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Draft budget for 2026 sees growth accelerating to 2.4 pct, tax collections remaining strong
EconomyMacroeconomyThe Greek Finance Ministry tabled in Parliament on Monday the draft budget for 2026, which sees a stable growth trajectory and a strong budget performance led by tax revenues, notably indirect taxes. The draft budget slightly revises the growth estimate for this year to 2.2 pct, from 2.3 pct
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Final 2026 budget foresees stable growth and strong tax performance
EconomyMacroeconomyThe Finance Ministry tabled in Parliament on Thursday the final budget for 2026, which sees growth slightly accelerating, a strong fiscal performance and a downward trajectory for the debt-to-GDP ratio. Next year’s growth is seen at 2.4 percent, from 2.2 percent this year, with private consumption
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Positive sentiment around banks continues to grow
EconomyBankingbeen reporting very strong earnings, with net income at 1.7 billion euros by the end of H1, assisted... strong profitability in 2022, when total income was 3.8 billion euros for the four systemic banks, thanks to strong net interest income of close to 5.5 billion euros. Throughout the year, the sector has
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Greece bolsters ties with UAE, building on opposition to Turkish actions
PoliticsForeign Policystressed that the UAE was again deploying its air force in support of allies that share its strong opposition to Turkey’s attempts to extend its military reach in the Eastern Mediterranean and Libya. Abu Dhabi’s strong opposition to these attempts was reiterated this Wednesday, November 19, in a joint
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Athens and Ankara keep eyes on domestic audiences as talks continue
PoliticsForeign Policyambiguity of positions. Mitsotakis's government has received strong criticism from the nationalist faction... with Greece. The remarks sparked strong reactions in Athens. Greek diplomatic sources reaffirmed... continental shelf and the area involved in the Turkey-Libya Maritime Memorandum. It is clear
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Greek, Turkish FMs keep ties on even keel as OSCE cooperation pays off
PoliticsForeign Policythat “through a consistent, strong and principled foreign policy, Greece is further increasing its... of the UN Security Council for the period 2025-2026. “We will start giving a strong geopolitical... Turkey submitted at the international organisation the so-called Turkey-Libya Memorandum (2019
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Budget primary surplus at 3.16 bln in December, missing target for full year by 443 mln
EconomyMacroeconomybillion euros and was below target by 611 million. Net revenues came to 50.96 billion euros, under... expenditure came to 44.20 billion, below target by 611 million euros. Interest payments declined YoY
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Newsletter 85 - 05/08/2016
Revenues beat revised target Hellenic Financial Stability Fund posts huge revaluation losses In a non-paper issued on Wednesday, the Finance Ministry clarified that budget revenues had beaten... Greek bank holdings plunged to 2.38 billion at the end of 2015, from 11.62 billion at the end of 2014
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Athens buoyed by EU, US support over maritime spat with Turkey
PoliticsForeign Policyon the Turkey–Libya maritime border deal. A common statement adopted by the EU leaders during... on Thursday decided to appoint a special envoy to Libya. This will be Ambassador Christodoulos Lazaris. His mission will be to maintain contact with all sides in Libya in order to closely monitor developments
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A busy year of diplomacy for Athens, but Greek-Turkish ties stagnate
PoliticsForeign Policycountries. But it also accomplished a rapprochement with Libya. Greece’s decision to extend its... was its rapprochement with Libya. That was accomplished with numerous visits by Greek officials, including... for the first time a high-level meeting on Libya on November 12, in Paris. Greece had been excluded twice from
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