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  1. Final budget sees strong growth, fiscal overperformance in 2018
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    in the MTFS, with both direct and indirect tax intakes lower than initially thought at 20.77 billion and 27.39 billion respectively. Tax refunds are seen at 3.65 billion, which is significantly lower than the 5.58 billion of 2017. Privatization revenues are expected to be slightly lower at 1.11

    4%
  2. Budget primary surplus at 5.33 bln in October, beating target on revised budget figures
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    . The MoF said that the lower-than-expected expenditure stemmed mainly from reductions in earmarked revenues by 159 million, lower social security spending by 115 million, grants to hospitals by 64 million... lower than the target. PIB PIB revenue stood at 58 million euros for October. The corresponding

    4%
  3. Mitsotakis rules out roles for relatives, Tsipras mulls way out of pension cuts
    Photo by Panayiotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    described lower taxes as the “main vehicle” for his party’s growth strategy. He insisted that there is room...’s lenders. He argued that this would help him convince the institutions to lower the 3.5 percent... agreed to high fiscal targets until 2023, to cut pensions in 2019 and to lower the tax-free threshold

    4%
  4. Entrepreneurs show lack of innovation, face many barriers to entry, study suggests
    Photo by Gerasimos Domenikos/Fosphotos

    EconomyFeatures

    based on opportunity is much lower in Greece compared to other innovation-driven economies (55.8... rates. Informal investors played a role in 2.9 percent of new businesses, lower than the rate for 2015 and lower than the average for innovation-driven economies (3.4 percent). The report notes

    4%
  5. Eurosystem funding rises by 786 mln in December, banknotes in circulation rise
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    was agreed. The majority of this fall (65.16 billion) comes from a lower reliance on ELA funding... on Greek government securities along with the lower haircut applied on ELA collateral, participation... four main systemic banks confirmed the trend for increasing interbank repos and a lower reliance

    4%
  6. Budget primary surplus confirmed at 1.94 bln in 2017 on expenditure fall
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    estimate by 334 million euros to come to 20.62 billion. However, the figure fell 5.6 percent lower... percent decline in primary expenditure which came to 43.53 billion which is 983 million lower than the annual budgeted target. The MoF said that the lower expenditure was due to reductions in social

    4%
  7. European Commission keeps DSA broadly same, stresses need for relief

    EconomyProgramme

    the same. Near-term growth has been brought in line with the autumn forecasts to reflect lower growth... to use 58.6 billion from the current programme’s available financing, which is 27.4 billion lower... seen slightly lower to 2 percent of GDP by 2025. Debt to GDP ratio stabilises at a higher level

    4%
  8. Budget primary surplus at 2.32 bln in Mar, beating target by 1.22 bln
    Photo by Yannis Drakoulidis/Fosphotos

    EconomyMacroeconomy

    but 13.7 percent lower than the figure for March 2017. The aggregate figure for the first three months... billion euros and 5.4 percent lower than that for the same time last year. Interest payments fell... of the year, expenditure declined by 8.5 percent to 11.36 billion, standing 2 million lower than target. PIB

    4%
  9. Budget primary surplus confirmed at 2.37 bln in March, above target by 1.27 bln
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    billion in February but 13.7 percent lower than the figure for March 2017. The aggregate figure... below target by 2 million euros and 5.4 percent lower than that for the same time last year. Interest... three months of the year, expenditure declined by 8.5 percent to 11.36 billion, standing 2 million lower

    4%
  10. Budget primary surplus at 2.33 bln in April on strong PIB underspend
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    month's figure, but below target by 7 million and significantly lower than the figure for the same... in the aggregate period, above target by 689 million euros, and 0.9 percent lower than for the same... billion, below target by 199 million euros and 2.8 percent lower than that for the same time last

    4%