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Greece braces for recession, hopes to bounce back from summer onwards
Economyfor the tourism industry is rising by the day and although there were initial estimates in mid-March... the scope of companies that will be eligible for support next month, Staikouras estimates that 90 pct... for the 800 euros benefit. He estimated the fiscal cost in March and April at 4.7 billion euros
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Newsletter 307 - 10/09/2021
recent forecast. Before this week’s GDP release, the estimates of major international organisations... the more optimistic estimates of the private sector, which converged towards a consensus of above 5... in his speech at the Thessaloniki International Fair over the weekend. It is estimated that 1 percentage
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Govt puts focus on handouts, migration to take heat off surveillance affair
PoliticsGreek Politics. According to the last estimates by the Finance Ministry, the cost to the budget of absorbing the expected... the state. All in all, Finance Ministry estimates place the “pure” fiscal overperformance at 800 million... be supported out of an estimated 5.17 bln of tax overperformance achieved between January and July
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Details of 2025 budget point to complex economic challenges ahead
EconomyMacroeconomynumbers highlight the challenges for the coming years. According to the latest estimates, the Greek... and investments, is also captured in the 2025 estimates as they are seen growing by 3.6 pct in 2025... was estimated at 15.1 pct, more than doubling from the 7.1 pct growth of 2023. In fact, the Finance
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Conditions for Greek ECCL reportedly outlined in German document
EconomyProgramme, with the remaining 600 million in cash. Citing European Commission (EC) estimates, the German document reveals... of the current troika review. The estimated duration of the ECCL is 12 months. The amount provided... reforms will continue to be implemented. In addition, it is estimated that debt sustainability has
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Newsletter 74 - 20/05/2016
loan defaulters. Various estimates point to about 20 percent or even more than 30 percent... for the automatic fiscal adjustment mechanism. The majority of the estimated incremental revenues from... exposure of banks reached an estimated 360 billion euros, equivalent to a fifth of GDP, in 2015
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Greek expats generating 9.1 bln in taxes abroad each year, study suggests
Societyestimates that Greek expats have generated a total of more than 50 billion euros of GDP in their new countries since 2008. In addition, the Greek state is estimated to have invested more than 8 billion... the beginning of 2018, Endeavor Greece has now estimated that the brain drain reached 350,000 over
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Fiscal Council adopts 2017 budget forecasts with three reservations
EconomyMacroeconomythat the government projection of a strong GDP rebound of 2.7 percent next year stands above consensus estimates... contribution for public servants. In addition, pension expenditure is estimated to rise by 5.75 billion euros... income tax estimated to increase by 14.5 percent to 9.17 billion euros, VAT by 5.2 percent to 15.48
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Rating agencies concur in improved prospects for Greece
Economyfiscal path with its creditors. The range of primary surplus estimates for the 2017-2020 period... this year with an estimated 1.5-1.6 percent growth leading up to 2.7 percent in 2019 and 2020 as estimated by S&P. The near-term macro outlook is built on an expected boom in investments that, thanks to EU
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Human Rights Commissioner calls for improvements to battered healthcare system
Societyestimates that there is currently a shortfall of 6,500 additional permanent staff in public hospitals..., particularly in intensive care and neonatal units. In 2017, it was estimated by the European Centre... potentially fatal hospital infections, with an estimated 3,000 deaths attributed to them. For the disabled
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