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Draft budget sees EU funds fuelling recovery of 7.5 pct in 2021, after 8.2 contraction this year
EconomyMacroeconomyThe Finance Ministry tabled in Parliament on Monday the draft budget for 2021 in which the Greek... of the economic damage would have been recovered relatively swiftly. Macro The Finance Ministry..., the Finance Ministry expects the third quarter to drop by circa 10 pct on an annual basis in the third quarter
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Newsletter 268 -09/10/2020
at 5.49 bln in August The Finance Ministry tabled in Parliament on Monday the draft budget for 2021... to cushion the pandemic’s impact. The Finance Ministry expects this year’s recession at 8.2 pct... of 15.2 pct in the second quarter of the year, the Finance Ministry expects the third quarter
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New bid to curb Covid-19 raises demand for more economic support
PoliticsGreek Politics. According to a report in Naftemporiki newspaper on Friday, the Finance Ministry is set to redesign.... Naftemporiki also reports that according to the Finance Ministry estimates, support to the real... and TEPIX II. In the draft budget, the Finance Ministry puts the total fiscal impact of the support
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Newsletter 278 -14/12/2020
by the pandemic. A report in Kathimerini citing Finance Ministry data suggested that eight in 10 companies... contracting by 10 pct this year, broadly in line with the Finance Ministry’s estimates included... government primary balance is expected at 7.3 pct of GDP, in line with Finance Ministry estimates
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Government rolls out red carpet to lure private wealth to Greece
EconomyFeaturesor footloose individuals to put down roots. In its latest initiative, the Finance Ministry this week... frameworks. The Finance Ministry stressed that the set-up, which will also apply to current Greek..., the Finance Ministry heralded the move as the latest initiative in a series of steps it has taken
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Stability Programme reflects subdued expectations for 2021, high hopes for 2022 onwards
EconomyMacroeconomyin the document sent last week are in line with those recently presented by Finance Minister Christos... had a significant impact on budget developments as the ministry had to finance support measures.... For next year, the Finance Ministry expects significant improvement towards a roughly balanced primary
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Rising yields, market turbulence limit government's fiscal options
EconomyIt seems that the Finance Ministry toying with the idea of countering inflation by reducing VAT... that it is set to tighten monetary policy this year. The finance and economy ministers both argued this week that reducing indirect taxes are not an option on grounds of fiscal prudence. Previously, Finance
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Govt weighs up impact of Ukraine war on recovery, waits for decisions at EU level
PoliticsGreek Politicsof economic hurdles would be overcome. It is clear that the Finance Ministry will have to re-write... a given that measures to mitigate price hikes will require additional spending, although the Finance... if the eurozone will decide to keep its fiscal rules relaxed into 2023 as well. Eurozone finance
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Hopes of EU providing immediate relief wane as economic challenges multiply
PoliticsGreek Politicsby host, French President Emmanuel Macron, who called for joint European debt to finance... the last couple of years. Budget implications Clearly, this will weigh on the Finance Ministry’s... on Thursday, Finance Minister Christos Staikouras said that inflation could surpass 8 pct
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Govt readies additional inflation relief package, draws up new budget
PoliticsGreek Politicsnews from the European Union this week, when finance ministers meet to discuss whether any fiscal flexibility will be available to member states this year as a result of developments. As the Finance... by Athens. Budget The new revised budget for 2022 is due to be made public in April, when the Finance
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