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Newsletter 354 - 07/10/2022
to be a reserved estimate as receipts are expected to match the 2019 season of roughly 18 billion euros from... euros that the Finance Ministry had included in its 2022 budget estimates. The budget of 2022 assumed... the winning party would need to gain a clear majority, which is another issue that is of concern
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Many obstacles to clear in Greece's digital leap
EconomyFeaturesand leveraged. A recent estimate put the combined funds earmarked for such projects in the public... Governance). The “Digital Reboot” report estimated that between 6 billion and 15 billion euros... with more advanced ICT requirements, finding appropriately skilled talent is challenging
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Newsletter 350 - 09/09/2022
fetch 80 pct of the 2019 receipts, a reliable reason to revise the estimate for this year’s growth... to the 50-seat bonus for the winning party, which applied in the 2019 elections, rather than linking.... Another option is to lower the threshold for winning a majority. Under ND’s electoral law, the winning
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Greece's antitrust damages initiative comes into force
Legalof the available evidence, the competent national court is empowered to estimate the likely amount.... It is also noted that decisions of the Greek and EU Competition Authorities finding an infringement... of the competent Greek and EU review courts, are binding before a Greek court trying an action for damages
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GDP grows by 0.1 pct in Q4, up by 1.4 pct in 2017
EconomyMacroeconomythe quarter. ELSTAT also released a first estimate of the overall GDP figure for 2017, showing that it grew... the Ministry of Finance’s (MoF) final budget estimate of 1.6 percent. This was driven largely by a 15.7... in November 2017. For 2018, the MoF revised upwards the growth estimate to 2.5 percent from 2.4 percent
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IMF revises growth forecasts downwards, emphasising gap with other lenders
EconomyMacroeconomyslightly to 1.8 percent next year. The estimate for this year is a substantial revision from the WEO estimate in October, when the Fund expected Greece to grow by 2.6 percent in 2018. Also, the estimate for 2017 was for 1.8 percent growth, now revised down to 1.4 percent, in line with ELSTAT’s
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IMF still sees fiscal gap in 2018 - no action needed, for now
EconomyProgrammedecade, when the Greek growth estimate eases to 1 percent in 2022. This year’s GDP will be boosted... the deflation years behind, with the inflation estimate at 1.2 percent this year and 1.3 percent in 2018... forecast for 2017 which has been revised downward from the 2.1 percent July estimate. On the fiscal
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Energy drives closer cooperation between Greece, Cyprus and Egypt
PoliticsForeign Policyprocess on the Syrian crisis, while also expressing “serious concerns over the situation in Libya.” The instability in Libya and the presence of jihadists there was highlight by the Egyptian president
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In Washington, Mitsotakis stresses economic recovery, geopolitical importance as IMF departure announced
PoliticsGreek Politicsa maritime agreement with Libya that infringes on Greece’s sovereign rights. Some commentators... with Libya is “null and void” because it ignores the exclusive economic zones of Greece’s islands, which he
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Newsletter 234 -10/01/2020
with Ankara, which escalated following Turkey’s decision to sign a maritime agreement with Libya... actions in Libya, as well as the two memoranda signed between Ankara and Tripoli. However, Turkey’s
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