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Newsletter 479 - 10/10/2025
, against an estimate of growth of 8.4 pct in the budget that was submitted about a year ago... have to a large extent materialised, with the demanding milestones per disbursement testing the Greek... as the projects will not meet the August 2026 deadline. The Finance Ministry has again anchored its estimate
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Government budgeting on a late RRF sprint
EconomyMacroeconomyestimated to reach 70.88 billion euros by the end of the year, against an initial estimate of 69.2 billion... to grow by 5.7 pct this year, against an estimate of growth of 8.4 pct in the budget that was submitted... funds reaching the economy have to a large extent materialised, with the demanding milestones per
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Newsletter 429 - 28/06/2024
path in the short-term, with the estimate for this year at 2.2 pct, then 2.5 pct in 2025 and 2.3 pct in the following year. This year’s estimate by the BoG is slightly more modest than the 2.5 pct... on the basis that the spending ceiling could rise by 3 pct per year, per the latest SGP rules. Finance
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Reports raise questions about some economic policy decisions
EconomyMacroeconomyand rather stable growth path in the short-term, with the estimate for this year at 2.2 pct, then 2.5 pct in 2025 and 2.3 pct in the following year. This year’s estimate by the BoG is slightly more modest... the fiscal path on the basis that the spending ceiling could rise by 3 pct per year, per the latest SGP
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Athens expands survey area off Crete, signs MoU with Egypt
PoliticsForeign PolicyExclusive Economic Zone. In 2019, before signing its memorandum with Turkey, Libya reacted against...). This was calculated by moving its median line northwards. After the signing of the Turkey-Libya memorandum in 2019, new data was generated and Libya could argue that the entire area south of Crete
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Tourist arrivals in Greece up 18.7 pct in 2013 but lower average spending points to missed potential
Economyspent less on average last year than in 2012. The average spending per trip eased by 1.9 percent... of foreign arrivals per country indicates that Germany ranked first in 2013 with 2.27 million tourists up... of 1.7 percent per annum over the next ten years. Another area of focus is business travel spending
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Are Chinese investments starting to hit a wall in Germany?
Agorain Germany and on the continent.[ix] Finally, German Economy Minister Peter Altmaier unveiled... Economic Wars. Economics Minister Peter Altmaier is shifting policy decisively in favor of economic.../articles/2019-02-05/germany-s-peter-altmaier-enters-the-global-economic-wars. Jens Bastian
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Govt tables 2018-21 MTFS containing 4.5 bln in measures, sees growth rising from 1.8 pct this year
EconomyProgrammeMinistry (MoF) downward revised its previous GDP growth estimate for 2017 from 2.7 percent to 1.8... growth of 2.4 percent, which is seen as an optimistic estimate. The HFC also noted that the medium-term... with specific targets per ministry coupled with a tax system structure, which since 2016 incorporates
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PM hopes for return to normality by summer, but vaccine progress remains slow
PoliticsGreek Politicsby the end of the summer. In his remarks, Mitsotakis shrugged off the focus on daily vaccination... have supported jobs through aggressive furlough schemes”, Mitsotakis noted in his Davos remarks..., the analysis estimates that “the bloc as a whole would reach only 15 percent by the end of September
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Draft budget sees primary surplus at 1.8 pct of GDP in 2017, revenue interventions of 2.5 bln
EconomyMacroeconomy. Specifically, the MoF adopts the EC estimate pointing to a 2.7 percent growth in 2017 fuelled by a 1.8... point per annum and land at 23.5 percent in 2016 and further to 22.4 percent in 2017. Moreover... percent above last year’s estimate. It is projected to increase by 3.5 percent to 182.33 billion
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