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Newsletter 257 -07/07/2020
, the Finance Ministry now estimates the deficit at 7 pct of GDP, or close to 15 billion euros, which will be covered by a rise in debt between 8 and 10 billion euros and through the use of cash reserves by 5-7... contraction of 9 pct in 2020, from 9.7 pct in the spring estimates. Although Greece can take some comfort
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Greek primary budget surplus eases to 1.95 bln on back of lower revenues in Aug
Economyrevenue targets included revenues of 884 million euros from the first two instalments of the new... will be missed accordingly. For the remainder of the year, the payment of ENFIA with estimated revenues of 2.65
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PM wants no strings attached to EU funds as ND juggles with public finances
PoliticsGreek Politicsbetween 8 and 10 billion euros and through the use of cash reserves by 5-7 billion euros. The latest.... It is not certain the same will apply next year. According to Kathimerini, the Finance Ministry now estimates... estimated initially for this year to 900 million. Another billion will come from the third phase
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Newsletter 110 - 10/03/2017
announced on Wednesday evening that Christos Megalou was unanimously elected as CEO by the bank’s board. Megalou was previously CEO at Eurobank from June 2013, after the first round of recapitalisation... provisional estimates revealed. The GDP contraction mostly reflects a drop in general government
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GDP revision for 2017 points to slight improvement from initial estimates
EconomyMacroeconomyGreece’s Statistical Authority (ELSTAT) issued on Wednesday the second estimate of the national... of the European System of National and Regional Accounts ESA 2010. The first estimate for 2017 was published... year-on-year, from a first estimate of 1.4 percent growth that was announced in March. Final
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The government decisions that could shape the future of Greek banks
Economyand Fokion Karavias new CEO, replacing Christos Megalou. The change followed a meeting between Dragasakis..., having joined Eurobank in 1997. Press reports noted that the Megalou accepted a position at Fairfax... of this intervention was estimated at 2 billion euros. Since further details have not been disclosed
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Multi-bill tabled as Greece aims to take last step to completion of review
EconomyProgrammeof Directors of HCAP comprises of 5-7 members appointed by the Supervisory Board. Half of the HCAP... of indirect taxes are either increased or introduced with estimated revenues of 1.6 billion euros. The most... as of June 1 with estimated annual revenues of 437 million and a rise in the excise tax on cigarettes
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OECD ups 2021 growth estimate by nearly 3 points, underlines RRF impact
EconomyMacroeconomyThe OECD released on Monday its latest Economic Outlook, in which it significantly revised its growth estimate for Greece for this year to 3.8 pct, from 0.9 pct in the previous forecast last December. At the time, the OECD had pointed out that the recovery could be stronger if the support package
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European Commission leaves 2024 growth estimate of 2.3 pct unchanged
EconomyMacroeconomyThe European Commission left Greece’s growth estimate for 2024 unchanged in the latest winter forecast published on Thursday, expecting the Greek economy to grow by 2.3 pct. The forecast remains slightly more moderate than the 2.9 pct growth the Finance Ministry expects, on which it has based
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Public investment under spotlight amid arguments over budget execution
EconomyMacroeconomyfunds 166 million and 859 billion by other legal entities, to make up the actual spend of 4.97... and estimates due to limited resources. It notes that when there is an underspend in a fiscal year
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