct in 2019 financial year, report calendar to change from Jan
Greek retailer Jumbo posted their financial results for the operating year running from 1 July 2018 to 30 June 2019, showing that turnover increased by 7.8 percent.
Budget primary surplus at 4.48 bln in September
The budget primary balance recorded a surplus of 4.48 billion euros in the first nine months of 2019, compared to a surplus of 2.53 billion noted in September 2018, the preliminary Finance Ministry (MoF) budget execution bulletin showed on Tuesday.
Eurosystem funding drops by 699.8 mln in September
Greek banks’ Eurosystem funding fell by 699.8 million euros month-on-month (MoM) in September according to the monthly Bank of Greece's (BoG) financial statement.
Plans for Hellinikon development set out, emphasis on real estate revenues
New details about the development project at the former Athens airport, Hellinikon, have revealed that building work is expected to begin in 2020.
Rate of increase in overdue taxes drops in Aug as total passes 105 bln
The month-on-month rise in Greece's new tax debt came to 753 million euros in August, data from the Independent Authority for Public Revenue (IAPR) has shown.
PBO highlights areas of uncertainty for 2020 budget
The Parliamentary Budget Office (PBO) has followed the footsteps of the Fiscal Council by issuing its opinion on the draft budget that the government tabled last week.
Travel surplus rises by 10.4 pct in H1, German visitor numbers and receipts drop
The balance of travel services came to a surplus of 4.08 billion euros for the first half (H1) of the year, Bank of Greece (BoG) noted in its travel balance report for the first six months of the year.